Question: From the following data for a particular period, compute sales and profit variances: Budgeted sales: Actual sales: X, 3,000 units @ Y, 2,000 units @

From the following data for a particular period, compute sales and profit variances: Budgeted sales: Actual sales: X, 3,000 units @ Y, 2,000 units @

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

Step by Step Solution

★★★★★

3.33 Rating (153 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Sales variance The difference between the actual sales revenue and the budgeted sales Profit varianc... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Management Accounting 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?

Work with teachers at a local high school or elementary school to identify some students who are having difficulties. Apply quality tools to help find the source of the problems and create an...

2. Give students self-checking or self-editing guides that focus on common mistakes or have them work in pairs to improve each others worksometimes it is difficult to pay attention to your own errors.

Rit Corporation paid $1,372,000 for a 30 percent interest in Tel Corporations outstanding voting stock on April 1, 2011. At December 31, 2010, Tel had net assets of $4,000,000 and only common stock...

What is the exemption period for the substantial presence test for a student who is in the U.S. on an F or J visa? A Any part of five calendar years. B No exemption period is allowed. C Any part of...

Best Buy is the largest consumer electronics retailer in the United States with 2011 sales of more than $50 billion. The company competes aggressively on price with rivals such as Costco Wholesale,...

Imperial Jewelers manufactures and sells a gold bracelet for $189.95. The company's accounting system says that the unit product cost for this bracelet is $149.00 as shown below: Direct materials...

What are domestic and/or international attention due to Parkes Elvis festival media coverage?

2) Draw the Mohr's circle diagram, find the principal stresses (i.e., normal and shear), and determine the angle from the x-axis to the direction of the first principle stress 1. x = 6 MPa, y = -5...

For the beam shown, find the reactions at the supports and plot the shear-force and bending-moment diagrams. V=9 kN, V2= 9 kN, V3=200 mm, and V4 = 1100 mm. Provide values at all key points shown in...

F | Pic 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Chrome File Edit View History Gmail Uplo X W YouTube Ade X 1 = Adeyemi Case Narrative.pdf 2 Maps Bookmarks Profiles Tab Window Ade X...

Which of the following increase when an electron in a lithium atom undergoes a transition from the 1s-orbital to a 2p-orbital? (a) Energy of the electron. (b) Value of n. (c) Value of l. (d) Radius...

The Pletcher Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using...

When managers try to avoid hearsay and make decisions based on solid facts and information, this is known as ____________. (a) continuous improvement (b) evidence-based management (c) TQM (d) Theory...

Which is the correct match? (a) Folletanalytics (b) McGregormotion study (c) Demingquality management (d) MaslowTheory X and Y

When a manager notices that Sheryl has strong social needs and assigns her a job in customer relations and gives Farhad lots of praise because of his strong ego needs, the manager is displaying...

What are the auditors responsibilities to communicate information to the audit committee under AICPA and PCAOB standards? If the auditor discovers that the audit committee routinely ignores such...

Discuss the 5 C protocol of policy implementation with appropriate examples.

answers will be rated immediately :) Case Study - Rice Company of Australia Ltd FKC is a mid-tier accounting firm based in Melbourne. In 2020, a new audit client, Rice Company of Australia Ltd (RCA),...