Homework Answers
Add Answer to:
loob W hat is the formule for Revenues Total Renaue variance = & Revenue Volume Verenie...
$ 7,850 300 $ 8,150 Revenues Consulting revenue .... Rental revenue ..... Total revenue ........... Expenses...
$ 7,850 300 $ 8,150 Revenues Consulting revenue .... Rental revenue ..... Total revenue ........... Expenses Depreciation expense-Equip ..... Salaries expense ....... Insurance expense ........ Rent expense ...... Supplies expense ............ Utilities expense ................ Cash ..... Accounts receivable ....... Supplies ......... Prepaid insurance .......... Equipment Less accumulated depreciation ........... Total assets .... Liabilities Accounts payable ........... Supplies payable .... ..... Uneamed consulting revenue .......... Total liabilities .... Equity Owner's Capital ........ $ 4,350 1,800 8,670 2,300 $ 26,000 375_25,625 $...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses $ 193,700 $ 71,200 176,700 62,700 $ 122,500 $ 73,200 114,000 72,000 $ 49,300 $ 42,000 Operating income The budgeted sales price per unit is $ 3.10 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.10. Requirement 3. What is the budgeted fixed cost for the...
ssessment 6 Saved Help Save 5418s REvenue Total Revenues 276, 000 Expenses Supplies Expense Salaries and...
ssessment 6 Saved Help Save 5418s REvenue Total Revenues 276, 000 Expenses Supplies Expense Salaries and Wages Expense Advertising Expense Office Expense 86,000 53,000 24,000 56,000 219,000 $ 57,000 Total Expenses Net Income Required: 1. Did the company generate more revenue from selling goods or providing services to customers? 2. If salaries and wages were to double, how much net income would the company report? 3-a. If the company paid $21,900 of its advertising expense during the current year, what...
What is total expenses on this statement Revenues 30,737 Investments & other income o total Revenues...
What is total expenses on this statement Revenues 30,737 Investments & other income o total Revenues 30, 737 COGS 22,910 Selling general t adminstrative expenses 6,504 Depreciatia 509 Lease termination charges 48 Interest expense 450 Other Non-operating gains (losses) (37) Income tax expense benefit) 113 Net Income 166
#2 only. 14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance;...
#2 only.
14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance; Spreadsheet Application The following information is available for Brownstone Products Company for the month of July Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Actual Master Budget 3.800 4,000 $53.200 $60,000 19.000 16,000 16.000 15,000 7,700 5,000 10,000 9,000 Required 1. What was the total operating income variance for July, rounded to the...
Sales Revenue is 110,000 and total expense is 142,660 Determine the Expense-to-Sales Ratio from the Income...
Sales Revenue is 110,000 and total expense is 142,660 Determine the Expense-to-Sales Ratio from the Income Statement using 2008 figures. For this calculation, use Total Revenues for "sales revenue" and Total Expenses for "expense." Remember, your answer must be a percentage, because you're multiplying it by 100.
The following information is from the Income Statement of the Sunland Laundry Service: Revenues Service Revenues...
The following information is from the Income Statement of the Sunland Laundry Service: Revenues Service Revenues Expenses $5720 Salaries and wages expense $ 2160 440 260 Advertising expense Rent expense Supplies expense Insurance expense Total expenses 180 90 3130 Net income $2590 The entry to close the Laundry Service Revenue account includes a: O debit to Income Summary for $5720. O debit to Service Revenue for $5720. O debit to Retained Earnings for $5720. O credit to Service Revenue for...
e. How much of the master budget variance for Commissions Exp. was caused by an unanticipated increase in volume?__________________ F or U? f. How much of the master budget variance for Advertising Ex...
e. How much of the master budget variance for Commissions Exp.
was caused by an unanticipated increase in
volume?__________________ F or U?
f. How much of the master budget variance for Advertising
Expenses was caused by an unanticipated increase in
volume?__________________ F or U?
g. How much of the master budget variance for CGS was caused by
some factor other than volume? (Hint: this is NOT a manufacturing
business). $__________ F or U? What could account for this
variance?
h....
#3 only. 14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance;...
#3 only.
14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance; Spreadsheet Application The following information is available for Brownstone Products Company for the month of July Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Actual Master Budget 3.800 4,000 $53,200 $60,000 19.000 16,000 16.000 15,000 7,700 8,000 10.000 9,000 Required 1. What was the total operating income variance for July, rounded to the...
Use the following Year 3 data: Other Selling and Administrative Expenses Other Expenses Sales Revenue Advertising...
