The sales price variance is calculated using (actual price - standard price) multiplied by budgeted volume.
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Q1: Revenue variances are excluded from variance analysis
Q2: Variances for costs including material and labour
Q4: The revenue budget variance is determined by
Q5: The revenue budget variance cannot be caused
Q6: The profit variance includes variances due to
Q7: The sales price variance can be broken
Q8: The sales price variance is favourable when
Q9: Revenue variance analysis can also be called
Q10: The flexible budget is equal to budgeted
Q11: The aggregation of favourable and unfavourable variances
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