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(Answers with explanation) Question Last month a company budgeted to sell 8,000 units at a price of $12.50 per unit. Actual sales last month were

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Last month a company budgeted to sell 8,000 units at a price of $12.50 per unit. Actual sales last month were 9,000 units giving total sales revenue of $117,000.

What was the sales price variance for last month?

  1. $4,000 favourable
  2. $4,500 adverse
  3. $4,000 adverse
  4. $4,500 favourable

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