Bonita Corporation prepared the following variance report.Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2 decimal places, e.g. 2.75.)Type ofMaterialsRogue11Storm17Beast29QuantityPurchasedlbs.4.800 oz.21,500 units$ActualPriceBONITA CORPORATIONVariance Report-Purchasing DepartmentFor Week Ended January 9, 2022$5.15$0.35 $StandardPrice$4.95$3.20$4,820PriceVariance$1,200 Unfavorable$1,075 FavorableExplanationPrice increaseRush orderBought larger quantity

Price variance is the difference of actual cost and standard cost on the the basis of actual…

Bonita Corporation prepared the following variance report. Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2 decimal places, eg. 2.75.) Type of Materials Rogue11 Storm17 Beast29 Quantity Purchased lbs. 4,800 oz. 21,500 units $ Actual Price Variance Report-Purchasing Department For Week Ended January 9, 2022 $5.15 BONITA CORPORATION $0.35 $ Standard Price $4.95 $3.20 $4,820 Price Variance $1,200 Unfavorable $1,075 Favorable Explanation Price increase Rush order Bought larger quantity

Bonita Corporation prepared the following variance report. Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2 decimal places, eg. 2.75.) Type of Materials Rogue11 Storm17 Beast29 Quantity Purchased lbs. 4,800 oz. 21,500 units $ Actual Price Variance Report-Purchasing Department For Week Ended January 9, 2022 $5.15 BONITA CORPORATION $0.35 $ Standard Price $4.95 $3.20 $4,820 Price Variance $1,200 Unfavorable $1,075 Favorable Explanation Price increase Rush order Bought larger quantity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Crompton produces a product that sell at wholesale for 2.60 per unit. Budgeted production in both 2018 and 2019 was 3,000 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018, 2019 Units sold =2,500, 3,200 Units produced 3,000 3,000 Costs: Variable factory overhead per unit 0.65, 0.65 Fixed factory overhead 1,290, 1,290 Variable marketing per unit 0.80, 0.80 Fixed Selling and Administrative 650, 650 Compute variable costing operating income for the 2019.
Can you fill in the blanks correctly and format it as the table that i sent, please, also here are the options for the drop downs on the leftBeginning Direct Materials Direct Materials Purchases Direct Materials Per Unit Total Required UnitsTotal Materials RequiredDesired Ending Direct Materials Desired Ending Finished Goods Unit Expected Unit SalesRequired Production Units Beginning Finished Goods Unit
TB MC Qu. 16-80 (Static) The net effect of AR-10's sales volume variance on profit: Duo, Incorporated Duo, Incorporated, carries two products and has the following year-end income statement (000s omitted) Product ZR-7 Units Sales $ Variable costs Product AR-10 Multiple Choice Budget 2,000 $ 6,000 2,400 1,800 $4,200 $ 1,800 Actual 2,800 $ 7,560 2,800 1,900 $4,700 $ 2,860 Fixed Costs Total Costs Operating income The net effect of AR-10's sales volume variance on profit is: Budget 6,000 $ 12,000 6,000 2,400 $ 8,400 $ 3,600 Actual 5,600 $ 11,760 5,880 2,400 $ 8,280 $ 3,480
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2 The following company information is available for March. The direct materials price variance is: Direct materials purchased and used Standard costs for direct materials for March production Multiple Choice $9,200 unfavorable. $9,200 favorable. $9,000 favorable. 4,500 feet @ $98 per foot 4,600 feet @ $96 per foot
PART B REQUIREMENTS: For the given data below calculate all the variances for Level 1,2, and 3 analysis. Explain the performance of the company. 2015 ACTUAL SALES 2015 INVENTORIES IN UNIS Product Units Ending Inventory Begining Inventory 20,000 Price 58,000 Thingone Thingtwo $167 27,000 46,000 $218 8,000 3,000 Actual 2015 INVENTORIES IN UNITS Direct Unit Unit Begining Ending Materials Price Inventory Inventory Changes A kg 4% 32,000 30,000 increase kg 3% 29,000 25,000 decrease unit No 6,000 5,000 change All other costs increase 8% comparing to the previous year's prices. But the workers are not happy with this new pricing policy and they slowed the work 4%.
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