The Sales Price Variance Is the Difference Between the Actual

question 110

Multiple Choice

The sales price variance is the difference between the actual sales revenues and the:

• A) budgeted selling price multiplied by the budgeted number of units sold.
• B) budgeted selling price multiplied by the actual number of units sold.
• C) actual selling price multiplied by the budgeted number of units sold.
• D) actual selling price multiplied by the actual number of units solD.
• The sales price variance is derived from the difference between the actual revenue and budgeted selling price multiplied by the actual number of units solD.

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Definitions:

Formula

A symbolic representation of the composition of a compound, indicating the elements present and the ratio of atoms or ions.

Cyanate Ion

A negatively charged ion or anion with the formula OCN-, derived from cyanic acid.

Cyanide Ion

An anion with the formula CN−, known for its high toxicity, it can form various inorganic and organic compounds.

Sulfate Ion

A polyatomic anion with the empirical formula SO4^2- and is a common component of many minerals and chemicals.