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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.
Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets?
What is the net worth of the company. Did the net Worth Increase, decrease or remain the samecampared to FY 19X1? Why?
Record the purchase of the drill press and the depreciation expense for the first year under the straight-line and double-declining-balance methods in a financial statement - Compute the depreciation for each of the five years, assuming that the c..
Mondial Corporation's financial accounting records show it had gross revenue of $980,000, cost of goods sold of $420,00, operating expenses of $380,000 and $4,000 of dividends received from a 40% owned company.
on april 1 2014 somers company assigns 200000 of its accounts receivable to third national bank as collateral for a
Vince's assistant manager, an accounting major, has suggested that the firm should try to increase the contribution margin per pizza. Explain the meaning of "contribution margin" in layman's terms.
Lilly County, faced with the prospect of declining revenues, decides it can save money by doing allprinting in-house. ?he county creates the Lilly Printing Fund (an Internal Service Fund)
explain he 4 financial statements (descriptions, contents, forms of presentation).
Research this situation on the internet or through the university library. Write a 400-word paper describing the situation and the implications of the practice including any legal or ethical ramifications.
Elton, Inc., which owes Boston Co. $900,000 in notes payable, is in financial difficulty. To eliminate the debt, Boston agrees to accept from Elton land having a fair market value of $680,000 and a recorded cost of $510,000.
During 20x8, Voss declared and paid dividends of $80,000 on its common stock. Net income for 20x8 amounted to $500,000. The earnings per share (rounded to the nearest cent) for 20x8 are
At an activity level of 6,000 units the cost for maintenance is $7,200 and at 10,000 units the cost for maintenance is $11,600. Using the high-low method, the cost formula for maintenance is:
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