Julie Welk then hands you her schedule. SALES VARIANCES FOR THE S-PENCIL FOR THE LAST THREE...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Julie Welk then hands you her schedule. SALES VARIANCES FOR THE S-PENCIL FOR THE LAST THREE MONTHS Variance Large retailers Small retailers Sales price Sales mix Sales quantity Notes: G$ 0 1. A = adverse, F= favourable. 256,500 A 121,500 F Small Naw Type of customer large retales Smalltaler Notes: 2. These variances are for our sales to large retailers, small retailers and directly to consumers through our website. G$ 135,000 A 247 438 F 76,313 F 3. The sales mix and quantity variances are calculated using the individual units method and budgeted gross profit. The budgeted gross profits are as follows: Variance Large retailers Small retailers Website G$ 12.75 Number of cus Number of cus Budgeted gross profit 4. During the three-month period there was a change in the profile of S-Pencil customers as shown in the aged receivables comparison below. 64 G$ 6.75 AGED RECEIVABLES COMPARISON: S-PENCIL CUSTOMERS 3months ago Type of Larges Website Total G$ 100 84,000 A 143,437 F 47,812 F Total amount d Total amount G$ 219,000 A 134 375 F 245,625 F 711 367 G97 G$ 9.25 Required Write the briefing paper requested by Julie Welk. Due within the Up to 30day overdue Over 60 day 612 73 320 82 Standard credit terms for credit customers is 30 days. The three large retailer customers are the same customers. 21 5 Dus within payment bema Up to 30days avendu Over 60 day and 490 100 510 97 50 90 Activate Windows Go to Settings to activate W Julie Welk then hands you her schedule. SALES VARIANCES FOR THE S-PENCIL FOR THE LAST THREE MONTHS Variance Large retailers Small retailers Sales price Sales mix Sales quantity Notes: G$ 0 1. A = adverse, F= favourable. 256,500 A 121,500 F Small Naw Type of customer large retales Smalltaler Notes: 2. These variances are for our sales to large retailers, small retailers and directly to consumers through our website. G$ 135,000 A 247 438 F 76,313 F 3. The sales mix and quantity variances are calculated using the individual units method and budgeted gross profit. The budgeted gross profits are as follows: Variance Large retailers Small retailers Website G$ 12.75 Number of cus Number of cus Budgeted gross profit 4. During the three-month period there was a change in the profile of S-Pencil customers as shown in the aged receivables comparison below. 64 G$ 6.75 AGED RECEIVABLES COMPARISON: S-PENCIL CUSTOMERS 3months ago Type of Larges Website Total G$ 100 84,000 A 143,437 F 47,812 F Total amount d Total amount G$ 219,000 A 134 375 F 245,625 F 711 367 G97 G$ 9.25 Required Write the briefing paper requested by Julie Welk. Due within the Up to 30day overdue Over 60 day 612 73 320 82 Standard credit terms for credit customers is 30 days. The three large retailer customers are the same customers. 21 5 Dus within payment bema Up to 30days avendu Over 60 day and 490 100 510 97 50 90 Activate Windows Go to Settings to activate W
Expert Answer:
Answer rating: 100% (QA)
Answer Briefing Paper Subject Sales Variances Analysis for the SPencil Product Prepared by Your Name Date Current Date Purpose To Provide Analysis of Sales Variances for the Last Three Months Introduc... View the full answer
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date:
Students also viewed these accounting questions
-
Julie Welk, Head of Finance calls you into her office and says: I have just been talking to Ben Thakar, Sales and Marketing Director, about the S-Pencil. In the first few months after the launch...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
The following profit reconciliation statement has been prepared by the management accountant of ABC Limited for March: The standard cost card for the company's only product is as follows: ()...
-
Visit www.guidestar.org and obtain the Form 990 for a local not-for-profit organization. a. Examine Part VIII of the 990 to determine gross receipts of the organization. b. Examine Part IX of the...
-
A cylindrical liquid oxygen (LOX) tank has a diameter of 4 ft, a length of 20 ft, and hemispherical ends. The boiling point of LOX is ?? 297?F. An insulation is sought which will reduce the boil-off...
-
You are considering the purchase of Ganzs preferred stock at a market price of \($56.23\) per share. Assume the stock pays an annual dividend of \($4.78.\) What would your expected return be? Should...
-
True or False: The larger the accelerometer crystal, the lower the maximum frequency range.
-
Erin Company recently changed its system of internal control over cash disbursements. The system includes the following features. 1. Instead of being unnumbered and manually prepared, all checks must...
-
Clark Company's current year income statement, comparative balance sheets, and additional information follow. For the year. (1) all sales are credit sales. (2) all credits to Accounts Receivable...
-
On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and...
-
Ciamik has saved a total of $ 6000 for her retirement. She has put the money in a fund which pays 9.5% compounded twice a year. How much should she withdraw each twice a year in order to have enough...
-
Garvin Oil Company incurred the following costs during the years 2018 and 2019: 2018 a. Contracted and paid $50,000 for G&G surveys during the year. b. Leased acreage in four areas as follows: 1)...
-
What are the primary differences between financial and managerial accounting?
-
Is there a significant difference in the economic content of balance sheets created using fund accounting and those prepared under conventional accounting guidelines?
-
Briefly explain why the base case analysis required the calculation to move up the P&L statement rather than down (the normal direction).
-
Why is the number of members so important in a capitated environment?
-
The trial balance of LMNOP Company Inc. Contains the following accounts at September 30, 2015. Account Title Cash Accounts Receivable Inventory Prepaid Rent Supplies Office Equipment Accumulated...
-
Use translations to graph f. f(x) = x-/2 +1
-
What is a cost objective?
-
Smith Good Deeds Society is considering a four-year investment opportunity with the following cash flows: If Smith uses an annual discount rate of 8 percent, should it pursue the investment? Show...
-
What is a journal?
-
Exercise 4.119 on page 303 revealed an association between owning a cat as a child and developing schizophrenia later in life. Many people enjoy cats as pets, so this conclusion has profound...
-
800 tests using a significance level of \(5 \%\). We are conducting many hypothesis tests to test a claim. In every case, assume that the null hypothesis is true. Approximately how many of the tests...
-
300 tests using a significance level of \(1 \%\). We are conducting many hypothesis tests to test a claim. In every case, assume that the null hypothesis is true. Approximately how many of the tests...
Study smarter with the SolutionInn App