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What is the sales price variance

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Reference no: EM132572168

Hulet Company uses a Standard Cost system. The static budget on Jan 1 2015 shows that comp is planning to produce and sell 25K units of product R for $50 per unit. the following information is for January 1, 2015

Budgeted Fixed OH costs $150K

Budgeted Variable OH costs $75K

Direct Material: 3 Yards for $3.50 per yard and Direct Labor: 1.5 hours for $8 per hour

The company actually produced and sold 20K units at price $60 per unit

Question 1: What is the sales price variance?

Reference no: EM132572168

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