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Multiple Choice Question A company's master budget called for net operating income of $7,200 and 500 units sold. Budgeted sales revenue was $20,000, budgeted variable
Multiple Choice Question A company's master budget called for net operating income of $7,200 and 500 units sold. Budgeted sales revenue was $20,000, budgeted variable costs were $8,000, and budgeted fixed costs were $4,800. During the period, actual sales were 550 units. Total actual sales revenue was $22,700. Total actual variable costs were $9,100 and total actual fixed costs were $4,600. Calculate the company's selling price variance rounded to the nearest dollar.
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