Weissmeiss Ltd. use a standard costing system for all its products. The footballs they produce have a standard variable cost of £10. The standard selling price is £35 and budgeted total sales volume for October is 800 footballs. The actual selling price was £37.50, the actual variable costs were £11.50 per football, and the actual number of footballs sold in October was 850. What is the sales price variance for October?

Weissmeiss Ltd. use a standard costing system for all its products. The footballs they produce have a standard variable cost of £10. The standard selling price is £35 and budgeted total sales volume for October is 800 footballs. The actual selling price was £37.50, the actual variable costs were £11.50 per football, and the actual number of footballs sold in October was 850. What is the sales price variance for October?

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Description: Weissmeiss Ltd. use a standard costing system for all its products. The footballs they produce have a standardvariable cost of £10. The standard selling price is £35 and budgeted total sales volume for October is 800footballs.The actual selling pric

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 5PA: Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but...

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