Pierce Enterprises has four operating divisions that reported the following results for 20x6. REQUIRED: a. Compute the
Question:
Pierce Enterprises has four operating divisions that reported the following results for 20x6.
REQUIRED:
a. Compute the variances by line item for Pierce Enterprise’s four divisions and company total.
b. Which divisions are performing better than expected?
Transcribed Image Text:
Pierce Enterprises (stated in millions) Line Item Division A Division B Division C Division D Pierce Enterprises Actual Budget Actual Budget Actud Budget Actud Budget Actual Budget Sales $54.5 $58.3 $65.8 $62.3 $38.5 $34.2 $98.9 $86.5 $257.7 $241.3 Less: Cost of Goods Sold $26.2 $27.4 $33.6 $34.4 $18.1 $16.4 $44.5 $40.7 122.3 $118.9 Gross Margin $28.3 $30.9 $32.2 $27.9 $20.4 $17.8 $54.4 $45.8 $135.4 $122.4 Less: SG&A $15.0 $15.8 $15.5 $13.1 $10.6 $9.1 $26.7 $21.1 $67.8 $59.0 Income Before Tox $13.3 $15.1 $16.8 $14.8 $9.8 $8.7 $27.7 $24.8 $67.6 $63.4
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
variance analysis Pierce Enterprises in millions Division Line Item Budget Actual Variance A Sales 5...View the full answer
Answered By
Chandrasekhar Karri
I have tutored students in accounting at the high school and college levels. I have developed strong teaching methods, which allow me to effectively explain complex accounting concepts to students. Additionally, I am committed to helping students reach their academic goals and providing them with the necessary tools to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Managerial Accounting An Integrative Approach
ISBN: 9780999500491
2nd Edition
Authors: C J Mcnair Connoly, Kenneth Merchant
Question Posted:
Students also viewed these Business questions
-
Doggone, Inc., has four operating divisions that reported the following results for 20x6. REQUIRED: a. Compute the variances by line item for Doggone, Inc.s four divisions and company total. b. Which...
-
Best of Luck, Inc., reported the following results for 20x6 for its three operating divisions. REQUIRED: a. Compute the sales volume and sales price variances for the three divisions of Best of Luck,...
-
The 2007 Current Population Survey reported the following results on U.S. annual household income (in thousands). The survey is a joint effort between the Census Bureau and the Bureau of Labor...
-
In Exercises show that the function y = (x) is a solution of the differential equation. y = 4e-x y" - y = 0
-
What conclusions concerning stakeholder management priorities can you draw from the stakeholder map of Figure 4.4? How might your conclusions be different if Smit and his associates had established...
-
What is the test statistic? The mean speeds of fastball pitches from two different baseball pitchers are to be compared. A sample of 14 fastball pitches is measured from each pitcher. The populations...
-
If you wanted to establish a homeless shelter in your community, what are the decisions and choices you would have to make along the way?
-
Mike Greenberg opened Kleene Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 12,000 shares of common stock for $12,000 cash. 1 Purchased...
-
Elenor Company has provided the following data for maintenance cost Data for Electricity Cost Last Year: Units Produced: 20,000 units Electricity Cost: $40,000 This Year: Units Produced: 25,000 units...
-
On January 1, Year 1, Garrett Enterprises has a piece of equipment with a cost of $950,000 and a fair value of $950,000. On that date, Garrett Enterprises leases the asset to Sowell Company for a...
-
Bent Rods, Inc., repairs engine rods of various types for diesel motors. The company is one of the few in its industry to do these repairs, so it has a fairly stable customer flow. That said, the...
-
What does the term management-by-exception mean and how is it used?
-
In Exercises 1 through 10, determine intervals of increase and decrease and intervals of concavity for the given function. Then sketch the graph of the function. Be sure to show all key features such...
-
Linda owns a fashion store for women, and her main focus is on providing quality customer service. She trains her staff to treat customers with utmost care and to provide them with reliable fashion...
-
This is not considered sexual abuse because there was no action on the caretaker's part. You could inform the parents that the child told you about viewing pornography in their home. Schedule a time...
-
Equipment with a cost of $678,700 has an estimated residual value of $72,700, has an estimated useful life of 30 years, and is depreciated by the straight-line method. a. Determine the amount of the...
-
How do changes in the federal funds rate set by central banks influence the term structure of interest rates, and what does the yield curve reveal about market expectations for future economic...
-
Big Blue University has a fiscal year that ends on June 3 0 . The 2 0 2 2 summer session of the university runs from June 8 through July 2 9 . Total tuition paid by students for the summer session...
-
What is meant by transparency in the context of trading stocks on an exchange?
-
C- Consider the following scenario:- A supermarket needs to develop the following software to encourage regular customers. For this, the customer needs to supply his/her residence address, telephone...
-
Mooring and Associates provides wetlands design and maintenance services for its customers, most of whom are developers. Billing is based on costs plus a 30 percent markup. Thus, costs are allocated...
-
Black Oak Company identified the following activities, estimated costs for each activity, and identified cost drivers for each activity for this coming year. (These are the first three steps of...
-
Fine Finishing, Inc., produces a wood desk that sells for $500 and a wood table that sells for $900. Last year, total overhead costs of $6,000,000 were allocated based on direct labor costs. Direct...
-
Imagine a firm with the first year FCF of $50M. This firm's FCFs are expected to grow 8% per year until the end of year 4. Starting from year 5, the FCF growth rate will be 2% per year perpetually....
-
Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2022. In the process of setting up the business, Karane has acquired various types of assets. Below...
-
In this question you will be calculating two stock portfolio (META and AMZN) and (META and MS) weighted annual returns. Weights are: 100%, 90%, 80%, 70%, 60%, 50%, 40%, 30%, 20%, 10% and 0%. Note: if...
Study smarter with the SolutionInn App