Homework Answers
Answer:$43000 Unfavourable
The sales volume variance in terms of operating income = sales volume variance in terms of contribution margin.The sales volume variance in terms of contribution margin is $43,000U (given). Therefore, the sales volume variance in terms of operating income is also $43,000U.
Add Answer to:
In September, Larson Inc. sold 50,000 units of its only product for $416,000, and incurred a total cost of $385,000,...
In September, Larson Inc. sold 41,000 units of its only product for $350,000, and incurred a...
In September, Larson Inc. sold 41,000 units of its only product for $350,000, and incurred a total cost of $325,000, of which $35,000 was fixed costs. The flexible budget for September showed total sales of $400,000. Among variances of the period were: total variable cost flexible-budget variance, $8,900U; total flexible-budget variance, $83,00OU; and, sales volume variance, in terms of contribution margin, $37,000U The sales volume variance, in terms of operating income, for September (to the nearest dollar) was: Multiple Choice...
In September, Larson Inc. sold 48,000 units of its only product for $372,000, and incurred a total cost of $345,000, of...
In September, Larson Inc. sold 48,000 units of its only product for $372,000, and incurred a total cost of $345,000, of which $37,000 was fixed costs. The flexible budget for September showed total sales of $420,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $72,000U; and, sales volume variance, in terms of contribution margin, $39,000U. The sales volume variance, in terms of operating income, for September (to the nearest dollar) was:
please answer noth questions and circle correct answer In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixe...
please answer noth questions and circle correct answer
In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U and, sales volume variance, in terms of contribution margin, $27,00oU. The total number of budgeted units reflected in the master...
In August, Deighton Inc. sold 40,000 units of its only product for $262,000, and incurred a...
In August, Deighton Inc. sold 40,000 units of its only product for $262,000, and incurred a total cost of $245,000, of which $27,000 was fixed costs. The flexible budget for August showed total sales of $320,000. Among variances of the period were: total variable cost flexible-budget variance, $6,000U; total flexible-budget variance, $67,000U; and, sales volume variance, in terms of contribution margin, $29,000U. The budgeted fixed cost for August, to the nearest dollar, was:
The total number of budgeted units reflected in the master budget for September was: a) 50000...
The total number of budgeted units reflected in the master
budget for September was:
a) 50000 units
b)36000 units
c) 40000 units
d) 45000 units
e) 48000 units
Which equation correctly calculates the total weighted average
equivalent units of production?
a) completed and transferred out units + ending WIP equivalent
units
b) ending WIP equivalent units - completed and transferred out
units
c) completed and transferred out units + Beginning WIP
equivalent units
d) beginning WIP equivalent units - Completed...
#3 only. 14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance;...
#3 only.
14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance; Spreadsheet Application The following information is available for Brownstone Products Company for the month of July Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Actual Master Budget 3.800 4,000 $53,200 $60,000 19.000 16,000 16.000 15,000 7,700 8,000 10.000 9,000 Required 1. What was the total operating income variance for July, rounded to the...
Assume that in October 2019 the Schmidt Machinery Company (Exhibit 14.1) manufactured and sold 950 units...
Assume that in October 2019 the Schmidt Machinery Company
(Exhibit 14.1) manufactured and sold 950 units for $854 each.
During this month, the company incurred $380,000 total variable
costs and $181,900 total fixed costs. The master (static) budget
data for the month are as given in Exhibit 14.1.
Required:
1. Prepare a flexible budget for the production and sale of 950
units.
2. Compute for October 2019:
a. The sales volume variance, in terms of operating income.
Indicate whether this...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For October 2019 (2) (3) Flexible-Budget Flexible Variances Budget (1) (4) Sales Volume Variances (5) Master (Static) Budget Actual Units 780 0 780 1,000 Sales Variable costs Contribution margin Fixed costs Operating income $639,600 350,950 $288,650 160,650 $128,000 $15,600F 50F $15,650F 10,650U $ 5,000F $624,000 351,000 $273.000 150,000 $123,000 2200 $176,0000 99,000F $ 77,0000 $800,000 450,000 $350,000 150,000 $200,000 $77,000U Analysis of Total Operating-Income Variance...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For October 2019 (1) (2) Flexible-Budget Variances (3) Flexible Budget Sales Volume Variances (5) Master (Static) Budget Actual Units 1,000 Sales Variable costs 7800 780 2200 $639,600 $15,600F $624,000 $176,000U 350,95050F 351,000 99,000F $288,650 $ 77,0000 160,650 10,650U 150,000* 0 $128,000 $ 5,000F $123,000 $ 77,000U Contribution margin Fixed costs $15,650F $273,000 $800,000 450,000 $350,000 150,000 $200,000 Operating income Analysis of Total Operating Income Variance...
Top managers of Juda Industries predicted 2018 sales of 15,200 units of its product at a...
