Homework Answers
OPTION: $37000 unfavorable
we have, sales volume variance, in terms of contribution margin, $37,000U.
as the fixed cost remains constant, sales volume variance, in terms of operating income is also $37,000U.
because the only difference between contribution margin and operating income is fixed costs, there will be no change in variance between in terms of contribution margin and in terms of operating income.
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In September, Larson Inc. sold 41,000 units of its only product for $350,000, and incurred a...
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please answer noth questions and circle correct answer
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Required:
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Required information [The following information applies to the questions displayed below.] As part of its comprehensive planning and control system, Mopar Company uses a master budget and subsequent variance analysis. You are given the following information that pertains to the company's only product, XL-10, for the month of December. Required: 1. Using text Exhibit 14.4 as a guide, complete the missing parts of the following profit report for December. 2. Based on your completed profit report, determine the dollar amount,...
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please answer noth questions and circle correct answer
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The total number of budgeted units reflected in the master
budget for September was:
a) 50000 units
b)36000 units
c) 40000 units
d) 45000 units
e) 48000 units
Which equation correctly calculates the total weighted average
equivalent units of production?
a) completed and transferred out units + ending WIP equivalent
units
b) ending WIP equivalent units - completed and transferred out
units
c) completed and transferred out units + Beginning WIP
equivalent units
d) beginning WIP equivalent units - Completed...
Assume that in October 2019 the Schmidt Machinery Company
(Exhibit 14.1) manufactured and sold 950 units for $854 each.
During this month, the company incurred $380,000 total variable
costs and $181,900 total fixed costs. The master (static) budget
data for the month are as given in Exhibit 14.1.
Required:
1. Prepare a flexible budget for the production and sale of 950
units.
2. Compute for October 2019:
a. The sales volume variance, in terms of operating income.
Indicate whether this...
As part of its comprehensive planning and control system, Mopar
Company uses a master budget and subsequent variance analysis. You
are given the following information that pertains to the company’s
only product, XL-10, for the month of December.
Required:
1. Using text Exhibit 14.4 as a guide, complete the missing
parts of the following profit report for December.
2. Based on your completed profit report, determine the dollar
amount, and label (Favorable or Unfavorable) each of the following
variances for...
Beech Company produced and sold 113,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,290,000; variable costs, $826,000; and fixed costs, $390,000. The following actual financial results are available for May Sales (113,000 units) Variable costs Fixed costs Actual $1,272,000 790,500 390,000 Prepare a flexible budget performance report for May. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BEECH COMPANY Flexible Budget Performance...
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Required information [The following information applies to the questions displayed below.] As part of its comprehensive planning and control system, Mopar Company uses a master budget and subsequent variance analysis. You are given the following information that pertains to the company's only product, XL-10, for the month of December. Required: 1. Using text Exhibit 14.4 as a guide, complete the missing parts of the following profit report for December. 2. Based on your completed profit report, determine the dollar amount,...
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