Felicidade PLC manufactures a detergent in one of its factories. The information for the year to 30
Question:
Felicidade PLC manufactures a detergent in one of its factories. The information for the year to 30 June 20X5 was as follows:
The standard cost of manufacturing a litre was £3.10.
Calculate the price and volume variances for the year.
Transcribed Image Text:
Sales in litres Sales in £ Budget 80,000 480,000 Actual 75,000 480,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
To calculate the price and volume variances for the year you can use the following formulas Price Va...View the full answer
Answered By
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable.
In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals.
Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
Cryptic plc extracted its trial balance on 30 June 20X5 as follows: The following information is relevant: (i) The company discontinued a major activity during the year and replaced it with another....
-
In February 2019, Wall Corp decided to sell its entire Plant division. The Plant division was a major part of Wall Corp's business and the sale will result in a strategic change in direction for the...
-
As shown in Fig. 4.60, a horizontal beam is hinged to the wall at point A. The length of the beam is 1 = 2 m and it weighs W = 150 N. Point C is the center of gravity of the beam and it is...
-
True or False: 1. If, at a monopolists profit-maximizing price and output, the price is greater than average total cost, the monopolist is generating economic losses. 2. Economic profits cannot...
-
The ledger of American Company has the following work in process account. Production records show that there were 400 units in the beginning inventory, 30% complete, 1,600 units started, and 1,700...
-
Consider the following "case-control" sample selection method for binary dependent variables. Intuitively, if we are working with a problem in which the event of interest is rare, we want to make...
-
The county assessor of McClain County wants to hire an assistant whose job will involve extensive travel. She would like to give applicants for the position a fair idea of the average time that they...
-
The grain stored inside a cylindrical silo is transferred to a transport container in the shape of a triangular prism. The container's triangular base has side lengths 5.8m, 5.8m, and 8.1m and height...
-
Sebastian Trains Co (ST) is a UK based rail operating company which holds three UK rail franchises. The franchises allow ST to run trains on the rail network in a particular geographical area within...
-
The following data was collected for Metal Chain Ltd for the year ended 31 October 20X8. Calculate the price, volume and mix variances for the year. Budget Budget selling sales units Product price A...
-
The Morningside Company Ltd had the following results for the year to 31 December 20X7. A single product a woggley was made by the company. The standard cost of manufacturing each unit was 2.20....
-
The plastic arrow on a spinner for a child's game stops rotating to point at a color that will determine what happens next. Which of the following probability assignments are legitimate?...
-
Using the articles provided in bold below what trends seem to emerge from the public health workforce literature over the last 10 years? What are the most critical issues facing the public health...
-
What are the most critical issues facing the public health workforce today? How is the current pandemic showing some of these shortcomings? What are some solutions to the workforce problems?
-
What are the barriers to forgiveness. examples. what are the types of third party intervention? what are the steps to reconciliation? Discuss.
-
You are the Public Information Officer for a small company and responsible for communication distribution for your organization. Answer the question below. If you were to send an immediate...
-
You are the Divisional Lead of Human Resources at a large international mining firm with operations located throughout the world. The senior leadership team wants to move away from providing a 100%...
-
One question from the Sullivan Statistics Survey was How many credit cards do you currently have? This question was asked of only those individuals who have a credit card. Answer the following...
-
Willingness to pay as a measure of a person's value for a particular good measures the maximum a person would be willing to pay requires that payment actually be made depends on the satisfaction that...
-
What are the four perspectives of the balanced scorecard?
-
What are the advantages of an ERP system over the legacy MRP system?
-
The percent of the total variance that can be explained by the regression equation is a. 99.724% b. 69.613% c. 80.982% d. 99.862% e. None of the above (CMA Adapted) Armer Company, which is...
-
. An engineer is investigating energy loss through windows. The windowpane of interest is 0.350 cm thick, has dimensions of 0.99 m x 1.75 m, and has a thermal conductivity of 0.8 W/(m C). On a given...
-
15. A 1500-kg car making a turn on a dry banked highway ramp with angle of inclination of 10 is experiencing friction. The coefficient of static friction between the tires and the road is 0.40. Draw...
-
If a car is moving at 27 m/s, and begins slowing down at a rate of -3.7 m/s^2, how far will it go before it reaches a stop? (Numerical answer is assumed to be in meters.)
Study smarter with the SolutionInn App