{"id":56887,"date":"2024-04-16T00:52:29","date_gmt":"2024-04-16T00:52:29","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=56887"},"modified":"2024-04-16T00:52:29","modified_gmt":"2024-04-16T00:52:29","slug":"if-an-actual-selling-price-is-400-an-actual-result-is-250-and-an-actual-units-sold-are-500-then-selling-price-variance-will-be","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/if-an-actual-selling-price-is-400-an-actual-result-is-250-and-an-actual-units-sold-are-500-then-selling-price-variance-will-be\/","title":{"rendered":"If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then selling price variance will be"},"content":{"rendered":"

[amp_mcq option1=”$45,000″ option2=”$55,000″ option3=”$75,000″ option4=”$65,000″ correct=”option3″]<\/p>\n

The correct answer is $\\boxed{\\text{A}}$.<\/p>\n

The selling price variance is calculated as follows:<\/p>\n

Selling price variance = (Actual selling price – Standard selling price) * Actual units sold<\/p>\n

In this case, the actual selling price is $400, the standard selling price is $250, and the actual units sold are 500. Therefore, the selling price variance is:<\/p>\n

Selling price variance = ($400 – $250) * 500 = $45,000<\/p>\n

Option B is incorrect because it is the difference between the actual selling price and the standard selling price per unit. Option C is incorrect because it is the product of the actual selling price and the actual units sold. Option D is incorrect because it is the sum of the selling price variance and the quantity variance.<\/p>\n","protected":false},"excerpt":{"rendered":"

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