HCF of three numbers

Sales Price Variance Calculator

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Important Formulas of Cost Accounting

✖Actual Selling Price refers to the price at which a product or service is sold to customers, as opposed to the standard or budgeted selling price.ⓘ Actual Selling Price [ASP]			+10% -10%
✖Budgeted Selling Price is the anticipated or planned price at which a product or service is expected to be sold, based on budgeting and forecasting calculations.ⓘ Budgeted Selling Price [BSP]			+10% -10%
✖Number of Units Sold refers to the quantity of products or services that a business has sold within a specific period, reflecting its sales performance.ⓘ Number of Units Sold [n]			+10% -10%

✖Sales Price Variance is the difference between the actual selling price and the budgeted or standard selling price, multiplied by the actual quantity sold.ⓘ Sales Price Variance [SPV]

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Sales Price Variance Solution

STEP 0: Pre-Calculation Summary

Formula Used

Sales Price Variance = (Actual Selling Price-Budgeted Selling Price)*Number of Units Sold
SPV = (ASP-BSP)*n
This formula uses 4 Variables

Variables Used

Sales Price Variance - Sales Price Variance is the difference between the actual selling price and the budgeted or standard selling price, multiplied by the actual quantity sold.
Actual Selling Price - Actual Selling Price refers to the price at which a product or service is sold to customers, as opposed to the standard or budgeted selling price.
Budgeted Selling Price - Budgeted Selling Price is the anticipated or planned price at which a product or service is expected to be sold, based on budgeting and forecasting calculations.
Number of Units Sold - Number of Units Sold refers to the quantity of products or services that a business has sold within a specific period, reflecting its sales performance.

STEP 1: Convert Input(s) to Base Unit

Actual Selling Price: 102 --> No Conversion Required
Budgeted Selling Price: 98 --> No Conversion Required
Number of Units Sold: 1000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

SPV = (ASP-BSP)*n --> (102-98)*1000

Evaluating ... ...

SPV = 4000

STEP 3: Convert Result to Output's Unit

4000 --> No Conversion Required

FINAL ANSWER

4000 <-- Sales Price Variance

(Calculation completed in 00.004 seconds)

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Credits

Created by Keerthika Bathula

Indian Institute of Technology, Indian School of mines, Dhanbad (IIT ISM Dhanbad), Dhanbad

Keerthika Bathula has created this Calculator and 100+ more calculators!

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IGNOU (IGNOU), India

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< Cost Accounting Calculators

Material Cost Variance

LaTeX Go Material Cost Variance = (Standard Quality for Actual Output*Standard Price)-(Actual Quantity*Actual Price)

Revised Standard Quantity

LaTeX Go Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity

Material Price Variance

LaTeX Go Material Price Variance = Actual Quantity*(Standard Price-Actual Price)

Material Quantity

LaTeX Go Material Quantity = Standard Price*(Standard Quantity-Actual Quantity)

Sales Price Variance Formula

LaTeX Go

Sales Price Variance = (Actual Selling Price-Budgeted Selling Price)*Number of Units Sold
SPV = (ASP-BSP)*n

What is Sales Price Variance ?

Sales Price Variance is a financial metric that measures the difference between the actual selling price of goods or services and the budgeted or standard selling price. It is calculated by multiplying the variance between actual and standard prices by the actual quantity sold. A positive variance indicates that products were sold at a higher price than anticipated, potentially boosting revenue, while a negative variance suggests that products were sold below the expected price, possibly impacting profitability. This variance analysis helps businesses assess pricing strategies, understand revenue fluctuations, and make data-driven decisions to optimize pricing and maximize financial performance.

How to Calculate Sales Price Variance?

Sales Price Variance calculator uses Sales Price Variance = (Actual Selling Price-Budgeted Selling Price)*Number of Units Sold to calculate the Sales Price Variance, The Sales Price Variance is the difference between the actual selling price and the budgeted or standard selling price, multiplied by the actual quantity sold. Sales Price Variance is denoted by SPV symbol.

How to calculate Sales Price Variance using this online calculator? To use this online calculator for Sales Price Variance, enter Actual Selling Price (ASP), Budgeted Selling Price (BSP) & Number of Units Sold (n) and hit the calculate button. Here is how the Sales Price Variance calculation can be explained with given input values -> 4000 = (102-98)*1000.

FAQ

What is Sales Price Variance?

The Sales Price Variance is the difference between the actual selling price and the budgeted or standard selling price, multiplied by the actual quantity sold and is represented as SPV = (ASP-BSP)*n or Sales Price Variance = (Actual Selling Price-Budgeted Selling Price)*Number of Units Sold. Actual Selling Price refers to the price at which a product or service is sold to customers, as opposed to the standard or budgeted selling price, Budgeted Selling Price is the anticipated or planned price at which a product or service is expected to be sold, based on budgeting and forecasting calculations & Number of Units Sold refers to the quantity of products or services that a business has sold within a specific period, reflecting its sales performance.

How to calculate Sales Price Variance?

The Sales Price Variance is the difference between the actual selling price and the budgeted or standard selling price, multiplied by the actual quantity sold is calculated using Sales Price Variance = (Actual Selling Price-Budgeted Selling Price)*Number of Units Sold. To calculate Sales Price Variance, you need Actual Selling Price (ASP), Budgeted Selling Price (BSP) & Number of Units Sold (n). With our tool, you need to enter the respective value for Actual Selling Price, Budgeted Selling Price & Number of Units Sold and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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