Find Data for Profit Variance Analysis Required Find the values of the missing items (a) through (x).
Question:
Find Data for Profit Variance Analysis
Required
Find the values of the missing items (a) through (x). Assume that actual sales volume equals actual production volume. (There are no inventory levelchanges.)
Transcribed Image Text:
Flexible Income (based or volume Variance based orn Marketing and Sales on actual Sales budgetecd actual sales Manufacturing Administrative Price sales Activity sales Varance Variance volume) Variance volume) (b) 000 F 6, 5 Sales revenue.--.-- $2,250F (h) $18,750 Variable manufactuning $12,000 $10,000 costs .. Variable marketing and $2,700 3,000 $600 U administrative costs $1,125 U 250 F (x) $7,500 (k) 6,250 Fixed manufacturing costs Fixed marketing and costs. 2,250 $ 1,875 Operating profit. $2,250 F 2,500 ()
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
Computations a 6000 units see b b 6000 units 5000 units 1000 F units c 2500 18750 10000 6250 d 3125 ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Question Posted:
Students also viewed these Managerial Accounting questions
-
Find Missing Data for Profit Variance Analysis Required Find the values of the missing items (a) through (q). Assume that the actual sales volume equals actual production volume. (There are no...
-
Find the values of the missing items (a) through(q). Purchasing Marketing Actual Results, Production Administrative Price Budget Volume Master Sales Flexible SBudget, and and 800 750 Units Variances...
-
Find the values of the missing items (a) through(u). Achieved Cost and Flexible Budget Based on Sales Master Budget Based on Sales Variance 2,000 F G) Based on Actual Sales PriceActual Sales Volume...
-
Which of the following expressions correctly returns an integer that represents the month of a Local Date object named hireDate? a. GetMonth(hireDate) b. GetMonthValue(hireDate) c....
-
Atlantic Pacific Corporation was organized on September 1, 2013, with authorized capital stock of 150,000 shares of 7% cumulative preferred stock with a $40 par value and 1,000,000 shares of no-par...
-
Can you prove (10a)(10c) for 3 3 matrices? For m n matrices?
-
Use invariants to find the optimum lamina orientation for maximizing the shear stiffness \(\bar{Q}_{66}\), then find the corresponding maximum shear stiffness in terms of invariants.
-
Lill & Dil Co. reports net income of $28,000. Interest allowances are Lill $7,000 and Dil $5,000; salary allowances are Lill $15,000 and Dil $10,000; the remainder is shared equally. Show the...
-
1) Leadership and management are very important vital components to an effective functioning organization so that people in the organization are inspired, managed and guided towards a common vision....
-
The accounting records of Blue Bird Co. showed the following balances at January 1, Year 2: Cash..............................................................................................$30,000...
-
Find Missing Data for Profit Variance Analysis Requirement : Find the values of the missing items ( a ) through ( q ). Suppose that the actual sales volume equals actual production volume. Income...
-
A new CEO has come in from the outside to turn struggling Doak Industries into a profitable organization. Relying on market research, she wanted to focus production on the two specific product lines...
-
In Exercise 20, would it be unusual for a resident to not watch any movie in a week at all? Explain your reasoning. Data from Exercises 20 The number of movies watched by the residents of a locality...
-
A (a cash-basis individual) forms JUF Corporation by transferring $50,000 cash in exchange for $50,000 of stock. B (a cash-basis individual) transfers two assets: (1) a capital asset with a basis of...
-
On April 7, 2023, an auditor noticed that UGL Inc. accidentally recorded a rent expenditure of $41,000 as an expense instead of as prepaid. The purchase was made on the last day of the 2022 fiscal...
-
Nortex Chemicals, Inc. is involved in the natural gas processing industry in the Texas Panhandle. One of its primary operations involves purchasing large tanks, each roughly the size of a rail car,...
-
1. An optometrist has very limited space in her office. The office is 5.0 m in length, but the eye chart has directions that state that the patient must be 8 m away from the chart. How does the...
-
A-7 HILBERT TRANSFORM PAIRS+ Definition of Hilbert Transform: x(t) = x(t) * Function 1. x(at + b) 2. x(t) + y(t) dnx(t) 3. dtn 4. A constant 5. 1 t 6. sin (wot + 0) 7. sin at at 8. ejwot 9. 8 (t) =...
-
Why do people value each unit of a good by its marginal value?
-
Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands...
-
What assumptions have to be true for there not to be a saddle point solution? Show that the two largest entries must be diagonally opposite each other. Payoffs Rose R1 R2 C1 a b Colin C2 C d
-
Yarra Fabrication estimates that its manufacturing overhead will be $2,240,000 in year 1. It further estimates that direct material costs will amount to $1,400,000. During July, Yarra worked on four...
-
Refer to the information in Exercise 7-31. Prepare an entry to allocate the over- or underapplied overhead. Overhead applied in each of the inventory accounts is as follows. Work-in-process inventory...
-
Mary?s Landscaping uses a job order cost system. The following debits (credits) appeared in Work-in-Process Inventory for August. Mary?s applies overhead to production at a predetermined rate of 80...
-
1. A car accelerates from rest to 16.21 meters per second in 7.66 seconds. What is the car's rate of acceleration in meters per second squared? Round your answer to two decimal places. 2. If the...
-
The debits to Work in Process-Roasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 800 pounds,...
-
Solve these equations Sy = b with 81, 82, 83 in the columns of S: 0 0 10 Y2 100 0 1998-8-1988-8 and S is a sum matrix. The sum of the first 5 odd numbers is ][
Study smarter with the SolutionInn App