The actual price for a product was $43 per unit, while the planned price was $39 per unit. The volume increased by 2,980 to 59,690 total units. Determine the (a) the quantity factor and (b) the price factor for sales. a. Quantity factor $fill in the blank 1 b. Price factor $fill in the blank 3

The actual price for a product was $43 per unit, while the planned price was $39 per unit. The volume increased by 2,980 to 59,690 total units. Determine the (a) the quantity factor and (b) the price factor for sales. a. Quantity factor $fill in the blank 1 b. Price factor $fill in the blank 3

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

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a. Quantity factor	$fill in the blank 1
b. Price factor	$fill in the blank 3

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