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Terry Auto Imports is a regional auto dealership that specializes in selling high-end imported luxury automobiles. Master budget data and actual results for October are
Terry Auto Imports is a regional auto dealership that specializes in selling high-end imported luxury automobiles. | ||||||||
Master budget data and actual results for October are as follows: | ||||||||
Master budget | Actual Results | |||||||
Sales (# of cars) | 48 | 57 | ||||||
Sales price per car | $50,000 | $45,000 | ||||||
Variable cost per car | $40,000 | $40,000 | ||||||
Fixed costs | $250,000 | $250,000 | ||||||
Terry Auto has 5 summer trainees (Call them A, B, C, D and E). Each has calculated the sales volume variance | ||||||||
and sales price variance for October. Who is right? Select ONE statement. |
A. |
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B. |
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C. |
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D. |
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E. |
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