Homework Answers
| Actual Sales | Flexible budget | Budgeted sales | ||||||||
| AQ | AP | AQ*AP | AQ | SP | AQ*SP | SQ | SP | SQ*SP | ||
| 60 | 8700 | 522000 | 60 | 9300 | 558000 | 56 | 9300 | 520800 | ||
| 36000 | 37200 | |||||||||
| Sales price variance | 36000 | Unfavorable | ||||||||
| Sales quantity variance | 37200 | Favorable | ||||||||
| Total Sales variance | 1200 | Favorable | ||||||||
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18 Farad, Inc., specializes in selling used SUVs. During the month, the dealership sold 60 trucks...
Farad, Inc. specializes in selling used trucks. During the month, Farad sold 51 trucks at an...
Farad, Inc. specializes in selling used trucks. During the month, Farad sold 51 trucks at an average price of $9,100 each. The budget for the month was to sell 46 trucks at an average price of $9,500 each. AQ = Actual Quantity SQ Standard Quantity AP = Actual Price SP Standard Price Compute the dealership's sales price variance and sales volume variance for the month and classify each as favorable or unfavorable Achaal Sales Flexible Budget Budgeted Sales
Milltown Company specializes in selling used cars. During the month, the dealership sold 17 cars at an average pric...
Milltown Company specializes in selling used cars. During the month, the dealership sold 17 cars at an average price of $14,500 each. The budget for the month was to sell 15 cars at an average price of $15,500. Compute the dealership's sales price variance for the month. Multiple Choice es $17,000 unfavorable $14,000 favorable. $17,000 favorable. $31000 unfavorable.
Comp Wiz sells computers. During May 2017, It sold 500 computers at a $1,000 average price...
Comp Wiz sells computers. During May 2017, It sold 500 computers at a $1,000 average price each. The May 2017 fixed budget Included sales of 550 computers at an average price of $960 each. AQ - Actual Quantity SQ - Standard Quantity AP = Actual Price SP - Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017 Actual Sales Flexible Budget Budgeted Sales
HOW DO I CALCULATE? Comp Wiz sells computers. During May, it sold 500 computers at a...
HOW DO I CALCULATE?
Comp Wiz sells computers. During May, it sold 500 computers at a $1,000 average price each. The May fixed budget included sales of 550 computers at an average price of $960 each. AQ = Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
Comp Wiz sells computers. During May, it sold 700 computers at a $1,000 average price each. The May fixed budget include...
Comp Wiz sells computers. During May, it sold 700 computers at a
$1,000 average price each. The May fixed budget included sales of
750 computers at an average price of $950 each.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
1&2. Compute the sales price variance and the sales volume
variance for May. Classify it as favorable or unfavorable.
(Indicate the effect of each variance by selecting for favorable,
unfavorable, and no...
ht 1 Assignment Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During Ma...
ht 1 Assignment Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May 2017, it sold 700 computers at a $1,100 average price each. The May 2017 fored budget included sales of 750 computers at an average price of $1,070 each. AQ = Actual Quantity SQ = Standard Quantity AP - Actual Price SP = Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017 Actual Sales Flexible Budget...
QS 21-21 Sales variances LO A1 In a recent year, BMW sold 217,544 of its 1 Series cars. Assume the company expected to...
QS 21-21 Sales variances LO A1 In a recent year, BMW sold 217,544 of its 1 Series cars. Assume the company expected to sell 226,744 of these cars during the year. Also assume the budgeted sales price for each car was $25,000, and the actual sales price for each car was $25,200. 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...
Comp Wiz sells computers. During May 2017, it sold 600 computers at a $700 average price...
Comp Wiz sells computers. During May 2017, it sold 600 computers at a $700 average price each. The May 2017 fixed budget included sales of 650 computers at an average price of $660 each. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017.
what is total sales ? Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz...
what is total sales ?
Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May, it sold 400 computers at a $900 average price each. The May fixed budget Included sales of 450 computers at an average price of $870 each. AC Actual Quantity SQ - Standard Quantity AP - Actual Price SP - Standard Price 182. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable,...
Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May 2017,...
Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May 2017, it sold 700 computers at a $1,100 average price each. The May 2017 fixed budget included sales of 750 computers at an average price of $1,070 each. AQ Actual Quantityl SO-Standard Quantity AP Actual Price SP Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017 Actual Sales Flexible Budget Budgeted Sales
Farad, Inc. specializes in selling used trucks. During the month, Farad sold 51 trucks at an average price of $9,100 each. The budget for the month was to sell 46 trucks at an average price of $9,500 each. AQ = Actual Quantity SQ Standard Quantity AP = Actual Price SP Standard Price Compute the dealership's sales price variance and sales volume variance for the month and classify each as favorable or unfavorable Achaal Sales Flexible Budget Budgeted Sales
Milltown Company specializes in selling used cars. During the month, the dealership sold 17 cars at an average price of $14,500 each. The budget for the month was to sell 15 cars at an average price of $15,500. Compute the dealership's sales price variance for the month. Multiple Choice es $17,000 unfavorable $14,000 favorable. $17,000 favorable. $31000 unfavorable.
Comp Wiz sells computers. During May 2017, It sold 500 computers at a $1,000 average price each. The May 2017 fixed budget Included sales of 550 computers at an average price of $960 each. AQ - Actual Quantity SQ - Standard Quantity AP = Actual Price SP - Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017 Actual Sales Flexible Budget Budgeted Sales
HOW DO I CALCULATE?
Comp Wiz sells computers. During May, it sold 500 computers at a $1,000 average price each. The May fixed budget included sales of 550 computers at an average price of $960 each. AQ = Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
Comp Wiz sells computers. During May, it sold 700 computers at a
$1,000 average price each. The May fixed budget included sales of
750 computers at an average price of $950 each.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
1&2. Compute the sales price variance and the sales volume
variance for May. Classify it as favorable or unfavorable.
(Indicate the effect of each variance by selecting for favorable,
unfavorable, and no...
ht 1 Assignment Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May 2017, it sold 700 computers at a $1,100 average price each. The May 2017 fored budget included sales of 750 computers at an average price of $1,070 each. AQ = Actual Quantity SQ = Standard Quantity AP - Actual Price SP = Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017 Actual Sales Flexible Budget...
QS 21-21 Sales variances LO A1 In a recent year, BMW sold 217,544 of its 1 Series cars. Assume the company expected to sell 226,744 of these cars during the year. Also assume the budgeted sales price for each car was $25,000, and the actual sales price for each car was $25,200. 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...
what is total sales ?
Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May, it sold 400 computers at a $900 average price each. The May fixed budget Included sales of 450 computers at an average price of $870 each. AC Actual Quantity SQ - Standard Quantity AP - Actual Price SP - Standard Price 182. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable,...
Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May 2017, it sold 700 computers at a $1,100 average price each. The May 2017 fixed budget included sales of 750 computers at an average price of $1,070 each. AQ Actual Quantityl SO-Standard Quantity AP Actual Price SP Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017 Actual Sales Flexible Budget Budgeted Sales
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