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True [87]
3 years ago
10

A company had a standard sales price of $1.79 per unit and expected to sell 10,000 units. Due to a downturn in the economy, the

product was marked down to $1.59 per unit and the company only sold 9,500 units. Calculate the sales price variance.
Business
1 answer:
Sloan [31]3 years ago
4 0

Answer:

Sales price variance = $1,900.

Explanation:

We know,

Sales price variance = (Standard sales price - Actual sales price) × Actual sales quantity

Given,

Standard sales price = $1.79 per unit.

Actual sales price = $1.59 per unit.

Actual sales quantity = 9,500 units.

Putting the values into the formula, we can get

Sales price variance = (Standard sales price - Actual sales price) × Actual sales quantity

or, Sales price variance = ($1.79 -  $1.59) × 9,500

or, Sales price variance = $0.2 × 9,500

or, Sales price variance = $1,900.

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It is wrong under the ethics code to ignore a clear sign that an intervention is required be it in business decision making or in this case, construction. It is your obligation to report any abnormality noticed to the supervisor in charge.

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3 years ago
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11Alexandr11 [23.1K]

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3 years ago
Being intellectually alert helps leaders exert influence through logical persuasion. Formal ______ helps a person develop logica
Vera_Pavlovna [14]

Answer:

a. Education

b. Experience

c. Mentoring

Explanation:

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So, Formal education helps a person to develop logical skills.

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According to the given situation, experience helps a person develop skills and knowledge he or she would not have otherwise.

c. A mentor helps a person learn the skills to achieve his or her destination. or we can say that the "mentor" is an experienced person who shares information, expertise, and guidance with a less experienced person.

So, according to the given situation Manager is coached to Shawn to develop skills so that manager can boost Shawn career. Shawn's Manager is engaged in Mentoring.

6 0
3 years ago
Bakers corp will pay a dividend of 5.15 8.05 and 11.25 per share for each of the next three years respectively. the company will
Pani-rosa [81]

Answer: $19.40

Explanation:

Based on the information given in the question, the following can be deduced:

D1 = $5.15

D2 = $8.05

D3 = $11.25

Rate of return = 11% = 0.11

The current stick price will be calculated as:

= 5.15/(1 + 0.11) + 8.05/(1 + 0.11)^2 + 11.25/(1 + 0.11)^3

= 5.15/1.11 + 8.05/(1.11)^2 + 11.25/(1.11)^3

= $4.64 + $6.53 + $8.23

= $19.40

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3 years ago
How do price changes drive markets toward equilibrium?
Bess [88]
1. b, the price mechanism would adjust itself in a free market
2. c, they sell almost identical products
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3 years ago
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