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If average cost is 423 price is 399 and the number of units sold is 23 what is the loss?
To calculate the loss, subtract the price from the average cost and then multiply by the number of units sold. Here, the loss per unit is (423 - 399 = 24). Therefore, the total loss is (24 \times 23 = 552). Thus, the total loss is $552.
How do you prepare a sales budget?
Number of units to be sold X Selling price per unit
FIFO method Inventory 20 units at 20 sold 10 units purchased 30 units at 21 sold 20 units purchased 10 units at 22 what is the cost of the merchandise sold?
The cost of the merchandise sold is not important!!! :p
What is the formula for Total Revenue and Total Cost?
Total revenue equals the sale price of products multiplued by the total amount of units sold
What is the difference between the selling price and sold price?
You could offer a customer a discount on selling price therefore the price they buy the goods for (sold price) would be less than the selling price
Why is average revenue equal to price when all units of output are sold at the same price?
Average revenue is equal to price when all units of output are sold at the same price because average revenue is calculated by dividing total revenue by the quantity sold. In a scenario where each unit is sold at a uniform price, total revenue is simply the price multiplied by the number of units sold. Therefore, when you divide total revenue by the quantity, the result is the price per unit, making average revenue equal to price. This relationship holds true in perfectly competitive markets where firms are price takers.
If average cost is 423 price is 399 and the number of units sold is 23 what is the loss?
To calculate the loss, subtract the price from the average cost and then multiply by the number of units sold. Here, the loss per unit is (423 - 399 = 24). Therefore, the total loss is (24 \times 23 = 552). Thus, the total loss is $552.
What does a sales volume variance measure?
A sales volume variance measures the difference between the actual quantity of units sold and the budgeted quantity of units sold, multiplied by the standard selling price. It indicates the impact of changes in sales volume on a company's revenue and is used to assess the effectiveness of sales strategies and forecasts.
How can you work out a break even cost in a signage industry?
Consider all your costs, fixed and variable, then subtract your total costs from the product of your income per unit sold multiplied by the units sold. The amount of units sold where this equation equals zero is the break even point.
How do you prepare a sales budget?
Number of units to be sold X Selling price per unit
Suppose that in 2007 Ford sold 500000 Mustangs at an average price of 18800 per car in 2008 600000 Mustangs were sold at an average price of 19500 per car These statements?
And your question is?
What car sold the most in 2009 the US?
Here's the Top 10 Best-Selling Vehicles of 2009 based on Edmunds.com.Toyota CamryNumbers of units sold: 333,937Honda AccordNumbers of units sold: 287,491Ford F-150Numbers of units sold: 283,613Toyota CorollaNumbers of units sold: 252,414Chevrolet Silverado 1500Numbers of units sold: 245,306Honda CivicNumbers of units sold: 244,603Nissan AltimaNumbers of units sold: 194,211Honda CR-VNumbers of units sold: 191,214Chevrolet ImpalaNumbers of units sold: 165,565Ford FusionNumbers of units sold: 165,117The answer to your question is, the Toyota Camry which sold 333,937 units.
Which one of the following is the result of the units sold x actual selling price per unit - units sold x budgeted selling price per unit?
The result of the calculation "units sold x actual selling price per unit - units sold x budgeted selling price per unit" represents the variance in revenue due to the difference between actual and budgeted selling prices. This is known as the revenue variance, which indicates how much additional or reduced revenue was generated compared to what was expected based on the budgeted selling price. A positive result implies higher actual revenue, while a negative result indicates lower actual revenue.
What is the formula for Revenue function?
The revenue function is typically represented as ( R(x) = p \times x ), where ( R(x) ) is the total revenue, ( p ) is the price per unit sold, and ( x ) is the quantity of units sold. This formula indicates that revenue is generated by multiplying the price of each unit by the number of units sold. In more complex scenarios, the price ( p ) may depend on the quantity sold, leading to variations in the formula.
How many Nintendo DSi are sold in a year?
Roughly 1 million Nintendo DSi units are sold each month, if you take an average of 17.8 million units sold between Japan's release in November 2008 and March 2010.
What is the average cost of a new car in the US?
Average price in 2006 was $20,044 for a domestic car. Average price in 2006 for an import was $28,739. Overall average for all cars sold was $22,651.
Why is price per unit equal to the average revenue and marginal revenue of a firm under perfect competition?
Under Perfect competition , Marginal revenue is constant and equal to the prevailing market price, since all units are sold at the same price. Thus in pure competition MR = AR = P.
