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Top managers of White Industries predicted 2024 sales of 14,700 units of its product at a unit price of $8.00. Actual sales for the year were 14,000 units at $10.50 each Variable costs were budgeted at $2.40 per unit, and actual variable costs were $2.50 per unit. Actual fixed costs of $47,000 exceeded budgeted fixed coats by $5,200. Prepare White's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year, First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances. (Enter a "0" for any zero balances. For any 50 variances, leave the Favorable (FyUnfavorable (U) input blank) Units Sales Revenue Vanable Costs Contribution Margin Budget Amounts Per Unit White Industries Flexible Budget Performance Report For the Year Ended December 31,…

K Jay Draperies makes and sells curtains. Information related to its performance in 2020 is given below: (Click the icon to view the information.) (Click the icon to view the partially completed performance report.) Calculate Jay Draperies' flexible-budget and sales-volume variances for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Begin with the flexible-budget variance column, then the sales-volume variance column. Label each variance as favorable (F) or unfavorable (U). (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Units sold Revenues (sales) Variable costs Contribution margin Fixed costs Operating income Data table EA Actual Flexible-Budget Results Variance 1,500 EA $ 285,000 162,750 122,250 75,000 47,250 Flexible Sales-Volume Budget Variance 1,500 ᏌᏊ 69 $ 300,000 165,000 135,000 77,000 58,000 - ☑ Reference EA EA Static Budget 1,400 280,000 154,000 126,000 77,000…

Top managers of Root Industries predicted 2025 sales of 14,500 units of its product at a unit price of $9.50. Actual sales for the year were 14,300 units at $11.00 each. Variable costs were budgeted at $3.40 per unit, and actual variable costs were $3.50 per unit. Actual fixed costs of $44,000 exceeded budgeted fixed costs by $5,000 Prepare Root Industries' flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances. (Enter a 0 for any zero balances. Label the variance as favorable (F) or unfavorable (U), in the input field after the amount you enter. For any $0 variances, leave the Favorable (F)Unfavorable (U) input field blank.) Units Sales Revenue Variable Costs…

Top managers of Rouse Industries predicted 2025 sales of 14,900 units of its product at a unit price of $10.00. Actual sales for the year were 14,000 units at $13.00 each Variable costs were budgeted at $3.60 per unit, and actual variable costs were $3.70 per unit Actual fixed costs of $49,000 exceeded budgeted fixed costs by $2,500. Prepare Rouse Industries' flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances (Enter a 0 for any zero balances. Label the variance as favorable (F) or unfavorable (U), in the input field after the amount you enter For any $0 variances, leave the Favorable (F)/Unfavorable (U) input field blank.) Units Sales Revenue Variable Costs…

Click Draperies makes and sells curtains. Information related to its performance in 2020 is given below: (Click the icon to view the data.) Calculate Click Draperies' flexible budget for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Calculate Click's flexible budget for (a) revenues. Begin by determining the formula and then solve for the amount. Actual units sold 1,560 X Budgeted selling price per unit = Flexible budget for revenues × $ 361,920 232 Calculate Click's flexible budget for (b) variable costs. Begin by determining the formula and then solve for the amount. Actual units sold 1,560 X Budgeted variable cost per unit × $ 108 = Calculate Click's flexible budget for (c) fixed costs. Click's flexible budget for fixed costs is $ 73,000. = = Flexible budget for variable costs 168,480 Calculate Click's flexible budget for (d) operating income. Begin by determining the formula and then solve for the amount. (Abbreviations used: rev = revenue, vc =…

Top managers of Cole Industries predicted 2018 sales of 14,600 units of its product at a unit price of $7.00. Actual sales for the year were 14,000 units at $10.50 each. Variable costs were budgeted at $2.60 per​ unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $43,000 exceeded budgeted fixed costs by $4,500.   Prepare Cole​'s flexible budget performance report. What variance contributed most to the​ year's favorable​ results? What caused this​ variance?   Prepare a flexible budget performance report for the year.​ First, complete the flexible budget performance report through the contribution margin​ line, then complete the report through the operating income line.​ Finally, compute the total variances. ​(Enter a​ "0" for any zero balances. For any​ $0 variances, leave the Favorable​ (F)/Unfavorable (U) input​ blank.)   Cole Industries Flexible Budget Performance Report For the Year Ended December 31, 2018     1 2 3 4 5…

How much should the decrease in the budgeted cost per unit be for the coming year?

points The following data relate to direct materials costs during November 2023 : Standard Costs: 2,600 pounds @ $8.75 per pound Actual Costs: 2,500 pounds @ $8.00 per pound What is the direct materials price variance ?   $ 875 favorable $800 favorable $ 1,950 unfavorable None of the listed choices are correct $ 1,875 favorable

PLEASE ANSWER THE FOLLOWING QUESTIONS: Requirements 1. Compute the total sales-volume variance, the total sales-mix variance, and the total sales-quantity variance. (Calculate all variances in terms of contribution margin.) Show results for each product in your computations. 2. What inferences can you draw from the variances computed in requirement 1? Data table Budget for 2020 Selling Variable Cost Cartons Product Price per Carton Sold Kostor $11.00 $ Limba $ 23.00 $ 6.40 16.15 Actual for 2020 Selling Variable Cost Cartons Price per Carton Sold 7.40 138,600 16.35 59,400 132,000 $11.60 S 88,000 $ 24.40 $

Click Draperies makes and sells curtains. Information related to its performance in 2020 is given below: (Click the icon to view the data.) Calculate Click Draperies' static-budget variance for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Begin by determining all of the actual amounts, then the static budget amounts, and finally the static-budget variances. Label each variance as favorable (F) or unfavorable (U). Units sold Revenues Variable costs Contribution margin Fixed costs Operating income Actual Results Data table Units made and sold Selling price Variable costs Fixed costs Print Actual 1,300 $205 per curtain 165,000 77,000 $ Done Budgeted 1,400 $215 per curtain $115 per curtain 76,000 X

Sales Price Variance?

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The manager of a large apartment complex knows from experience that 110 units will be occupied if the rent is 360 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 10 dollar increase in rent. Similarly, one additional unit will be occupied for each 10 dollar decrease in rent. (a) If æ is the number of units rented, and p is the rent per unit in dollars, what is the price-demand equation (assuming it is linear)? p = (b) What is the monthly revenue function for the manager? (Hint: Revenue is the product of the price per item and the number of items.) R(x) = (c) How many apartment units should be rented to maximize the monthly revenue? apartment units