Assume the actual sales volume is 74,500 units and the budgeted sales volume is 76,000 units. If the actual sales price is $7.20 and the budgeted sales price is $7.80, what is the sales volume variance? a) $11,700 unfavorable b) $11,700 favorable c) $10,500 unfavorable d) $10,500 favorable
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- Perform a sensitivity analysis on the budget for values from $5,000 to $35,000 inincrements of $5,000. Construct a graph of percentage reach versus budget. Is theadditional increase in percentage reach monotonically decreasing as the budget allocationincreases? Why or why not? What is your recommended budget? Explain.The production budget shows that expected sales units are 47500. The total required units are 54000. What are the required production units? a. 9750 b. 13000 c. 6500 d. Cannot be determined from the data providedWhich one of the following budget is not affected when credit period to customers is changed from 30 days to 90 days to achieve 30% inrease in sales? A. Capital budget B. Production Budget C. Cash Budgets D. Sales Budge
- BhaWhich of the following statements is not correct? A. The sales budget is computed by multiplying estimated sales by the sales price. B. The production budget begins with the sales estimated for each period. C. The direct materials budget begins with the sales estimated for each period. D. The sales budget is typically the first budget prepared.Taylor Corporation is analyzing the cost behavior of three cost items, A, B, and C, to budget for the upcoming year. Past trends have indicated the following dollars were spent at three different levels of output: In establishing a budget for 14,000 units, Taylor should treat A, B, and C costs as: a. semivariable, fixed, and variable, respectively. b. variable, fixed, and variable, respectively. c. semivariable, semivariable, and semivariable, respectively. d. variable, semivariable, and semivariable, respectively.
- If the expected sales volume for the current period is 6,400 units, the desired ending inventory is 225 units, and the beginning inventory is 350 units, the number of units set forth in the production budget, representing total production for the current period, is a.6,050 b.6,400 c.6,625 d.6,2751. assume that coke budget for a 10% increase in sales over fiscal year 2019. what would budgeted sales be for fiscal year 2020 ?(round 2 decimal places ) 2. Assume cokes cost of sales will be 65%of sales, what is cokes budgeted cost of sales for 2020 ? (round 2 decimal places) 3. If coke wants ending inventory to be 10% of the next periods budgeted cost of sales, and the 2021 cost of budgeted sales is $3,796, 080.79 what will be 2020 budgetd endinding inventory be? 4. based on the previous calculations for the coke (in thousands, except per share data) Net sales Cost of sales Gross profit Selling, delivery and administrative expenses Income from operations Interest expense, net Other expense, net Gain on exchange transactions Income (loss) before income taxes Income tax expense (benefit) Net income (loss) 3 COCA-COLA CONSOLIDATED, INC. CONSOLIDATED STATEMENTS OF OPERATIONS Less: Net income attributable to noncontrolling interest Net income (loss) attributable to Coca-Cola…COCA-COLA CONSOLIDATED, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Net sales Cost of sales Gross profit Selling, delivery and administrative expenses Income from operations Interest expense, net Other expense, net Gain on exchange transactions Income (loss) before income taxes Income tax expense (benefit) Net income (loss) Less: Net income attributable to noncontrolling interest Net income (loss) attributable to Coca-Cola Consolidated, Inc. Basic net income (loss) per share based on net income (loss) attributable to Coca-Cola Consolidated, Inc.: Common Stock Weighted average number of Common Stock shares outstanding Class B Common Stock Weighted average number of Class B Common Stock shares outstanding Diluted net income (loss) per share based on net income (loss) attributable to Coca-Cola Consolidated, Inc.: Common Stock Weighted average number of Common Stock shares outstanding - assuming dilution Class B Common Stock Weighted average number of…
- As a newly hired management accountant, you have been asked to prepare a profit plan for the company for which you work. As part of this task, you've been asked to do some what-if analyses. Following is the budgeted Information regarding the coming year: Selling price per unit Variable cost per unit Fixed costs (per year) Required: $ 100.00 60.00 1,113,040 1. What is the breakeven volume, in units and dollars, for the coming year? 2. Assume that the goal of the company is to earn a pretax (operating) profit of $316,000 for the coming year. How many units would the company have to sell to achieve this goal? 3. Assume that of the $60 variable cost per unit the labor-cost component is $27. Current negotiations with the employees of the company indicate some uncertainty regarding the labor cost component of the variable cost figure presented above. What is the effect on the breakeven point in units if selling price and fixed costs are as planned, but the labor cost for the coming year is…5. Archer's cost accountant prepared the following static budget based on expected activity of 4,000 units for the May 2022 accounting period: Sales Revenue $64,000 Variable Costs (34.000) Contribution Margin $30,000 (20.000) $10,000 Fixed Costs Net Income a. If Archer's sales manager were to prepare a flexible budget for expected activity of 4,300 units, budgeted net income on this flexible budget would be? b. If Archer actually produced and sold 4,300 units at $20 each, what is the sales revenue activity/volume variance? Indicate favorable / unfavorable variances c. If Archer actually incurred the following costs during May 2022: Sales Revenue Variable Costs Contribution Margin $49,000 Fixed Costs $86,000 (37.000) (22.000) $27,000 Net Income The flexible budget variance for: Indicate favorable / unfavorable variances i. Fixed costs: ii. Variable costs:Finance management PnA calculators. The following information was extracted from the budget for the yearended 31 December 2023: $Sales 10 400Selling price per calculator350Variable production cost per unit216Fixed production costs154 000Variable selling and administrative costs per unit29Fixed selling and administrative costs82 000 Calculate the following:a) Break-even quantityb) Break-even value using the marginal income ratioc) Margin of safety (in terms of units)d) Expected total marginal income and net profit
