Bingo Inc. wants to analyze the variances in its actual and budgeted gross profit. The following are available: ·  Actual gross profit and actual gross profit ratio is P600,000 and 25%, respectively. ·  The actual sales are P400,000 more than the total budgeted sales. ·  Budgeted sales price at actual quantity sold is P2,000,000 What is the Sales Volume Variance under 4-way analysis?

Q: Actual sales price is 14% higher than budgeted, actual sales volume in units is 10% lower than…

A: The term "sales price variance" describes the discrepancy between a company's anticipated price for…

Q: Jungkook Company present the following data for analysis affecting its Gross Profit. The company is…

A: Gross profit variance is computed by finding the difference between the given gross profits.

Q: owing variances are determined by Bulldogs Co.: · Sales Price Variance – 560,000 favorable · Cost…

A: The actual amount of sales and budgeted amount of sales may not be same due to the change in prices…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Variance:- When there is a difference in the budgeted amount and what actually produces or occur is…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A:

Q: Atlantis Inc. wants to analyze the variances in its actual and budgeted gross profit. Compute for…

A: The correct option with proper calculation areas follows

Q: Devin Company has the following data for their budget and actual performance. Master Budget Variance…

A: SOLUTION- MASTER BUDGET-IT IS AN EXPENSIVE BUSINESS STRATEGY THAT DOCUMENTS EXPECTED FUTURE…

Q: Required: (a) Calculate (1) the actual sales volume; (ii) the actual quantity of materials used;

A: Variance refers to those deviation which is used to determine the difference between the actual…

Q: 1. This year’s total sales of Yui Inc. are P4,600,000. The following variances are determined: ·…

A:

Q: The cellular phone division of Stanton Company had budgeted sales of $800,000 and actual sales of…

A: Answer:-  Variance meaning:- A variance is basically the difference between the budgeted and actual…

Q: orme Onerom Inc., a multi-product firm, has a Sales Mix Variance of 925 unfavorable and a Final…

A: solution given Sales Mix Variance 925 unfavorable  Final Sales Volume Variance 1,780…

Q: Zachary Company has provided the following for the year. Budget Sales Variable product costs…

A: The income statement is a financial report that shows the profitability of the entity. The revenues…

Q: Required: (a) Which formula will correctly calculate the direct labour efficiency variance in cell…

A: (a) Direct labour efficiency variance = (26,000 x $48) - (150,000 x $8) = $1,248,000 - $1,200,000 =…

Q: Data for National Co. is as follows: Product A 2020 10,000 2021 20,000 P15 P7.50 Product B 2020 2021…

A:

Q: What is the Sales Volume Variance under 4-way analysis?*

A: Any of the variances can be studied in four ways Fixed price/spending variance Variable…

Q: The Soda Shoppe manufactures and sells three soft drinks: Kola, Lima, and Oranga. Budgeted and…

A: Variance is the difference in the value of budgeted cost\quantity\price and the actual…

Q: The sales-mix factor shows a variance of:   P14,124 favorable   P4,125 unfavorable   P4,125…

A: Sales Mix Variance shows the variation in actual sales volume from budgeted sales volume which…

Q: Bulldogs Inc., a multi-product firm, has a Sales Mix Variance of 925 unfavorable and a Final Sales…

A: The difference between the actual and expected number of units sold, multiplied by the budgeted…

Q: How much is the sales price-volume variance?

A: Changes in sales price from budget price = P100 Given, Sales quantity variance which is unfavorable…

Q: Last year, the retailer's weekly variance of demand was 500 units. The variance of orders was 600,…

A: calculation of above requirement are as follows

Q: nornton Company has provided the following for the year. Budget Sales Variable product costs…

A: The question is based on the concept of Cost Accounting.

Q: Assume the company's threshold for determining the materiality of each variance is 5% of its…

A: Cost variance is a cost management term that refers to the difference between the budgeted cost for…

Q: 1. How much is the total sales variance? 2. How much is the sales price variance? 3. How much is…

A: 1. Total Sales Variance = Actual Sales - Target Sales 2. Sales Price Variance = (Actual Price -…

Q: 6. A company budgets to sell 600 units of product F at a sales price of N30. The standard füll cost…

A: A sales variance is the difference between actual and budgeted sales. It is used to analyze changes…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Since we are not given enough data, we have to make an assumption to proceed further. Let us assume…

Q: 2.0p Which of the following statements about variances is correct? The sales-volume variance is due…

A: Variance analysis refers to the comparison of predicted and actual outcomes. For example, a company…

Q: Actual sales revenue in dollars is 4.65% higher than budgeted, actual sales price is 9% lower than…

A: Variance refers to the difference between the actual and the budgeted/estimated performance of the…

Q: If a company has 10% higher sales than budgeted in the master budget, this will cause the fixed…

A: A flexible budget is a budget that can change upon the change in the quantity or activity changes.…

Q: Based on the attached image, what is the company's sales-volume variance?

A: Introduction: Sales volume variance is calculated by following formula: Sales-volume variance =…

Q: Munoz Company has provided the following Year 2 data. Budget Sales Variable product costs Variable…

A: Income Statement:Income statement is the statement showing the income earned and expenses incurred…

Q: The budgeted sales for a company for a period was:   Units Units contribution margin Total…

A: i.) Total sales margin variance:- Total sales margin variance may be defined as the difference…

Q: What is the Sales Volume Variance under 4-way analysis?

A: Any variance can be evaluated in 4 ways The fixed price/spending variance The variable…

Q: NEKO Inc. wants to analyze its variances in its actual and budgeted operation. ·       There is no…

A: Budgeted sales- 10,000Actual sales- 1,500Budgeted cost of goods sold- 8000Actual cost of goods sold-…

Q: Bulldogs Inc., a multi-product firm, has a Sales Mix Variance of 925 unfavorable and a Final Sales…

A: Sales Volume Variance = Sales Mix Variance + Final Sales Volume Variance Final Sales Volume Variance…

Q: Bulldogs Inc. wants to analyze the variances in its actual and budgeted gross profit. The following…

A: In managerial accounting and performance analysis, the term "sales volume variance" is used to…