In a recent year, BMW sold 216,944 of its 1 Series cars. Assume the company expected to
Question:
In a recent year, BMW sold 216,944 of its 1 Series cars. Assume the company expected to sell 225,944 of these cars during the year. Also assume the budgeted sales price for each car was $30,000, and the actual sales price for each car was $30,200. Compute the sales price variance and the sales volume variance.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 86% (15 reviews)
Sales Units Price per unit Total dollars Actual 216...View the full answer
Answered By
David Ngaruiya
i am a smart worker who concentrates on the content according to my clients' specifications and requirements.
4.50+
7+ Reviews
19+ Question Solved
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Managerial Accounting questions
-
For automobile accidents in a recent year in Maine, injuries occurred to 3865 of 30,902 subjects not wearing seat belts, and to 2409 of 37,792 subjects wearing seat belts. Find and interpret the...
-
In a recent year 8,073,000 male students and 10,980,000 female students were enrolled as undergraduates. Receiving aid were 60.6% of the male students and 65.2% of the female students. Of those...
-
In a recent year Ives Township acquired six police cars at a total cost of $200,000. The vehicles are expected to have a useful life of four years. 1. Prepare the journal entries that the township...
-
All organizations incur non value added costs. Eliminating or reducing non value added costs is the responsibility of managers. Using the Activity Based Management approach and focusing on the...
-
Sheryl's grandfather told Sheryl that 50 years ago the average cost of a new car was only $1.000, while today the average cost is S18.000. What continuous interest rate over the past 50 years would...
-
Prove the following identities. Assume that is a differentiable scalar-valued function and F and G are differentiable vector fields, all defined on a region of R 3 . V(F G) (GV)F+ (FV)G + GX (VX F)...
-
Bailey Stokes uses a purchases journal, a cash payments journal, a sales journal, a cash receipts journal and a general journal. Indicate in which journals the following transactions are most likely...
-
Axis Systems specializes in servers for work- group, e-commerce, and enterprise resource planning (ERP) applications. The company's original job cost system has two direct cost categories: direct...
-
n 1 1. lim tantan is equal to 004-1 1+r+r2 2. 3. If the least and the largest real values of a, for which the equation z + a |2-1+21=0(z=C and i=1) has a solution, are p and q respectively, then 4(p...
-
A 2 -year bond with a semiannual coupon rate of \(4 \%\) per annum is trading at par \((100 \%)\). (a) What is its spot semiannual yield? (b) Assume one can borrow at \(3 \%\) p.a. simple interest...
-
Refer to information in QS 24-19 . Compute the volume variance for November. Actual total factory overhead Incurred Standard factory overhead: Varlable overhead Fixed overhead ($12,000/6,000...
-
Mesa Companys fixed budget for the first quarter of calendar year 2011 reveals the following. Prepare flexible budgets following the format of Exhibit 24.3 that show variable costs per unit, fixed...
-
Suppose the current price of gasoline at the pump is $4 per gallon and that 1 million gallons are sold per day. A politician proposes to add a $1 tax to the price of a gallon of gasoline. She says...
-
For a claim of adverse possession to succeed, what four elements must be satisfied?
-
Generally, in a bankruptcy proceeding, any creditors claim is allowed. (True/False)
-
A common carrier is not liable for loss or damage to bailed property in the carriers possession. (True/False)
-
Generally, those who produce personal property have title to it. (True/False)
-
A bankruptcy may be commenced by involuntary petition under Chapter 13. (True/False)
-
Suppose that 35.0 mL of 0.012 m Cu + (aq) is titrated with 0.010 m KBr(aq) at 25C. A copper electrode is immersed in this solution, and its potential is measured relative to a standard hydrogen...
-
SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and Manufacturing Company. Prepare a schedule of cost of goods manufactured for the year ended...
-
The balance in the discount on bonds payable account would usually be reported on the balance sheet in the: a. Current assets section. b. Current liabilities section. c. Long-term liabilities...
-
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. (For specific identification, the March 9 sale consisted of 80 units...
-
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions. (For specific identification, units sold consist of 600 units...
-
A physical inventory of Liverpool Company taken at December 31 reveals the following. Required 1. Calculate the lower of cost or market for the inventory applied separately to each item. 2. If the...
-
Show that for the linear regression model Y = XTB + , the leave-one-out cross validation identity: where H = n (Yi - (-i)) n Yi - i=1 i 2 Hii 2 " X(XX)-XT is the hat matrix and H; is the ith diagonal...
-
DQ: Chapter 3 talks about GDP. If California was a separate country, it would rank as the 5th largest economy after the US, Japan, China, and Germany. Explain what GDP is and how is it different than...
-
then A-1 = Given b= A -13-11 -5 14 -47 1 -3 10 solve Axb using A-.
Study smarter with the SolutionInn App