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Serjik [45]
3 years ago
10

Milltown Company specializes in selling used cars. During the month, the dealership sold 31 cars at an average price of $15,900

each. The budget for the month was to sell 29 cars at an average price of $16,900. Compute the dealership's sales price variance for the month.
Business
1 answer:
wariber [46]3 years ago
8 0

Answer:

The dealership's sales price variance for the month is $31,000 U

Explanation:

In order to calculate the dealership's sales price variance for the month we would have to calculate the following formula:

Sales price variance = Actual quantity sold x (Actual price - Budgeted price)

According to the given data que have the following:

Actual quantity sold=31 cars

Actual price=$15,900

Budgeted price=$16,900

Therefore, Sales price variance = 31 * ($15,900 - $16,900)

Sales price variance = $31,000 U

The dealership's sales price variance for the month is $31,000 U

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The optimal order quantity is 316 pounds

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In order to calculate What daily order quantity is optimal, we have to calculate first The cost of underestimating the demand Cu and cost of overestimating demand Co

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Please write the answer in the same blank format I provided
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The preparation of the Trial Balance of Ceco Co. from the ledger accounts as of June 20, 2020, is as follows:

Ceco Co.

<h3>Trial Balance</h3>

As of June 30, 2020

Accounts                                      Debit            Credit

Cash                                      $5,000.00

A/R - R. Tamo                          3,500.00

A/R - G. Slaught                        1,124.00

A/R - P. Onno                            850.00

Supplies                                  1,585.00

Automobile                         22,800.00

Equipment                          25,350.00

A/P - Batt Inc.                                                 $785.00

A/P - Parker Products                                   1,000.00

A/P - Nishi Co.                                               1,200.00

Bank Loan                                                  25,000.00

C. Hernandez, Capital                               32,224.00

Totals                              $60,209.00    $60,209.00

<h3>What is a trial balance?</h3>

A trial balance is a list of the ledger accounts balances at a particular date of the financial period.

The trial balance helps to show if accounts have been correctly recorded according to the double-entry system.

Thus, the above trial balance shows the ledger accounts balances of Ceco Co as of June 30, 2020.

Learn more about preparing the trial balance at brainly.com/question/13669511

#SPJ1

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1 year ago
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