Compute the monthly bonus, B, paid to an automobile dealership using the following formulas: B = b1
Question:
B = b1 Ŷ + b2(Y – Ŷ), for Y ≥ Ŷ
B = b1 Ŷ – b3(Ŷ – Y), for Ŷ > Y
Where
b1 = $100 per car
b2 = $70 per car
b3 = $150 per car
Ŷ = forecasted sales of cars (in units)
Y = actual number of cars sold.
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Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
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