8.31 Select Auto Imports is a regional auto dealership that specializes in selling high-end imported...
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8.31 Select Auto Imports is a regional auto dealership that specializes in selling high-end imported luxury automobiles. Budgeted and actual financial data for the most recent month of operations are presented below: Sales (# of cars) Sales price per car Variable cost per car Fixed costs Static Budget 60 $50,000 $40,000 $350,000 Actual Results 70 $45,000 $40,000 $350,000 Required: a. What is Select Auto Imports total profit variance? b. Calculate Select Auto Imports' sales volume variance and sales price variance. c. What factor might explain the sales volume and sales price variances you calculated in part [b]
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