Homework Answers
Answer:- Sales price variance= $21000 F.
Sales volume variance = $53500 U.
Explanation-
1)-Sales price variance = (Budgeted selling price – Actual selling price) * Actual quantity sold
= ($1070 per unit – $1100 per unit)*700 units
= $21000 Favorable
2)-Sales volume variance = (Budgeted Quantity sold- Actual Quantity sold)*Budgeted selling price
=(750 units – 700 units)*$1070 per unit
= $53500 Unfavorable
Add Answer to:
Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May 2017,...
ht 1 Assignment Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During Ma...
ht 1 Assignment Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May 2017, it sold 700 computers at a $1,100 average price each. The May 2017 fored budget included sales of 750 computers at an average price of $1,070 each. AQ = Actual Quantity SQ = Standard Quantity AP - Actual Price SP = Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017 Actual Sales Flexible Budget...
what is total sales ? Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz...
what is total sales ?
Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May, it sold 400 computers at a $900 average price each. The May fixed budget Included sales of 450 computers at an average price of $870 each. AC Actual Quantity SQ - Standard Quantity AP - Actual Price SP - Standard Price 182. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable,...
need help thanks Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers....
need help thanks
Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May, it sold 400 computers at a $900 average price each. The Mayfwed budget included sales of 450 computers at an average price of $870 each ADActual Quantity SQ - Standard Quantity AP Actual Price SP Standard Price 162. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable (Indicate the effect of each variance...
Comp Wiz sells computers. During May 2017, It sold 500 computers at a $1,000 average price...
Comp Wiz sells computers. During May 2017, It sold 500 computers at a $1,000 average price each. The May 2017 fixed budget Included sales of 550 computers at an average price of $960 each. AQ - Actual Quantity SQ - Standard Quantity AP = Actual Price SP - Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017 Actual Sales Flexible Budget Budgeted Sales
Comp Wiz sells computers. During May, it sold 700 computers at a $1,000 average price each. The May fixed budget include...
Comp Wiz sells computers. During May, it sold 700 computers at a
$1,000 average price each. The May fixed budget included sales of
750 computers at an average price of $950 each.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
1&2. Compute the sales price variance and the sales volume
variance for May. Classify it as favorable or unfavorable.
(Indicate the effect of each variance by selecting for favorable,
unfavorable, and no...
Comp Wiz sells computers. During May 2017, it sold 600 computers at a $700 average price...
Comp Wiz sells computers. During May 2017, it sold 600 computers at a $700 average price each. The May 2017 fixed budget included sales of 650 computers at an average price of $660 each. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017.
HOW DO I CALCULATE? Comp Wiz sells computers. During May, it sold 500 computers at a...
HOW DO I CALCULATE?
Comp Wiz sells computers. During May, it sold 500 computers at a $1,000 average price each. The May fixed budget included sales of 550 computers at an average price of $960 each. AQ = Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
QS 21-21 Sales variances LO A1 In a recent year, BMW sold 217,544 of its 1 Series cars. Assume the company expected to...
QS 21-21 Sales variances LO A1 In a recent year, BMW sold 217,544 of its 1 Series cars. Assume the company expected to sell 226,744 of these cars during the year. Also assume the budgeted sales price for each car was $25,000, and the actual sales price for each car was $25,200. AQ = Actual Quantity SQ = Standard Quantity AP= Actual Price SP=Standard Price Compute the sales price variance and the sales volume variance, Actual Sales Flexible budget Budgeted...
Bay City Company's fixed budget performance report for July follows. The $440,000 budgeted total expenses include...
Bay City Company's fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses. Fixed Budget Variances Sales (in units) Sales (in dollars) Total expenses Income from operations 6,000 $480,000 440,000 $ 40,000 Actual Results 4,900 $ 436,100 400,000 $ 36,100 $43,900 U 40,000 F $ 3,900 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List...
Problem 15-21 Determining and interpreting flexible budget variances LO 15-5 Campbell Publications established the following standard...
