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Item 9

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QS 21-21 Sales variances LO A1

In a recent year, BMW sold 217,244 of its 1 Series cars. Assume the company expected to sell 226,344 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 $28,300.

AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the sales price variance and the sales volume variance.