Homework Answers
Sales price variance=(Actual price-Budgeted price)×Actual volume
= (70.3-74)×17,550
= $64,935 (U)
Budgeted price= 74
Acutal price = 74-5%= 70.3
Actual volume= 19,500- 10% = 17,550
____×____
Keep supporting.
Add Answer to:
Davidson Corp. produces a single product: fireproof safety deposit boxes for home use. The budget going...
Davidson Corp. produces a single product: fireproof safety deposit for home use. The budget going into...
Davidson Corp. produces a single product: fireproof safety deposit for home use. The budget going into the current year anticipated a selling price of $67 per unit. Because of competitive pressures, the company had to cut selling prices by 10% during the year. Budgeted variable costs per unit are $44, and budgeted total fixed costs are $162,000 for the year. Anticipated sales volume for the year was 16,000 units. Actual sales volume was 5% less than budget. 1. what was...
Edwards and Bell market a single line of home computers, dubbed the XL-98. The master budget...
Edwards and Bell market a single line of home computers, dubbed the XL-98. The master budget for the coming year contained the following items: sales revenue, $381,000; variable costs, $251,500; fixed costs, $100,300. Actual results for the year were as follows: sales revenue, $361,500; variable costs, $225,300; fixed costs, $95,600. The flexible-budget operating income for the year was $35,300. a. What is the total master (static) budget variance in operating profit for the period? b. What portion of the total...
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...
Edwards and Bell market a single line of home computers, dubbed the XL-98. The master budget...
Edwards and Bell market a single line of home computers, dubbed the XL-98. The master budget for the coming year contained the following items: sales revenue, $404,000; variable costs, $252,000, fixed costs, $100,400. Actual results for the year were as follows: sales revenue, $352,000; variable costs, $225,400; fixed costs, $95,800. The flexible-budget operating income for the year was $35,400. a. What is the total master (static) budget variance in operating profit for the period? b. What portion of the total...
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)? a. $41,000 Favorable...
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...
Edwards and Bell market a single line of home computer, dubbed the XL-98. The master budget...
Edwards and Bell market a single line of home computer, dubbed the XL-98. The master budget for the coming year contained the following items: sales revenue, $404,000; variable costs, $252,000; fixed costs, $100,400. Actual results for the year were as follows: sales revenue, $352,000; variable costs, $225,400; fixed costs, $95,800. The flexible-budget operating income for the year was $35,400. a. What is the total static (master) budget variance in operating profit for the period? b. What portion of the...
answer all 37) The sales volume variance is the difference between the 37) Aj expected results...
answer all
37) The sales volume variance is the difference between the 37) Aj expected results in the flexible budget for the actual units sold and the static budget B) static budget and actual amounts due to differences in sales price C) flexible budget and static budget due to differences in fixed costs D) actual results and the expected results in the flexible budget for the actual units sold 38) 39) The static budget, at the beginning of the month,...
Solid Box Fabrications manufactures boxes for workstations. The firm’s standard cost sheet prior to October of...
Solid Box Fabrications manufactures boxes for workstations. The
firm’s standard cost sheet prior to October of the current year and
actual results for October are as follows:
Required information {The following information applies to the questions displayed below.] Solid Box Fabrications manufactures boxes for workstations. The firm's standard cost sheet prior to October of the current year and actual results for October are as follows: Budget Information Standard Price and Variable Fixed Costs per Unit Costs Actual Results October 9,500...
Chapman Inc. sells a single product, Zud, which has a budgeted selling price of $38 per...
Chapman Inc. sells a single product, Zud, which has a budgeted selling price of $38 per unit and a budgeted variablr cost of $26 per unit. Budgeted fixed costs for the year amount to $52,000. Actual sales volume for the year (61,000 units) fell 10,000 units short of budgeted sales volume. Actual fixef costs were $53,000. 1. with everything else held constant, what impact dod the shortfall in volume have on profitability for the year? 2. Was the effect favorable...
Edwards and Bell market a single line of home computers, dubbed the XL-98. The master budget for the coming year contained the following items: sales revenue, $381,000; variable costs, $251,500; fixed costs, $100,300. Actual results for the year were as follows: sales revenue, $361,500; variable costs, $225,300; fixed costs, $95,600. The flexible-budget operating income for the year was $35,300. a. What is the total master (static) budget variance in operating profit for the period? b. What portion of the total...
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...
Edwards and Bell market a single line of home computers, dubbed the XL-98. The master budget for the coming year contained the following items: sales revenue, $404,000; variable costs, $252,000, fixed costs, $100,400. Actual results for the year were as follows: sales revenue, $352,000; variable costs, $225,400; fixed costs, $95,800. The flexible-budget operating income for the year was $35,400. a. What is the total master (static) budget variance in operating profit for the period? b. What portion of the total...
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...
answer all
37) The sales volume variance is the difference between the 37) Aj expected results in the flexible budget for the actual units sold and the static budget B) static budget and actual amounts due to differences in sales price C) flexible budget and static budget due to differences in fixed costs D) actual results and the expected results in the flexible budget for the actual units sold 38) 39) The static budget, at the beginning of the month,...
Solid Box Fabrications manufactures boxes for workstations. The
firm’s standard cost sheet prior to October of the current year and
actual results for October are as follows:
Required information {The following information applies to the questions displayed below.] Solid Box Fabrications manufactures boxes for workstations. The firm's standard cost sheet prior to October of the current year and actual results for October are as follows: Budget Information Standard Price and Variable Fixed Costs per Unit Costs Actual Results October 9,500...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago