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...
-
How do organizational skills correlate with systems thinking in a corporate setting, and what is the role of feedback loops in maintaining effective organizational structures ?
-
Explain each of the relationships outlined in the quadrants in Figure 10.1 (page 239). Detail the actions that would lead to a favourable change in direction in each of the four relationships...
-
Kate's Kite Company (a corporation) sells and repairs kites from manufacturers around the world. Its stores are located in rented space in malls and shopping centers. During its first month of...
-
What innovative methodologies can leaders employ to cultivate a diverse and inclusive workforce, thereby capitalizing on the manifold perspectives and experiences to foster creativity and drive...
-
Alexander Smith and his wife Allison are married and file a joint tax return for 2021. The Smiths live at 1234 Buena Vista Drive, Orlando, FL 32830. Alexander is a commuter airline pilot but took 6...
-
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...
-
Is reporting a measured mass as 580. g the same as reporting it as 580 g? Explain.
-
In Exercises 2932, match the viewing rectangle with the correct figure. Then label the tick marks in the figure to illustrate this viewing rectangle. a. b. d.
-
During the rebalancing discussion, which behavioral bias does Neal exhibit? A. Framing bias B. Loss aversion C. Representativeness bias
-
Jo Akumbas portfolio is invested in a range of developed markets fixed-income securities. She asks her adviser about the possibility of diversifying her investments to include emerging and frontier...
-
Given McCalls IPS recommendation, the most appropriate new strategic asset allocation for the KCPF is: A. 40% stocks/60% bonds. B. 65% stocks/35% bonds. C. 75% stocks/25% bonds. lsbeth Quinn and Dean...
-
1. How well did Sarahs Snacks fit Nadler and Tushmans congruence model before it began its organizational change? 2. Why have the changes at Sarahs Snacks not produced the expected results? 3. What...
-
Record the following transactions in the sales journal: Jan. 15 Jan. 22 Jan. 27 Invoice # 325, sold goods on credit for $2,400, to Maroon 4, account # 4501 Invoice #326, sold goods on credit for...
-
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...
-
An object is moving with an initial velocity of 4 0 m / s west. If it has a constant acceleration of 6 m / s ^ 2 due east, what is its velocity after 5 seconds? How long did it move at that time?
-
Haliburton Mills Inc. is a large producer of men's and women's clothing. The company uses standard costs for all of its products. The standard costs and actual costs for a recent period are given...
-
A block with a mass of 11 kg is placed on a inclined plane with an angle of inclination of 45 degrees. The coefficient of kinetic friction between the block and the surface is 0 . 2 . a . Calculate...
Study smarter with the SolutionInn App