Fill in boxes that are bolded in blue with arrow in top left corner.

Actual Sales: AQ*AP

Flexible Budget: AQ* SP

Budgeted Sales: SQ*SP

QS 21-21 Sales variances LO A1 In a recent year, BMW sold 227,144 of its 1 Series cars. Assume the company expected to sell 225,644 of these cars during the year. Also assume the budgeted sales price for each car was $28,000, and the actual sales price for each car was $28,500. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the sales price variance and the sales volume variance. Actual Sales Flexible budget Budgeted Sales