From the following data for a particular period, compute sales and profit variances: Budgeted sales: Actual sales:
Question:
From the following data for a particular period, compute sales and profit variances:
Transcribed Image Text:
Budgeted sales: Actual sales: X, 3,000 units @ Y, 2,000 units @ X, 4,000 units @ Y, 2,500 units @ 20 (standard cost 12) 10 (standard cost 6) 18 each 11 each
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Gabriela Rosalía Castro
I have worked with very different types of students, from little kids to bussines men and women. I have thaught at universities, schools, but mostly in private sessions for specialized purpuses. Sometimes I tutored kids that needed help with their classes at school, some others were high school or college students that needed to prepare for an exam to study abroud. Currently I'm teaching bussiness English for people in bussiness positions that want to improve their skills, and preparing and ex-student to pass a standarized test to study in the UK.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
Question Posted:
Students also viewed these Business questions
-
Explain how brand persona, buyer/consumer persona, and positioning statement relate to one another?
-
Multiple Choice Questions 1. For a statement of cash flow, calculate the cash paid for inventory purchased. Beginning balance of creditors $31 000 Ending balance creditors 35 000 Cost of goods sold...
-
1. How should the balances of Progress Billings and Construction in Progress be shown at reporting dates prior to completion of a long-term contract a. Progress billings as income, construciton in...
-
Calculate the heat released as 35.5 g of copper (0.0920 cal/g x C) cools from 50.0 C to 25.0 C.
-
Does the "power and accountability" initiative imply that Siemens will ignore national and regional differences?
-
What is the speed of the anther sac as it releases its pollen? A. \(3.5 \mathrm{~m} / \mathrm{s}\) B. \(7.0 \mathrm{~m} / \mathrm{s}\) C. \(10 \mathrm{~m} / \mathrm{s}\) D. \(14 \mathrm{~m} /...
-
Supranational organizations such as the World Bank (www.worldbank.org) and the World Trade Organization (www.wto.org) oversee much of the legal framework within which the world trading system...
-
The stockholders equity for Dairy Place Drive-Ins (DP) on December 31, 2012, follows: On April 16, 2013, the market price of DP common stock was $20 per share. Assume DP distributed an 18% stock...
-
r 7 John's Specialty Store uses a perpetual Inventory system. The following are some inventory transactions for the month of May 1. John's purchased merchandise on account for $5,600. Freight charges...
-
From the following information, calculate the various sales variances. Product Standard Actual Quantity Price Quantity Price Y |NXX 15,000 9,000 5.00 18,000 5.10 8.00 10,000 7.00 6,000 10.00 5,000...
-
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...
-
(True and False) 1. Fraud auditors should be equally concerned with liabilities being overstated as well as understated. 2. Proactive searching for analytical symptoms means that we are looking for...
-
What could a team leader do to determine whether individuals or teams require extra support?
-
Write a MATLAB script to visualize a parametric surface representing a torus ( doughnut shape ) ?in 3 D space. The parametric equations for a torus with major radius R and minor radius r are given...
-
Read the synopsis just above or next to the video clip, then view the clip in its entirety. here is the link https://broadwayeconomics.com/gaston/ https://broadwayeconomics.com/gaston/. (In some...
-
On your 23rd birthday you decide to invest $4,500 (10% of your annual salary) in a mutual fund earning 7% per year. You will continue to make annual deposits equal to 10% of your annual salary until...
-
The graph of a function f is given. Sketch the graphs of the following transformations of f. y 5 -4 -2 2 4 6 5 00 8 10 10 x
-
As the number of air travelers with time on their hands increases, logic would indicate spending on retail purchases in airports would increase as well. A study by Airport Revenue News addressed the...
-
Outline some of the major problems confronting an international advertiser.
-
Discuss what factors lead to inelastic demand and supply curves. Are they likely to be found together in the same situation?
-
Why would a marketing manager prefer to sell a product that has no close substitutes? Are high profits almost guaranteed?
-
If a manufacturers well-known product is sold at the same price by many retailers in the same co m munity, is this an example of pure competition? When a community has many small grocery stores, are...
-
Duncan Inc. issued 500, $1,200, 8%, 25 year bonds on January 1, 2020, at 102. Interest is payable on January 1. Duncan uses straight-line amortization for bond discounts or premiums. INSTRUCTIONS:...
-
WISE-HOLLAND CORPORATION On June 15, 2013, Marianne Wise and Dory Holland came to your office for an initial meeting. The primary purpose of the meeting was to discuss Wise-Holland Corporation's tax...
-
Stock in ABC has a beta of 0.9. The market risk premium is 8%, and T-bills are currently yielding 5%. The company's most recent dividend is $1.60 per share, and dividends are expected to grow at a 6%...
Study smarter with the SolutionInn App