Question 16.TQ.12: Milton Limited has produced the following information: Total...

Accounting for Non-Accounting Students

Milton Limited has produced the following information:

Total actual sales: £99,000.
Actual quantity sold: 9000 units.
Budgeted selling price per unit: £10.
Standard cost per unit: £7.
Total budgeted units: 10,000 units.

Required:
Calculate:
(a) the selling price variance
(b) the sales volume profit variance
(c) the sales variance in total.

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