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Sales Price Variance Formula

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Sales Price Variance is the difference between the actual selling price and the budgeted or standard selling price, multiplied by the actual quantity sold. Check FAQs

SPV = (ASP - BSP) \cdot n

SPV - Sales Price Variance?ASP - Actual Selling Price?BSP - Budgeted Selling Price?n - Number of Units Sold?

Sales Price Variance Example

With values

With units

Only example

Here is how the Sales Price Variance equation looks like with Values.

Here is how the Sales Price Variance equation looks like with Units.

Here is how the Sales Price Variance equation looks like.

4000 = (102 - 98) \cdot 1000

4000 = (102 - 98) \cdot 1000

4000 = (102 - 98) \cdot 1000

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Sales Price Variance Solution

Follow our step by step solution on how to calculate Sales Price Variance?

FIRST Step Consider the formula

SPV = (ASP - BSP) \cdot n

Next Step Substitute values of Variables

∴

SPV = (102 - 98) \cdot 1000

Next Step Prepare to Evaluate

∴

SPV = (102 - 98) \cdot 1000

LAST Step Evaluate

∴

SPV = 4000

Sales Price Variance Formula Elements

Variables

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.

Symbol: SPV

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Sales Price Variance

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.

Symbol: ASP

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Actual 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.

Symbol: BSP

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Budgeted Selling Price

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.

Symbol: n

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Number of Units Sold

Other formulas in Cost Accounting category

Go Material Cost Variance

MCV = (SQAO \cdot STP) - (ACQ \cdot ACP)

Go Material Price Variance

MPRV = ACQ \cdot (STP - ACP)

Go Material Quantity

MQ = STP \cdot (SQ - ACQ)

Go Revised Standard Quantity

RSTQ = (\frac{SQM}{TSQ}) \cdot TAQ

How to Evaluate Sales Price Variance?

Sales Price Variance evaluator uses Sales Price Variance = (Actual Selling Price-Budgeted Selling Price)*Number of Units Sold to evaluate 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 evaluate Sales Price Variance using this online evaluator? To use this online evaluator for Sales Price Variance, enter Actual Selling Price (ASP), Budgeted Selling Price (BSP) & Number of Units Sold (n) and hit the calculate button.

FAQs on Sales Price Variance

What is the formula to find Sales Price Variance?

The formula of Sales Price Variance is expressed as Sales Price Variance = (Actual Selling Price-Budgeted Selling Price)*Number of Units Sold. Here is an example- 4000 = (102-98)*1000.

How to calculate Sales Price Variance?

With Actual Selling Price (ASP), Budgeted Selling Price (BSP) & Number of Units Sold (n) we can find Sales Price Variance using the formula - Sales Price Variance = (Actual Selling Price-Budgeted Selling Price)*Number of Units Sold.

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Sales Price Variance Formula

Sales Price Variance Example

Sales Price Variance Solution

Sales Price Variance Formula Elements

Other formulas in Cost Accounting category

How to Evaluate Sales Price Variance?

FAQs on Sales Price Variance

Variable Name