Intermediate J Limited operates a standard cost accounting system. The following information has been extracted from its standard cost card and budgets:

If it used a standard marginal cost accounting system and its actual sales were 4500 units at a selling price of £12.00, its sales volume variance would be:

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Budgeted sales volume Budgeted selling price Standard variable cost Standard total cost 5000 units 10.00 per unit 5.60 per unit 7.50 per unit