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
A. $45,000
B. $55,000
C. $75,000
D. $65,000
Answer: Option C
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Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
Please give explanation