Homework Answers
| Actual sales | Flexible budget | Budgeted sales | ||||||||
| AQ | AP | AQ*AP | AQ* | SP | AQ*SP | SQ | SP | SQ*SP | ||
| 500 | 1000 | 500000 | 500 | 960 | 480000 | 550 | 960 | 528000 | ||
| 20000 | 48000 | |||||||||
| Sales price variance | 20000 | Favorable | ||||||||
| Sales quantity variance | 48000 | Unfavorable | ||||||||
| Total sales variance | 28000 | Unfavorable | ||||||||
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Comp Wiz sells computers. During May, it sold 500 computers at a...
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 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 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.
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...
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,...
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...
Exercise 21-23 Computing and interpreting sales variances LO A1 Comp Wiz sells computers. During May 2017,...
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 fixed budget included sales of 750 computers at an average price of $1,070 each. AQ Actual Quantityl SO-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
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...
Farad, Inc. specializes in selling used trucks. During the month, Farad sold 51 trucks at an...
Farad, Inc. specializes in selling used trucks. During the month, Farad sold 51 trucks at an average price of $9,100 each. The budget for the month was to sell 46 trucks at an average price of $9,500 each. AQ = Actual Quantity SQ Standard Quantity AP = Actual Price SP Standard Price Compute the dealership's sales price variance and sales volume variance for the month and classify each as favorable or unfavorable Achaal Sales Flexible Budget Budgeted Sales
World Company expects to operate at 80% of its productive capacity of 70,000 units per month....
World Company expects to operate at 80% of its productive capacity of 70,000 units per month. At this planned level, the company expects to use 25,200 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.450 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $57,960 fixed overhead cost and $322.560 variable overhead cost. In the current month, the company incurred $386,000 actual overhead and 22,200 actual...
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 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
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...
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,...
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...
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 fixed budget included sales of 750 computers at an average price of $1,070 each. AQ Actual Quantityl SO-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
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...
Farad, Inc. specializes in selling used trucks. During the month, Farad sold 51 trucks at an average price of $9,100 each. The budget for the month was to sell 46 trucks at an average price of $9,500 each. AQ = Actual Quantity SQ Standard Quantity AP = Actual Price SP Standard Price Compute the dealership's sales price variance and sales volume variance for the month and classify each as favorable or unfavorable Achaal Sales Flexible Budget Budgeted Sales
World Company expects to operate at 80% of its productive capacity of 70,000 units per month. At this planned level, the company expects to use 25,200 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.450 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $57,960 fixed overhead cost and $322.560 variable overhead cost. In the current month, the company incurred $386,000 actual overhead and 22,200 actual...
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