Problem 15-21 Determining and interpreting flexible budget variances LO 15-5 Campbell Publications established the following standard price and costs for a hardcover picture book that the company produces. $ Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative 36.40 8.10 4.20 5.80 7.10 $131,000 54.000 Assume that Campbell actually produced and sold 34,000 books. The actual sales price and costs incurred follow....
ht 1 Assignment Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May 2017, it sold 700 computers at a $1,100 average price each. The May 2017 fored budget included sales of 750 computers at an average price of $1,070 each. AQ = Actual Quantity SQ = Standard Quantity AP - Actual Price SP = Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017 Actual Sales Flexible Budget...
what is total sales ?
Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May, it sold 400 computers at a $900 average price each. The May fixed budget Included sales of 450 computers at an average price of $870 each. AC Actual Quantity SQ - Standard Quantity AP - Actual Price SP - Standard Price 182. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable,...
need help thanks
Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May, it sold 400 computers at a $900 average price each. The Mayfwed budget included sales of 450 computers at an average price of $870 each ADActual Quantity SQ - Standard Quantity AP Actual Price SP Standard Price 162. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable (Indicate the effect of each variance...
Comp Wiz sells computers. During May 2017, It sold 500 computers at a $1,000 average price each. The May 2017 fixed budget Included sales of 550 computers at an average price of $960 each. AQ - Actual Quantity SQ - Standard Quantity AP = Actual Price SP - Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017 Actual Sales Flexible Budget Budgeted Sales
Comp Wiz sells computers. During May, it sold 700 computers at a
$1,000 average price each. The May fixed budget included sales of
750 computers at an average price of $950 each.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
1&2. Compute the sales price variance and the sales volume
variance for May. Classify it as favorable or unfavorable.
(Indicate the effect of each variance by selecting for favorable,
unfavorable, and no...
HOW DO I CALCULATE?
Comp Wiz sells computers. During May, it sold 500 computers at a $1,000 average price each. The May fixed budget included sales of 550 computers at an average price of $960 each. AQ = Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and...
QS 21-21 Sales variances LO A1 In a recent year, BMW sold 217,544 of its 1 Series cars. Assume the company expected to sell 226,744 of these cars during the year. Also assume the budgeted sales price for each car was $25,000, and the actual sales price for each car was $25,200. AQ = Actual Quantity SQ = Standard Quantity AP= Actual Price SP=Standard Price Compute the sales price variance and the sales volume variance, Actual Sales Flexible budget Budgeted...
Bay City Company's fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses. Fixed Budget Variances Sales (in units) Sales (in dollars) Total expenses Income from operations 6,000 $480,000 440,000 $ 40,000 Actual Results 4,900 $ 436,100 400,000 $ 36,100 $43,900 U 40,000 F $ 3,900 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List...
Problem 15-21 Determining and interpreting flexible budget variances LO 15-5 Campbell Publications established the following standard price and costs for a hardcover picture book that the company produces. $ Standard price and variable costs Sales price Materials cost Labor cost Overhead cost Selling, general, and administrative costs Planned fixed costs Manufacturing overhead Selling, general, and administrative 36.40 8.10 4.20 5.80 7.10 $131,000 54.000 Assume that Campbell actually produced and sold 34,000 books. The actual sales price and costs incurred follow....
Most questions answered within 3 hours.
-
3) What are the typical social structures in a global city?
asked 1 hour ago -
Luther Corporation
Consolidated Balance Sheet
December 31, 2019 and 2018 (in $ millions)
Assets
2019
2018...
asked 1 hour ago -
(Expected rate of return and risk) Carter Inc. is evaluating a
security. Calculate the investment’s expected...
asked 4 hours ago -
What specific indicators can point to lack of progress for
African Americans in American society?
asked 5 hours ago -
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 5 hours ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 5 hours ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 6 hours ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 6 hours ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 7 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 8 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 8 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 9 hours ago