1 43. Johnson Construction Materials Company has a sales office which sells concreteculvert pipes to property developers. The sales office is a revenue center and mustprepare a monthly performance report. It has provided the following information.ActualProduct type: Sales Revenue40 inch$31,50036 inch long$40,15036 inch short$36,20032 inch$19,000Revenue Center Performance ReportFlexible BudgetVarianceU/FFlexibleBudget$30,000$42,000$33,000$20,000Sales VolumeWhat is the sales volume variance for the 36 inch long pipe?A) $1,850 UB) $9,000 FC) $10,000 UD) $1,500 FVarianceU/FStaticBudget$40,000$33,000$30,000$28,000

Variance refers to the deviation incurred in the actual results from the expected results. It is a…

43. Johnson Construction Materials Company has a sales office which sells concrete culvert pipes to property developers. The sales office is a revenue center and must prepare a monthly performance report. It has provided the following information. Product type: 40 inch 36 inch long 36 inch short 32 inch Actual Sales Revenue $31,500 $40,150 $36,200 $19,000 Revenue Center Performance Report Flexible Budget Flexible Budget Variance U/F $30,000 $42,000 $33,000 $20,000 Sales Volume What is the sales volume variance for the 36 inch long pipe? A) $1,850 U B) $9,000 F C) $10,000 U D) $1,500 F Variance U/F Static Budget $40,000 $33,000 $30,000 $28,000

43. Johnson Construction Materials Company has a sales office which sells concrete culvert pipes to property developers. The sales office is a revenue center and must prepare a monthly performance report. It has provided the following information. Product type: 40 inch 36 inch long 36 inch short 32 inch Actual Sales Revenue $31,500 $40,150 $36,200 $19,000 Revenue Center Performance Report Flexible Budget Flexible Budget Variance U/F $30,000 $42,000 $33,000 $20,000 Sales Volume What is the sales volume variance for the 36 inch long pipe? A) $1,850 U B) $9,000 F C) $10,000 U D) $1,500 F Variance U/F Static Budget $40,000 $33,000 $30,000 $28,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: 0. 00000

A: Please feel free to ask any questions you have, and I'll do my best to provide you with the…

Q: Prev

A: The Loan provided to friends is clearly a “Non-Business” loan and so it is to be treated as…

Q: Bnmm

A: Accounting system refers to the set of the processes of accounting which is integrated with the…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts 1. Cash Account Particular Debit Particular Credit To capital A/c…

Q: Concord Corporation's charter authorized issuance of 96,000 shares of $10 par value common stock and…

A: The company issues either common shares or preferred shares. When the company issues these shares…

Q: section 1231 summary

A: Tax is the liability which has to be paid by the individual and the corporation to the Federal…

Q: AS36

A: The core principle in IAS 36 is that an asset must not be carried in the financial statements at…

Q: The acco

A: Accounting equation has been considered as the origination of double entry accounting system. This…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: How about the Question 3

A: The present value of growth opportunity is defined as the value of stock attributed to the earnings…

Q: Explanation 1031 like-kind exchange

Q: Ihshl

A: The Fundamental accounting equation, likewise called the accounting report condition, speaks to the…

Q: customers, durilng 33. İnferring cash flows from balance sheet and income statement data. (Based on…

A: Since we answer up to 3 sub-parts, we'll answer the first 3. Please resubmit the question and…

Q: WHAT'S THE ANSWER TO D, E AND F?

A: Given, Net nonoperating obligations (NNO) Return on equity (ROE) Nonoperating return component of…

Q: What the agi

A: AGI means Adjusted Gross Income. It is the total income on which income tax payable would be…

Q: two questions

A: Prepare an income statement.

Question

43. Johnson Construction Materials Company has a sales office which sells concrete
culvert pipes to property developers. The sales office is a revenue center and must
prepare a monthly performance report. It has provided the following information.
Actual
Product type: Sales Revenue
40 inch
$31,500
36 inch long
$40,150
36 inch short
$36,200
32 inch
$19,000
Revenue Center Performance Report
Flexible Budget
Variance
U/F
Flexible
Budget
$30,000
$42,000
$33,000
$20,000
Sales Volume
What is the sales volume variance for the 36 inch long pipe?
A) $1,850 U
B) $9,000 F
C) $10,000 U
D) $1,500 F
Variance
U/F
Static
Budget
$40,000
$33,000
$30,000
$28,000

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Define the meaning of variance:

VIEW

Step 2: Correct option and its explanation:

VIEW

Solution

VIEW

Step by step

Solved in 3 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

How do I do number 2 ?
Problem 9-25 Fudge factors An oil company executive is considering investing $10.1 million in one or both of two wells: well 1 is expected to produce oil worth $3.01 million a year for 10 years; well 2 is expected to produce $2.01 million for 15 years. These are real (inflation-adjusted) cash flows. The beta for producing wells is 0.91. The market risk premium is 9%, the nominal risk-free interest rate is 7%, and expected inflation is 3%. The two wells are intended to develop a previously discovered oil field. Unfortunately there is still a 21% chance of a dry hole in each case. A dry hole means zero cash flows and a complete loss of the $10.1 million investment. Ignore taxes and make further assumptions as necessary. a. What is the correct real discount rate for cash flows from developed wells? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Real discount rate b. The oil company executive proposes to add 20 percentage points to the…
A. For what values of x is f(x) NOT y 00 6 4 2 X -3-2-10 1 2 3 4 5
Answer Question 4
D nctions Question 10 Use the diagram below to find each of the following: sine of point a • cose of point b • tane of point c d e
Trying to find answer a through e
what is a P&L
3. What is the NAV?
duct
But why? for number 3
need help with question 6
Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800