selling price variance |
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Definition
The difference in expected revenue and actual revenue when the price of a unit changes. For example, if a company produced 1,000 units of a good and expected to sell them for $100/unit, it expected revenues of $100,000. If the actual price that the goods were sold at is $110, the company sees a selling price variance of $10,000 (1,000 units x $110/unit - $100,000).
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selling price variance is in the Advertising, Marketing, & Sales and Statistics, Mathematics, & Analysis subjects.
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