Oxford Co Produces and Sells Two Lines of T-Shirts, Classic and and Mod

question 129

Essay

Oxford Co. produces and sells two lines of t-shirts, Classic and Mod. Oxford provides the following data. Compute the sales price and the sales volume variances for each product.
$\begin{array}{|c|c|r|}\hline&\text { Budget } & \text { Actual }\\ \hline\text { Unit sales price-Classic.... } & \$ 15 & \$ 16 \\\hline \text { Unit sales price-Mod ...... } & \$ 20 & \$ 19 \\\hline \text { Unit sales-Classic........ } & 2,400 & 2,500 \\\hline\end{array}$

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Definitions:

Manufacturing Process

A series of steps that transform raw materials into finished goods.

TMC Wheel End Adjustment

A procedure or set of guidelines issued by the Technology & Maintenance Council for adjusting the wheel end of a vehicle to ensure proper alignment and performance.

Preload Drag

A condition characterized by friction and drag in machinery components, typically bearings, caused by an applied preload force to ensure clearance elimination and precise operation.

Endplay

Linear play in a shaft, wheel, or rotor. The slang term for this, slop, describes the condition well. Some OEMs use the term axial slop to describe endplay.