PH Ltd. furnishes the following information relating to budgeted sales and actual sales for April. Calculate the

Question:

PH Ltd. furnishes the following information relating to budgeted sales and actual sales for April. image text in transcribed

Calculate the following variances:
(1) Sales quantity variance, (2) Sales mix variance, (3) Sales price variance, and (4) Total sales variance.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Management Accounting Text Problems And Cases

ISBN: 9781259026683

6th Edition

Authors: M Y Khan, P K Jain

See More Books

Question Posted: Mar 08, 2024 11:00 PM

See More Questions

XYZ Ltd provides the following information relating to budgeted sales and actual sales for February, 2023. Calculate the following variances : (a) Sales quantity variance (b) Sales Mix Variance (c)...
A customer has a savings account with a balance of $10,000 in a bank that pays an annual interest rate of 2%. If the interest is compounded quarterly, calculate the amount of interest earned on the...
During 2011, Harold Hartman lived with (in his 1bedroom house) and supported Susan Hunter, an unrelated 19- year-old woman to whom he is not married. Susan's only income was $3,600 from waitressing...
Find each limit in Problems 3760. Note that LHpitals rule does not apply to every problem, and some problems will require more than one application of LHpitals rule. lim x 3 x + 3xx - 3 X x + 6x + 9
How would you characterize the strategy of competing internationally that Siemens was pursuing prior to the arrival of Peter Lscher? What are the benefits of this strategy? What are the costs? Why...
Terrorism-related stress tends to foster negative attitudes towards the local population and this may compound the adjustment problems of the expatriate and family. How can a multinational help deal...
Northern Group, Inc., is a Wisconsin corporation that contracts with manufacturers and suppliers to develop marketing strategies and promotions to third-party retailers. In exchange for these...
Johnson Chemicals is considering two options for its supplier portfolio. Option 1 uses two local suppliers. Each has a unique- event risk of 5%, and the probability of a super- event that would...
Complete the table for the point (2, 2). f(x) (2, 2) f(2x) 6f(2x) 6f(2(x+1))- -3
From the following budgeted and actual figures, calculate and present the variances in respect of profit on sales and cost of sales. Budget: Sales, 2,000 units @ 15 each Cost of sales @ 12 each...
From the following details, reconcile the budgeted sales with actual sales and standard profit with actual profit in terms of variances: Products Budgeted Actual Quantity Selling price Cost Quantity...
An audit associate is preparing an audit program for the audit of a clients inventory purchases transactions. To gather evidence in support of the cutoff assertion, the associate included the...
Declare an instance of DataManager at the FXMainPane class level so that its scope extends throughout the class. Instantiate it in the constructor. To set the buttons to respond to mouse-clicks,...
A potential creditor of ABC Company will use the financial statements to determine whether or not to lend money to ABC Company. Which concept will be most important to this creditor? Select answer...
Why is accrual accounting more complex?
Compliance requirements for Plan and prepare to perform construction calculations to determine carpentry material requirements,
1. A student sees a newspaper ad for an apartment that has 1330 square feet (ft) of floor space. How many square meters of area are there? Answer: 124 m 2 2.Bicyclists in the Tour de France reach...
A system consists of three particles A, B, and C. We know that mA = 3 kg, mB = 2 kg, and mC = 4 kg and that the velocities of the particles expressed in m/s are, respectively, vA = 4i + 2j + 2k, vB =...
Listed below are common types of current liabilities, contingencies, and commitments: a. Accounts payable b. Bank loans and commercial paper c. Notes payable d. Dividends payable e. Sales and excise...
How does gross margin differ from gross profit? From net profit?
Explain the similarity between markups and gross margin. What connection do markdowns have with the operating statement?
Compare and contrast return on investment (ROI) and return on assets (ROA) measures. Which would be best for a retailer with no bank borrowing or other outside sources of funds (that is, the retailer...
Explain what we mean by encryption and decryption show how they are connected with encryption techniques.
Evaluate California law A.B. 2222. Does it go too far in protecting the rights of employees with disabilities? Solve Break into two groups, with one arguing the need for the provision of the law and...
What types of positions in what types of industries might each of the eighteen inventories be used to assess? Explain the relationship between training and organizational development. How might each...

PH Ltd. furnishes the following information relating to budgeted sales and actual sales for April. Calculate the

Question:

Budgeted Actual sales A B Product Sales quantity (units) 1,200 Selling price per unit 15 800 CABC 2,000 880 880 2,640 28 20 40 18 20 38

Step by Step Answer:

Management Accounting Text Problems And Cases

Students also viewed these Business questions