Question

indiana instruments sells handheld communication devices for $75 during august as a back-to-school special. the normal selling price is $125. the standard variable cost for each device is $95. sales for august had been budgeted for 400 units nationwide; however, due to the slowdown in the economy, sales were only 300. the sales volume variance is:

Answer 1

Due to the slowdown in the economy, sales were only 300. the sales volume variance is $12,500 U.

=(AP - BP) x AQ

=($75 - $125) x 300

=$15,000 U

Sales volume variance

=(AQ - BQ) x BP

=(300 - 400) x $125

=$12,500 U

An economic system encompasses all of the activities associated with the manufacturing, consumption, and alternative of goods and offerings in an entity, whether the entity is a kingdom or a small town. No economies are equal. every is fashioned according to its own assets, tradition, legal guidelines, history, and geography.

• A distinguished instance of an economy is the conventional economy that encompasses the customs and records of a kingdom to guide the production and distribution of goods. conventional economies are frequently based on agriculture, fishing, and searching.
• financial structures can be categorized into four fundamental kinds: traditional economies, command economies, mixed economies, and marketplace economies.

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