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Sergeeva-Olga [200]
3 years ago
13

In a recent year, BMW sold 217,044 of its 1 Series cars. Assume the company expected to sell 226,244 of these cars during the ye

ar. Also assume the budgeted sales price for each car was $26,000, and the actual sales price for each car was $26,300.
AQ - Actual Quantity
SQ - Standard Quantity
AP - Actual Price
SP - Standard Price

Compute the sales price variance and the sales volume variance.
Business
2 answers:
posledela3 years ago
7 0

Answer:

Sales Price variance

$65,113,200

Sales Volume Variance

$239,200,000

Explanation:

sales price variance formula

( Actual Price - Standard Price) x Actual Units Sold

(26,300 - 26000) x 217,044

=$65,113,200 (Favourable)

Sales Volume Variance formula

(Actual Units Sold - Budgeted Units Sales) x Budgeted Selling Price.

(217,044 - 226,244) x $26000

= $239200000 (unfavorable)

True [87]3 years ago
6 0

Answer:

The answers are:

+ Sales price variance: $65,113,200

+ Sales volume variance: $(239,200,000)

Explanation:

We have detailed calculations shown as below:

Sales price variance = ( Actual unit sales price - budgeted unit sales price) x actual unit sold = ( 26,300 - 26,000) x 217,044 = $65,113,200;

Sales volume variance = ( Actual unit sold - Budgeted unit sold) x budgeted unit sales price = (217,044 - 226,244) x 26,000 = $(239,200,000).

So, for BMW recent year, we have:

+ Sales price variance: $65,113,200;

+ Sales volume variance: $(239,200,000).

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Answer:

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Which of the following is a pair of events which are mutually exclusive?
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Answer:

C. Sleeping in late and waking up early.

Explanation:

Two or more events are said to be mutually exclusive if and only if they can't happen at the same time.

Going with the above brief analysis, we.can easily say which of the pair of events is not mutually exclusive.

1. Rolling a 4 on a six-sided die and on a four-sided die

It's 100% possible to have an outcome of 4 when a 4 sided die and when a 6 sided die are rolled, whether at the same time or on different occasions. So, this pair of events are not mutually exclusive

2. Making rice and making corn

This pair of events are not mutually exclusive because it's possible to make rice and corn at the same time either together as a meal or separately using different cooking utensils

3. Sleeping in late and waking up early

This pair of events are mutually exclusive. This is so because literally, it's not possible to sleep late and wake up early at the same time.

You sleep early to wake early and you sleep late to wake late.

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So, option C is the correct answer

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1. early binding enhances performance

2. late binding gives flexibility

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3 0
3 years ago
What are the short-run equilibrium values of Y, r, Y – T, C, I, private saving, public saving, and national saving? Check by ens
svetlana [45]

Answer:

[AD = C + I + G] = [AS = Y]

S = I

Explanation:

Economy is at equilibrium when : Aggregate Demand = Aggregate Supply

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Assuming 3 sector Economy having : Households, Firms, Government

AD = Consumption (C) + Investment ( I ) + Net Govt. Expenditure (NG = G-T)

Aggregate Supply  [AS] is the total value of goods & services, all producers of economy are planning to sell, during a period of time. Total value of goods & services is distributed among all production factors as factor incomes. And, Income is either saved or consumed.

AS = National Income [ Y ] = Consumption (C) + Saving (S)

So, Equilibrium : [AD =C + I + NG] = [ AS = Y] → ∴ C + I + NG = Y  

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Assuming : leakage (tax) = injection (govt expenditure) ; NG = G-T = 0

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