The Sales Price Variance Was:
A) $15,000 Unfavorable

question 52

Multiple Choice

$\begin{array}{lll}\text { Item to Classify}&\text { Standard }&\text {Actual }\\\text { Sales Revenue } & 820,000 & 835,000 \\\text { Wages } & 125,000 & 128,000 \\\text { S\&A Expenses } & 400,000 & 408,000 \\\text { Cost of Goods Sold } & 608,000 & 600,000\end{array}$ The sales price variance was:

• A) $15,000 unfavorable.
• B) $7,000 favorable.
• C) $15,000 favorable.
• D) $7,000 unfavorable.

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Definitions:

International Waters

Refers to areas of the ocean outside any nation's territorial jurisdiction, where no state has sovereign rights.

Risk Of Loss

The potential for an investment or transaction to result in a financial loss.

Negotiable Instrument

A financial document that guarantees the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Contract Silent

A scenario where a contract does not specify terms or conditions regarding a particular aspect or issue.