Use the following Year 3 data: Other Selling and Administrative Expenses Other Expenses Sales Revenue Advertising and Promotion Expenses Salaries and Wages Expense Income Tax Expense Interest Expense $1,050, 600 247,900 4,885,600 552,650 2,525,000 166,650 114,050 Required: Prepare the annual income statement for Kvass, Inc. KVASS, INC. Income Statement For the Year Ended December 31. Year Revenues Sales Revenue Total Revenues Expenses 0 KVASS, INC. Income Statement For the Year Ended December 31, Year 3 Revenues: Sales Revenue / Total...
$ 7,850 300 $ 8,150 Revenues Consulting revenue .... Rental revenue ..... Total revenue ........... Expenses Depreciation expense-Equip ..... Salaries expense ....... Insurance expense ........ Rent expense ...... Supplies expense ............ Utilities expense ................ Cash ..... Accounts receivable ....... Supplies ......... Prepaid insurance .......... Equipment Less accumulated depreciation ........... Total assets .... Liabilities Accounts payable ........... Supplies payable .... ..... Uneamed consulting revenue .......... Total liabilities .... Equity Owner's Capital ........ $ 4,350 1,800 8,670 2,300 $ 26,000 375_25,625 $...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses $ 193,700 $ 71,200 176,700 62,700 $ 122,500 $ 73,200 114,000 72,000 $ 49,300 $ 42,000 Operating income The budgeted sales price per unit is $ 3.10 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.10. Requirement 3. What is the budgeted fixed cost for the...
ssessment 6 Saved Help Save 5418s REvenue Total Revenues 276, 000 Expenses Supplies Expense Salaries and Wages Expense Advertising Expense Office Expense 86,000 53,000 24,000 56,000 219,000 $ 57,000 Total Expenses Net Income Required: 1. Did the company generate more revenue from selling goods or providing services to customers? 2. If salaries and wages were to double, how much net income would the company report? 3-a. If the company paid $21,900 of its advertising expense during the current year, what...
What is total expenses on this statement Revenues 30,737 Investments & other income o total Revenues 30, 737 COGS 22,910 Selling general t adminstrative expenses 6,504 Depreciatia 509 Lease termination charges 48 Interest expense 450 Other Non-operating gains (losses) (37) Income tax expense benefit) 113 Net Income 166
#2 only.
14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance; Spreadsheet Application The following information is available for Brownstone Products Company for the month of July Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Actual Master Budget 3.800 4,000 $53.200 $60,000 19.000 16,000 16.000 15,000 7,700 5,000 10,000 9,000 Required 1. What was the total operating income variance for July, rounded to the...
The following information is from the Income Statement of the Sunland Laundry Service: Revenues Service Revenues Expenses $5720 Salaries and wages expense $ 2160 440 260 Advertising expense Rent expense Supplies expense Insurance expense Total expenses 180 90 3130 Net income $2590 The entry to close the Laundry Service Revenue account includes a: O debit to Income Summary for $5720. O debit to Service Revenue for $5720. O debit to Retained Earnings for $5720. O credit to Service Revenue for...
e. How much of the master budget variance for Commissions Exp.
was caused by an unanticipated increase in
volume?__________________ F or U?
f. How much of the master budget variance for Advertising
Expenses was caused by an unanticipated increase in
volume?__________________ F or U?
g. How much of the master budget variance for CGS was caused by
some factor other than volume? (Hint: this is NOT a manufacturing
business). $__________ F or U? What could account for this
variance?
h....
#3 only.
14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance; Spreadsheet Application The following information is available for Brownstone Products Company for the month of July Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Actual Master Budget 3.800 4,000 $53,200 $60,000 19.000 16,000 16.000 15,000 7,700 8,000 10.000 9,000 Required 1. What was the total operating income variance for July, rounded to the...
Use the following Year 3 data: Other Selling and Administrative Expenses Other Expenses Sales Revenue Advertising and Promotion Expenses Salaries and Wages Expense Income Tax Expense Interest Expense $1,050, 600 247,900 4,885,600 552,650 2,525,000 166,650 114,050 Required: Prepare the annual income statement for Kvass, Inc. KVASS, INC. Income Statement For the Year Ended December 31. Year Revenues Sales Revenue Total Revenues Expenses 0 KVASS, INC. Income Statement For the Year Ended December 31, Year 3 Revenues: Sales Revenue / Total...
Most questions answered within 3 hours.
-
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 1 hour ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 1 hour ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 1 hour ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 1 hour ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 1 hour ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 1 hour ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 1 hour ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 2 hours ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 2 hours ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 2 hours ago -
International ethics focus on:
1) exploitation of labor
2)corruption
3) environmental impact
4) none of the...
asked 2 hours ago -
Costing Models You work for XYZ trucking and your boss has asked
you to figure out...
asked 2 hours ago