Homework Answers
| Revenue variance = ( Actual volume * Actual Price ) - ( Budgeted volume * Budgeted selling price ) = ( 145 * 29 ) - ( 110 * 23 ) | 1675 |
| F | |
| Sales price variance = ( Actual price - Budgeted price ) * Actual volume = ( 29 - 23 ) * 145 | 870 |
| F | |
| Sales volume variance = ( Actual volume - Budgeted volume ) * Budgeted price = ( 145 - 110 ) * 23 | 805 |
| F |
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PFlag question Mark 0.50 out of 1.00 Question 10 Partially correct Sales Variances Presented is information pertain...
eBook Print Question 6 Partially correct Mark 0.50 out of 1.00 P Pag question Materials Variances...
eBook Print Question 6 Partially correct Mark 0.50 out of 1.00 P Pag question Materials Variances North Wind manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $1.50 per pound. During September 8.000 pounds of raw materials costing 51.59 per pound were used in making 3.900 weather vanes. Determine the materials price and quantity variance. Materials price variance 5 0 X U. Materials quantity variances O X U Check
Question 13 Partially correct Mark 0.58 out of 1.00 P Flag question Computation of Variable Cost...
Question 13 Partially correct Mark 0.58 out of 1.00 P Flag question Computation of Variable Cost Variances The following information pertains to the standard costs and actual activity for Tyler Company for September: Standard cost per unit Direct materials 4 units of material A $2.00 per unit 1 unit of material B $3.00 per unit Direct labor 3 hours $8.00 per hour Activity for September Materials purchased Material A 3,400 units * $2.05 per unit Material B 800 units x...
Problem 15-20 Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Vernon Publications established...
Problem 15-20 Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Vernon 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 36.60 8.50 3.80 5.50 6.40 $129,000 50.000 Vernon planned to make and sell 31.000 copies of the book. Required: a.-d. Prepare...
Please help me fill out the volume variances! Benson Publications established the following standard price and...
Please help me fill out the volume variances!
Benson 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 36.30 8.40 3.90 6.30 6.90 $133,000 47,000 Benson planned to make and sell 39,000 copies of the book. Required: a.-d. Prepare the pro forma income statement...
Question 9 Partially correct Mark 0.50 out of 1.00 Prag question Variable Overhead Variances Assume that the best c...
Question 9 Partially correct Mark 0.50 out of 1.00 Prag question Variable Overhead Variances Assume that the best cost driver that Sony has for variable factory overhead in the assembly department is machine hours. During April, the company budgeted 480,000 machine hours and 54,000,000 for its Texas plant's assembly department. The actual variable overhead incurred was 54.180,000, which was related to 500.000 machine hours Do not round until your final answers. Round your answers to the nearest dollar. (a) Determine...
Question 7 Partially correct Mark 0.38 out of 1.00 P Flag questi Materials Variances Assume that...
Question 7 Partially correct Mark 0.38 out of 1.00 P Flag questi Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 2 ounces of material for each pair of lenses. The standard cost per ounce of material is $17.00. During July, the Santa Clara location produced 5.200 pairs of sunglasses and used 9.900 ounces of materials The cost of the materials during July was 517.25 per ounce, and...
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...
1.) 2.) 3.) 4.) The master budget at Western Company last period called for sales of...
1.)
2.)
3.)
4.)
The master budget at Western Company last period called for sales of 225,900 units at $9.9 each. The costs were estimated to be $3.84 variable per unit and $225,900 fixed. During the period, actual production and actual sales were 230,900 units. The selling price was $10.00 per unit. Variable costs were $5.40 per unit. Actual fixed costs were $225,900. Required: Prepare a sales activity variance analysis. (Indicate the effect of each variance by selecting "F" for...
Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit...
Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit is $ 3.40. Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.80 . Requirement 3. What is the budgeted fixed cost for the period? The budgeted fixed cost for the period is $ 69,000 Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable...
The master budget at Western Company last period called for sales of 226,100 units at $10.10...
The
master budget at Western Company last period called for sales of
226,100 units at $10.10 each. The costs were estimated to be $3.86
variable per unit and $226,100 fixed. During the period, actual
production and actual sales were 231,100 unit. The selling price
was $10.20 per unit. Variable costs were $5.60 per unit. Actual
fixed costs were $226,100.
Required Prepare a profit variance analysis.
(Indicate the effect of each variance by selecting “F” for
favorable, or “U” for unfavorable....
eBook Print Question 6 Partially correct Mark 0.50 out of 1.00 P Pag question Materials Variances North Wind manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $1.50 per pound. During September 8.000 pounds of raw materials costing 51.59 per pound were used in making 3.900 weather vanes. Determine the materials price and quantity variance. Materials price variance 5 0 X U. Materials quantity variances O X U Check
Question 13 Partially correct Mark 0.58 out of 1.00 P Flag question Computation of Variable Cost Variances The following information pertains to the standard costs and actual activity for Tyler Company for September: Standard cost per unit Direct materials 4 units of material A $2.00 per unit 1 unit of material B $3.00 per unit Direct labor 3 hours $8.00 per hour Activity for September Materials purchased Material A 3,400 units * $2.05 per unit Material B 800 units x...
Problem 15-20 Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Vernon 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 36.60 8.50 3.80 5.50 6.40 $129,000 50.000 Vernon planned to make and sell 31.000 copies of the book. Required: a.-d. Prepare...
Please help me fill out the volume variances!
Benson 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 36.30 8.40 3.90 6.30 6.90 $133,000 47,000 Benson planned to make and sell 39,000 copies of the book. Required: a.-d. Prepare the pro forma income statement...
Question 9 Partially correct Mark 0.50 out of 1.00 Prag question Variable Overhead Variances Assume that the best cost driver that Sony has for variable factory overhead in the assembly department is machine hours. During April, the company budgeted 480,000 machine hours and 54,000,000 for its Texas plant's assembly department. The actual variable overhead incurred was 54.180,000, which was related to 500.000 machine hours Do not round until your final answers. Round your answers to the nearest dollar. (a) Determine...
Question 7 Partially correct Mark 0.38 out of 1.00 P Flag questi Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 2 ounces of material for each pair of lenses. The standard cost per ounce of material is $17.00. During July, the Santa Clara location produced 5.200 pairs of sunglasses and used 9.900 ounces of materials The cost of the materials during July was 517.25 per ounce, and...
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...
1.)
2.)
3.)
4.)
The master budget at Western Company last period called for sales of 225,900 units at $9.9 each. The costs were estimated to be $3.84 variable per unit and $225,900 fixed. During the period, actual production and actual sales were 230,900 units. The selling price was $10.00 per unit. Variable costs were $5.40 per unit. Actual fixed costs were $225,900. Required: Prepare a sales activity variance analysis. (Indicate the effect of each variance by selecting "F" for...
Requirement 1. What is the budgeted sales price per unit? The budgeted sales price per unit is $ 3.40. Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.80 . Requirement 3. What is the budgeted fixed cost for the period? The budgeted fixed cost for the period is $ 69,000 Requirements 4 and 5. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable...
The
master budget at Western Company last period called for sales of
226,100 units at $10.10 each. The costs were estimated to be $3.86
variable per unit and $226,100 fixed. During the period, actual
production and actual sales were 231,100 unit. The selling price
was $10.20 per unit. Variable costs were $5.60 per unit. Actual
fixed costs were $226,100.
Required Prepare a profit variance analysis.
(Indicate the effect of each variance by selecting “F” for
favorable, or “U” for unfavorable....
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