Actual production 40000 actual sales price 7 Standard sales price 7

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What are the best ways for the determination of Sales Price for a Product?
Posted by:
Malik Khalid Mahmood
23-October-2014

Based on information the variance is A- favorable because of inflation status B- unfavorable because of inflation status C- favorable because of high quality D- neither Favorable nor Unfavorable

Accounting Cost Accounting Financial Accounting CMA Costing

Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/03/19

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5 Answers

by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

D- neither Favorable nor Unfavorable

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by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Option >>>>>>>>>>>> D- neither Favorable nor Unfavorable

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by asber shaabo , ادارة -محاسبة - متابعة شؤون الفندق لدى القطاع العام و الخاص , فندق عينكاوة باﻻص - فندق ارابيﻻ غراند -نقابة محامي كردستان العراق

I did not know the meaning of the question

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by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Correct answer is ( D ) ....

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by Ahmed Abdi Mahad , Director of Internal Auditing Directorate , Jigjiga University

If actual price is equal to standard price then the variance is equal to zero which means the variance is neither favorable nor unfavorable. So, choice D is the correct answer for this question.

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