1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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).

You might be interested in
Why was money scarce when crops produced a good profit? savestylesformat instructions?
Zolol [24]
<span>Although a profitable surplus of products was maintained, money was as scarce in the colonies as it was in England. Whenever gold or silver was earned from exported products, it had to be sent to England to pay debts or to import needed goods. This produced an environment where money was scarce even despite the decent profit earned from crops.</span>
5 0
3 years ago
What techniques did managers use to promote rock &amp; roll?
o-na [289]
They used <span> Independent record labels to their advantage.</span>
5 0
3 years ago
In each of the following scenarios, explain and categorize the cost of inflation.a) Because inflation has risen, the J.Crew clot
Kazeer [188]

Answer:

Consider the following explanation

Explanation:

a) J. Crew is issuing its catalogs monthly in response to inflation. This will incur cost and it is known as 'Menu Cost'.

b) Grandpa has bought annuity which has promised $10,000 a year for the rest of his life. However, higher than expected inflation means grandpa has lesser purchasing power. This is loss of purchasing power and also 'redistribution cost'. In higher inflation borrower tends to get benefit. Here insurance company is at the gain.

c) Maria is witnessing loss of purchasing power because of hyper inflation. In such scenario, cost keeps rising and product's price could be higher a few hours later. This was witnessed in Germany as well as in Zimbabwe. People run to the stores as soon as they get cash or salary. It is known as 'shoe leather cost'. People make frequent trips to banks or stores but do not keep cash in fear of losing value.

d) Gita actually earned only 5% on her portfolio but as her income is in taxable bracket so she has to pay 20% tax. Her income from portfolio not even compensated inflation. This is a redistribution cost and also known as fiscal drag. More people fall into bracket because higher nominal income but real income is neglected which makes people worse off.

e) Father thinks that son is earning far more than him but inflation over the period of time erodes purchasing power and it could be possible that current income might be lower, same or higher comparing to inflation data. However, if it is lower then it is obviously loss of purchasing power.

5 0
3 years ago
Four types of visual aids<br>​
lord [1]

Answer:

FOUR types of visual aids are, but not limited to, physical samples, models, handouts, pictures, videos.

3 0
2 years ago
Halloween costume makers and retailers make generous profits from selling costumes that allow their wearers to be indian princes
goldenfox [79]

Answer:

Cultural appropriation

Explanation:

Cultural appropriation is a tradition and a system where one culture is adopted by individuals from another culture. This can be questionable when individuals from a prevailing society try to adopt a culture that is not so prevailing and when its a minority culture. And evidently cultural appropriation  is different from cultural exchange and there are different aspects that are debatable.

6 0
3 years ago
Other questions:
  • The worst possible consequence of conflict is ______.
    7·2 answers
  • An energy efficiency project has a first cost of $400,000, a life of 10 years, and no salvage value. Assume that the interest ra
    14·1 answer
  • What do you call an agreement made between different companies to charge the same amount for products?
    8·2 answers
  • Kamal lives with his extended family consisting of his grandparents and parents. Kamal's decisions ensure that his personal iden
    7·1 answer
  • Which of the following statements about Generally Accepted Audit Standards are true?
    12·1 answer
  • Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $12,300
    14·1 answer
  • Golddex Corporation has decided to sell some old equipment to make room for a new project. The salvage value of the equipment is
    12·1 answer
  • The​ ____________ concept is based on the​ development, design, and implementation of marketing​ programs, processes, and activi
    10·1 answer
  • If a 10 percent increase in income induced a group of consumers to reduce their yearly purchases of eggs by 5 percent, for these
    11·1 answer
  • Bondholders tend to offset the effects of selfish strategies implemented by shareholders by: Multiple Choice increasing the inte
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!