Accounting Multiple Choice Question – 22 April 2021

Budgeted and actual sales of a product are given

What is the sales price variance?

Select ONE answer:

1. £310 adverse
2. £310 favourable
3. £330 adverse
4. £330 favourable

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct ==> £19,530 / 1,240 = £15.75 ==> £0.25 * 1,240 = £310 ADV
2. Not correct
3. Not correct
4. Not correct

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