Homework Answers
Correct answer-------------Favorable
.
The activity variance is a favorable one because the actual units sold are more than the units stated in master budget.
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A machine distributor sells two models, basic and deluxe. The following information relates to its master...
A machine distributor sells two models, basic and deluxe. The following information relates to its master...
A machine distributor sells two models, basic and deluxe. The following information relates to its master budget. Sales (units) Sales price per unit Variable costs per unit Basic Deluxe 11, 2002 ,800 $ 9,600 $13,600 Actual sales were 10,200 basic models and 3,600 deluxe models. The actual sales prices were the same as the budgeted sales prices for both models. Is the sales quantity variance for the basic model favorable or unfavorable? Multiple Choice O Favorable O Unfavorable. < Prey...
A machine distributor sells two models, basic and deluxe. The following information relates to its master...
A machine distributor sells two models, basic and deluxe. The following information relates to its master budget. Sales (units) Sales price per unit Variable costs per unit Basic 8,400 $8,200 $6,720 Deluxe 2,100 $12,200 $ 9,150 Actual sales were 7,400 basic models and 2,900 deluxe models. The actual sales prices were the same as the budgeted sales prices for both models. Is the sales mix variance for the basic model favorable or unfavorable? Multiple Choice Favorable Unfavorable < Prey 30...
A-Zone Media sells two models of e-readers. The budgeted price per unit for the wireless model is $196 and the budgeted price per unit for the wireless and cellular model is $424. The master budget ca...
A-Zone Media sells two models of e-readers. The budgeted price per unit for the wireless model is $196 and the budgeted price per unit for the wireless and cellular model is $424. The master budget called for sales of 10,400 wireless models and 2,700 wireless and cellular models during the current year. Actual results showed sales of 7,900 wireless models, with a price of $220 per unit, and 4,300 wireless and cellular models, with a price of $480 per unit....
A-Zone Media sells two models of e-readers. The budgeted price per unit for the wireless model...
A-Zone Media sells two models of e-readers. The budgeted price per unit for the wireless model is $193 and the budgeted price per unit for the wireless and cellular model is $418. The master budget called for sales of 10,100 wireless models and 2,550 wireless and cellular models during the current year. Actual results showed sales of 7,600 wireless models, with a price of $205 per unit, and 4,150 wireless and cellular models, with a price of $420 per unit....
Question 1 1 pts Calc+ Company manufactures calculators for schools. The master budget is based on...
Question 1 1 pts Calc+ Company manufactures calculators for schools. The master budget is based on sales of 40,000 units at $65 per calculator. Budgeted variable costs are $45 per unit, while budgeted fixed costs total $670,000. Actual income was $211,000 on actual sales of 42,000 units at $64 each. Actual variable costs were $43 per unit and actual fixed costs totaled $671,000. What is the master-budget variance of operating income (list variance amount and if it is favorable or...
Calc+ Company manufactures calculators for schools. The master budget is based on sales of 40,000 units...
Calc+ Company manufactures calculators for schools. The master budget is based on sales of 40,000 units at $65 per calculator. Budgeted variable costs are $45 per unit, while budgeted fixed costs total $670,000. Actual income was $211,000 on actual sales of 42,000 units at $64 each. Actual variable costs were $43 per unit and actual fixed costs totaled $671,000. What is the master-budget variance of operating income (list variance amount and if it is favorable or unfavorable)? Calc+ Company manufactures...
Dream Muffins sells its muffins to restaurants and coffee houses for an average selling price of...
Dream Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The following information relates to the budget for Dream Muffins for this year (all figures are annual totals unless otherwise noted): B (Click the icon to view the budget information.) During the year, Dream Muffins actually sold 8,600 cases, resulting in total sales revenue of $231,900. Actual expenses (in total) from this year are as follows: E: (Click the icon to...
10.7 Hampton Muffins sells its muffins to restaurants and coffee houses for an average selling price...
10.7
Hampton Muffins sells its muffins to restaurants and coffee houses for an average selling price of $32 per case. The following information relates to the budget for Hampton Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Hampton Muffins actually sold 8,600 cases, resulting in total sales revenue of $282,600. Actual expenses in total) from this year are as follows: (Click the icon to view...
LearnCo manufactures and sells one product, an abacus for classroom use, with two models, the Basic...
LearnCo manufactures and sells one product, an abacus for classroom use, with two models, the Basic model and the Deluxe model. The company began operations on January 1, 20Y1, and is planning for 20Y2, its second year of operations, by preparing budgets from its master budget. The company is trying to decide how many units to manufacture, how much it might spend on direct materials and direct labor, and what their factory overhead expenses might be. In addition, the company...
Sweet Muffins sells its muffins to restaurants and coffee houses for an average selling price of...
Sweet Muffins sells its muffins to restaurants and coffee houses
for an average selling price of $35 per case. The following
information relates to the budget for Sweet Muffins for this year
(all figures are annual totals unless otherwise noted):
Sweet Muffins sells its muffins to restaurants and coffee houses for an average selling price of $35 per case. The following information relates f Requirement the budget for Sweet Muffins for this year (all figures are annual totals unless Construct...
A machine distributor sells two models, basic and deluxe. The following information relates to its master budget. Sales (units) Sales price per unit Variable costs per unit Basic Deluxe 11, 2002 ,800 $ 9,600 $13,600 Actual sales were 10,200 basic models and 3,600 deluxe models. The actual sales prices were the same as the budgeted sales prices for both models. Is the sales quantity variance for the basic model favorable or unfavorable? Multiple Choice O Favorable O Unfavorable. < Prey...
A machine distributor sells two models, basic and deluxe. The following information relates to its master budget. Sales (units) Sales price per unit Variable costs per unit Basic 8,400 $8,200 $6,720 Deluxe 2,100 $12,200 $ 9,150 Actual sales were 7,400 basic models and 2,900 deluxe models. The actual sales prices were the same as the budgeted sales prices for both models. Is the sales mix variance for the basic model favorable or unfavorable? Multiple Choice Favorable Unfavorable < Prey 30...
Question 1 1 pts Calc+ Company manufactures calculators for schools. The master budget is based on sales of 40,000 units at $65 per calculator. Budgeted variable costs are $45 per unit, while budgeted fixed costs total $670,000. Actual income was $211,000 on actual sales of 42,000 units at $64 each. Actual variable costs were $43 per unit and actual fixed costs totaled $671,000. What is the master-budget variance of operating income (list variance amount and if it is favorable or...
Dream Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The following information relates to the budget for Dream Muffins for this year (all figures are annual totals unless otherwise noted): B (Click the icon to view the budget information.) During the year, Dream Muffins actually sold 8,600 cases, resulting in total sales revenue of $231,900. Actual expenses (in total) from this year are as follows: E: (Click the icon to...
10.7
Hampton Muffins sells its muffins to restaurants and coffee houses for an average selling price of $32 per case. The following information relates to the budget for Hampton Muffins for this year (all figures are annual totals unless otherwise noted): (Click the icon to view the budget information.) During the year, Hampton Muffins actually sold 8,600 cases, resulting in total sales revenue of $282,600. Actual expenses in total) from this year are as follows: (Click the icon to view...
Sweet Muffins sells its muffins to restaurants and coffee houses
for an average selling price of $35 per case. The following
information relates to the budget for Sweet Muffins for this year
(all figures are annual totals unless otherwise noted):
Sweet Muffins sells its muffins to restaurants and coffee houses for an average selling price of $35 per case. The following information relates f Requirement the budget for Sweet Muffins for this year (all figures are annual totals unless Construct...
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