Top managers of Juda Industries predicted 2018 sales of 15,200 units of its product at a unit price of $7.00. Actual sales for the year were 14,400 units at $8.50 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $49,000 exceeded budgeted fixed costs by $2,500. Prepare Juda's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible...
In September, Larson Inc. sold 41,000 units of its only product for $350,000, and incurred a total cost of $325,000, of which $35,000 was fixed costs. The flexible budget for September showed total sales of $400,000. Among variances of the period were: total variable cost flexible-budget variance, $8,900U; total flexible-budget variance, $83,00OU; and, sales volume variance, in terms of contribution margin, $37,000U The sales volume variance, in terms of operating income, for September (to the nearest dollar) was: Multiple Choice...
please answer noth questions and circle correct answer
In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U and, sales volume variance, in terms of contribution margin, $27,00oU. The total number of budgeted units reflected in the master...
The total number of budgeted units reflected in the master
budget for September was:
a) 50000 units
b)36000 units
c) 40000 units
d) 45000 units
e) 48000 units
Which equation correctly calculates the total weighted average
equivalent units of production?
a) completed and transferred out units + ending WIP equivalent
units
b) ending WIP equivalent units - completed and transferred out
units
c) completed and transferred out units + Beginning WIP
equivalent units
d) beginning WIP equivalent units - Completed...
#3 only.
14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance; Spreadsheet Application The following information is available for Brownstone Products Company for the month of July Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Actual Master Budget 3.800 4,000 $53,200 $60,000 19.000 16,000 16.000 15,000 7,700 8,000 10.000 9,000 Required 1. What was the total operating income variance for July, rounded to the...
Assume that in October 2019 the Schmidt Machinery Company
(Exhibit 14.1) manufactured and sold 950 units for $854 each.
During this month, the company incurred $380,000 total variable
costs and $181,900 total fixed costs. The master (static) budget
data for the month are as given in Exhibit 14.1.
Required:
1. Prepare a flexible budget for the production and sale of 950
units.
2. Compute for October 2019:
a. The sales volume variance, in terms of operating income.
Indicate whether this...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For October 2019 (2) (3) Flexible-Budget Flexible Variances Budget (1) (4) Sales Volume Variances (5) Master (Static) Budget Actual Units 780 0 780 1,000 Sales Variable costs Contribution margin Fixed costs Operating income $639,600 350,950 $288,650 160,650 $128,000 $15,600F 50F $15,650F 10,650U $ 5,000F $624,000 351,000 $273.000 150,000 $123,000 2200 $176,0000 99,000F $ 77,0000 $800,000 450,000 $350,000 150,000 $200,000 $77,000U Analysis of Total Operating-Income Variance...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For October 2019 (1) (2) Flexible-Budget Variances (3) Flexible Budget Sales Volume Variances (5) Master (Static) Budget Actual Units 1,000 Sales Variable costs 7800 780 2200 $639,600 $15,600F $624,000 $176,000U 350,95050F 351,000 99,000F $288,650 $ 77,0000 160,650 10,650U 150,000* 0 $128,000 $ 5,000F $123,000 $ 77,000U Contribution margin Fixed costs $15,650F $273,000 $800,000 450,000 $350,000 150,000 $200,000 Operating income Analysis of Total Operating Income Variance...
Top managers of Juda Industries predicted 2018 sales of 15,200 units of its product at a unit price of $7.00. Actual sales for the year were 14,400 units at $8.50 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $49,000 exceeded budgeted fixed costs by $2,500. Prepare Juda's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible...
Most questions answered within 3 hours.
-
Which of the following is an impediment that makes it
difficult for firms to achieve the...
asked 59 seconds from now -
Calculate the amount of heat needed to boil 123.g of octane
(C8H18), beginning from a temperature...
asked 7 minutes ago -
my
prof asked us to make a problem set then we find solve it
Chi-Square Test...
asked 14 minutes ago -
In recent years, 80% of those accused of Driving Under the
Influence (DUI) get convicted (includes...
asked 23 minutes ago -
Why does Max Weber distinguish between "power," "authority," and
different types of authority? What is he...
asked 23 minutes ago -
What would the solow growth model look like if there was a
production function which had...
asked 29 minutes ago -
A company project has an initial cost of $40,000, expected net
cash flows of $9,000 per...
asked 30 minutes ago -
How do you use strategy in your current position or how does
your current position align...
asked 32 minutes ago -
a person's ability to be properly diagnosed with a
disease/condition can be affected by the person;s...
asked 32 minutes ago -
John needs 40 Eternal Light flashlights. Each Eternal Light
flashlight requires 3 bulbs, and each bulb...
asked 40 minutes ago -
1) If Nominal GDP is $16,000 billion and the GDP deflator is 50,
then Real GDP...
asked 46 minutes ago -
D. A student completed 20 courses in the School of Arts and
Sciences. Her grades in...
asked 2 hours ago