Jersey's Manufactures Shirts for Sports Teams. Their Results for last month are shown below. Complete the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Jersey's Manufactures Shirts for Sports Teams. Their Results for last month are shown below. Complete the schedule below and analyze the results by answering the questions below. Jersey's Corp. D 1 2 3 4 5 6 27 28 29 30 31 32 33 34 35 36 37 38 39 Questions Units Sold Revenue Variable Costs Direct Materials Direct Labori Credit Card Processing, Total Variable Costs! Contribution Margini Fixed Costs Advertising Rent Operating Income Price/ Variable Cost/Unit $12.14 --- $2.57 1) Evaluate the Performance of the Sales Manager Actual Results 7,000 Flexible Budget Analysis Mar-22 Flexible 3) Summarize overall performance for the Company 85,000 20,000 18,000 2) Evaluate the performance of the Production Manager 6,000 24,000 Budget Variance $2,000 F II 1,000 F T (4,000) U (2,000) U 2,000 F ($4,000) U Flexible Budget $350,000 84,000 21,000 14,000 119,000 231,000 $203,000 Sales Volume Variance 1,000 50,000 (12.000) U $33,000 F Static Budget 6,000 $300,000 18,000 12,000 198,000 8,000 20,000 $170,000 I Price/ Variable Cost/Unit $12.00 $3.00 $2.00 $33.00 Jersey's Manufactures Shirts for Sports Teams. Their Results for last month are shown below. Complete the schedule below and analyze the results by answering the questions below. Jersey's Corp. D 1 2 3 4 5 6 27 28 29 30 31 32 33 34 35 36 37 38 39 Questions Units Sold Revenue Variable Costs Direct Materials Direct Labori Credit Card Processing, Total Variable Costs! Contribution Margini Fixed Costs Advertising Rent Operating Income Price/ Variable Cost/Unit $12.14 --- $2.57 1) Evaluate the Performance of the Sales Manager Actual Results 7,000 Flexible Budget Analysis Mar-22 Flexible 3) Summarize overall performance for the Company 85,000 20,000 18,000 2) Evaluate the performance of the Production Manager 6,000 24,000 Budget Variance $2,000 F II 1,000 F T (4,000) U (2,000) U 2,000 F ($4,000) U Flexible Budget $350,000 84,000 21,000 14,000 119,000 231,000 $203,000 Sales Volume Variance 1,000 50,000 (12.000) U $33,000 F Static Budget 6,000 $300,000 18,000 12,000 198,000 8,000 20,000 $170,000 I Price/ Variable Cost/Unit $12.00 $3.00 $2.00 $33.00
Expert Answer:
Answer rating: 100% (QA)
To evaluate the performance of the sales manager production manager and overall performance of the company based on the provided information we need t... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
? ????????? 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 50 Use your 44 use is 45 46 47 48 49 Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that returns and...
-
1 2 3 4 5 6 7 cube dimension LxWxH (mm) Surface area (mm^2) volume (mm^3) SA/ V Volume undiffused- white (mm^3) Volume diffused % total volume diffused a) 15x15x15 1350 3375 0.4 0 3375 100% b)...
-
Given the following data: Period 1 2 3 4 5 6 7 8 9 Gross Requirements 70 30 90 30 80 20 90 60 80 The beginning inventory is 0 and there are no scheduled receipts. The order cost is $90 and the...
-
Give examples of three exceptions to the Cardozo rule of foreseeability.
-
The six independent projects shown below are under consideration by Peyton Packing under budget-constrained conditions. The company always has more projects to engage in than it has capital to fund...
-
Sheldorado Aluminum Products sold an aluminum awning to Villette and installed it on the back of his home for use as a carport. There was no formal written contract, but there was a bill of sale. The...
-
State the null and alternative hypotheses \(\left(\mathrm{H}_{0} ight.\) and \(\left.\mathrm{H}_{1} ight)\) for each of the following research questions: a. Are the average starting salaries for...
-
Following are audit procedures that are normally conducted in the purchasing process and related accounts. 1. Test a sample of purchase requisitions for proper authorization. 2. Test transactions...
-
10. On December 1, 2021, Shervin decided to track his finances. On this date, his assets and liabilities were as follows: Cash Prepaid Rent Prepaid Insurance House $15,000 4,000 300 65,000 Contents...
-
Complete the statement of cash flow for January through June on the CashFlow worksheet by completing the following tasks. As part of the process, you will need to use a circular reference. You will...
-
Solve the LP model graphically in excel Can you explain by explaining? Max: Z = 4x + 5x2 subjected to the constraints X1 + 2x2 < 10 6x1 + 6x2 36 X4 and X1, X2 0
-
Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $14,700 at the end of each year for the next 25 years. If you...
-
Accumulating a growing future sumPersonal Finance ProblemA retirement home at Deer Trail Estates now costs $173,000. Inflation is expected to cause this price to increase at 5% per year over the 24...
-
2. Suppose a chemical firm is producing 100 units of output with MC = $8, AVC = $7, and ATC = $9. The prevailing price of the product in the market is $8.50. There are many substitutes for this...
-
Write pseudocode for a linked list swap operation that accepts three parameters - a doubly linked list L, and two pointers a and b that point to Node elements inside the linked list. Change all the...
-
1. What is the relationship of change in internal energy, work, and heat? Explain the significance in terms of energy. 2. Explain why it is impossible to have an engine which is 100% efficient. 3....
-
The company Electronicos Potentes S.A. bought a reflective kit for a cost of $40,000. Its useful life of 5 years and an estimated residual (salvage) value of $2,500. What is your annual depreciation...
-
Using Gauss-Jordan elimination, invert this matrix ONLY 0 0 0 0 1
-
Find the midpoint of the line segment connecting (x1, y1) with (x2, y2) in R2. Generalize to Rn.
-
Find the inverse of each matrix in the prior question with Theorem 1.9. (a) (b) (c) (d) 421 100 211 4 2 0 5 408
-
Find the length of each vector. (a) (b) (c) (d) (e) () E.
-
To test \(H_{0}: \sigma=50\) versus \(H_{1}: \sigma <50\), a random sample of size \(n=24\) is obtained from a population that is known to be normally distributed. (a) If the sample standard...
-
(a) Determine the critical values for a right-tailed test of a standard population deviation with 18 degrees of freedom at \(\alpha=0.1\) level of significance. (b) Determine the critical values for...
-
In Example 2 from Section 10.3, the quality-control engineer for M\&MMars tested whether the mean weight of fun-size Snickers was 20.1 grams. Suppose that the standard deviation of the weight of the...
Bestoyard 3 Sets Basketball Rack Soccer Holder Sports Racket Football - ISBN: B0CNJGLZBY - Free Book
Study smarter with the SolutionInn App