Question
A company budgeted to sell 6,000 units at a standard
selling price of ₹25 per unit. During the period, it actually sold 5,500 units at ₹27 per unit. What is the Sales Price Variance?Solution
Sales Price Variance = (Actual Price - Standard Price) × Actual Quantity = (₹27 - ₹25) × 5,500 = ₹2 × 5,500 = ₹11,000. Since the actual price is higher, the variance is favorable.
A started a business with an investment of Rs.1500. After some months, B joins the business with an investment of Rs.2000 and after four more months C j...
"Abhinav" and "Pankaj" launched a business venture with investments of Rs. 1400 and Rs. 2100, respectively. The ratio of the time for which "Abhinav" an...
Nina and Sita invested Rs.7000 and Rs.5600 respectively in a partnership. Nina invested for 9 months more than Sita. If the profit share of Sita is 30%...
A and B together start a business with investment of Rs. 2200 and Rs. (x + 500), respectively. If the profit earned after 5 years is Rs. 5000 and share ...
A invest twice the sum invested by B and withdraws half of sum after 5 months and again withdraws half of the remaining sum after 6 months. Find ratio o...
Pankaj and Dheeraj initiated a partnership by investing Rs. 12,750 and Rs. 8,500 respectively. Eight months into the business, Sanjay came on board by c...
A invested Rs. 3.5X in a business. After four months B Joined him with Rs. X and A double his investment. If at the end of the years total profit...
'A' and 'B' started a business with an investment of Rs. 1,200 and Rs. 1,500, respectively. After 6 months, 'C' joined them with an investment of Rs. 1,...
A starts business with Rs.8000 and after 8 months, B joins with A as his partner. After a year, the profit divided in the 3:7. What is B’s contributi...
Ajay and Akash together start a business with investment of Rs. 1500 and Rs. ‘x + 1300’, respectively. If the profit earned after 5 years is...
