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Farad, Inc. specializes in selling used trucks. During the month, Farad sold 51 trucks at an...
18 Farad, Inc., specializes in selling used SUVs. During the month, the dealership sold 60 trucks...
18 Farad, Inc., specializes in selling used SUVs. During the month, the dealership sold 60 trucks at an average price of $8,700 each. The budget for the month was to sell 56 trucks at an average price of $9,300 each. eBook AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Print References Compute the dealership's sales price variance and sales volume variance for the month 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...
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...
Milltown Company specializes in selling used cars. During the month, the dealership sold 17 cars at an average pric...
Milltown Company specializes in selling used cars. During the month, the dealership sold 17 cars at an average price of $14,500 each. The budget for the month was to sell 15 cars at an average price of $15,500. Compute the dealership's sales price variance for the month. Multiple Choice es $17,000 unfavorable $14,000 favorable. $17,000 favorable. $31000 unfavorable.
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,...
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...
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
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...
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...
Exercise 08-15 Direct materials and direct labor variances LO P3 The following describes production activities of...
Exercise 08-15 Direct materials and direct labor variances LO P3 The following describes production activities of Mercer Manufacturing for the year. 34,000 lbs. at $5.95 per lb 10,600 hours for a total of $220,480 Actual direct materials used Actual direct labor used Actual units produced 63,300 Budgeted standards for each unit produced are 0.50 pound of direct material at $5.90 per pound and 10 minutes of direct labor at $21.80 per hour. AH Actual Hours SH Standard Hours AR Actual...
18 Farad, Inc., specializes in selling used SUVs. During the month, the dealership sold 60 trucks at an average price of $8,700 each. The budget for the month was to sell 56 trucks at an average price of $9,300 each. eBook AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Print References Compute the dealership's sales price variance and sales volume variance for the month 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...
Milltown Company specializes in selling used cars. During the month, the dealership sold 17 cars at an average price of $14,500 each. The budget for the month was to sell 15 cars at an average price of $15,500. Compute the dealership's sales price variance for the month. Multiple Choice es $17,000 unfavorable $14,000 favorable. $17,000 favorable. $31000 unfavorable.
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,...
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...
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...
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...
Exercise 08-15 Direct materials and direct labor variances LO P3 The following describes production activities of Mercer Manufacturing for the year. 34,000 lbs. at $5.95 per lb 10,600 hours for a total of $220,480 Actual direct materials used Actual direct labor used Actual units produced 63,300 Budgeted standards for each unit produced are 0.50 pound of direct material at $5.90 per pound and 10 minutes of direct labor at $21.80 per hour. AH Actual Hours SH Standard Hours AR Actual...
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