CompuWorld sells two products, R66 and R100, and calculates sales variances using the contribution margin. Pertinentdata for the current year follow:BudgetedR66ActualR100$ 15595R100R66$ 5040$ 16090$ 5543Selling priceVariable cost per unitContribution marginFixed cost per unit$ 106.$ 7030$ 6025$ 12Operating income$ 4$ 40$ 7$ 35Sales in units1,2004001,0001,000What is the R66 sales quantity variance?R66 sales quantity variance

Name: CompuWorld sells two products, R66 and R100, and calculates sales var
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: CompuWorld sells two products, R66 and R100, and calculates sales variances using the contribution margin. Pertinentdata for the current year follow:BudgetedR66ActualR100$ 15595R100R66$ 5040$ 16090$ 5543Selling priceVariable cost per unitContributio

Sales quantity variance = (actual sales quantity- budgeted sales quantity) x budgeted contribution

Business

Accounting

CompuWorld sells two products, R66 and R100, and calculates sales variances using the contribution margin. Pertinent data for the current year follow: Budgeted R66 $ 50 40 $ 10 R100 $ 160 90 $ 70 Actual R66 $ 55 43 $ 12 R100 Selling price Variable cost per unit Contribution margin Fixed cost per unit $ 155 95 $ 60 30 25 Operating income $ 4 $ 40 $ 7 $ 35 Sales in units 1,200 400 1,000 1,000 What is the R66 sales quantity variance? R66 sales quantity variance

CompuWorld sells two products, R66 and R100, and calculates sales variances using the contribution margin. Pertinent data for the current year follow: Budgeted R66 $ 50 40 $ 10 R100 $ 160 90 $ 70 Actual R66 $ 55 43 $ 12 R100 Selling price Variable cost per unit Contribution margin Fixed cost per unit $ 155 95 $ 60 30 25 Operating income $ 4 $ 40 $ 7 $ 35 Sales in units 1,200 400 1,000 1,000 What is the R66 sales quantity variance? R66 sales quantity variance

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

or the current year, Power Cords Corp. expected to sell 42,300 industrial power cords. Fixed costs were expected to total $1,651,500; unit sales price was expected to be $3,900; and unit variable costs were budgeted at $2,400.Power Cords Corp.'s margin of safety (MOS) in units is: Multiple Choice 49,099. 39,299. 41,199. 36,399. 32,799.
Calculate the labor efficiency variance: Labor costs: Budgeted costs (per unit) 2.25 hours at € 16.40 per hour based on 350 units. Actual: Units: 310 Hours: 620 Labor cost: € 10, 540 a. €1, 435 favourable b. € 1,271 favourable c. € 899 favourable d. €1, 435 adverse
The selling price of the sole product of Bulldogs Inc. last year is P30 and the company earns a per unit gross profit of P10. The number of units sold by the company this year is 20% more than the prior year level of 15,000. What is the cost volume variance under the 4-way analysis? A. 60,000 unfavorable B. 30,000 favorable C. 60,000 favorable D. 30,000 unfavorable
What is the cost price variance? A. 8,000U B. 6,000F C. 9,000U D. 7,500U
2. Determine the breakeven sales in units of Caroline Inc. using the following data:
Please do not give solution in image format thanku
The income data of SB Kopi for the years 200B and 200A are as follows: 200B 200A Variance Sales 276,000.00 204,000.00 72,000.00 F Cost of Sales 151,800.00 122,400.00 29,400.00 U Gross Profit 124,200.00 81,600.00 42,600.00 Question: If the sales price in 200B is approximately 20% higher that the sales price in 200A, the P72,000 increase in sales may be analyzed into: Sales Price Variance Sales Volume Variance a 46,000 favorable 26,000 unfavorable b 46,000 unfavorable 26,000 favorable c 26,000 favorable 46,000 favorable d 46,000 favorable 26,000 favorable Group of answer choices B A C D Question: The 29,400 increase in cost of sales may be analyzed into: Cost Volume Variance Cost Price Variance a 15,000 favorable…
During the current year, OutlyTech Corp. expected to sell 22,500 telephone switches. Fixed costs for the year were expected to be $12,142,500, the unit sales price was budgeted at $3,250, and unit variable costs were budgeted at $1,400. OutlyTech's margin of safety (MOS) in units is (rounded up to nearest whole number): Multiple Choice 17,106. 15,936. 19,716. 15,806. 21,026.
A company has the following information for one of its products: Standard per item (£) Actual per item (£) Selling price 20 22 Material 6 8 Labour 3 4 Variable overhead 2 4 It budgeted to sell 1,000 units but actually sold 100 less than this. What is the sales price variance? A £1,800 F B £2,000 F C £2,000 A D £1,800 A
Coroid Corporation used the following data to evaluate their current operating system. The company sells items for $16 each and had used a budgeted selling price of $17 per unit. Actual 290,000 units 273,000 units $960,000 $61,000 Budgeted Units sold Vanable costs $889,000 $45,000 Fixed costs What is the static-budget variance of variable costs? O $61,000 favorable O $61,000 unfavorable O $77,000 favorable O $77,000 unfavorable
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
During the current year, Mute Corporation expected to sell 24,300 telephone switches. Fixed costs for the year were expected to be $12,145,500, the unit sales price was budgeted at $3,350, and unit variable costs were budgeted at $1,560. Mute's margin of safety ratio (MOS %) is: (Do not round intermediate calculations.) Multiple Choice 72.07%. 87.82%. 71.07%. 93.32%. 76.97%.