Core Tech Solutions sells laptops. During March 2024, it sold 510 laptops at a $1,550 average price each. The March 2024 budget included sales of 495 laptops at an average price of $1,600 each. Compute the sales price variance and the sales volume variance for March 2024.
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Compute the sales price variance for March 2024
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- What is COGS?Using the income statement below, please compute the correct variance in total revenue (horizontal analysis) in Korean Won (Billion) and in percentage between the years ending 12/31/2023 and 12/31/2020 and chose the correct answer": yahoo/finance Search for news, symbols or companies My Portfollo Markets Research Personal Finance Videos Hyundai Motor Company (HYMTF) 60.50 -0.30 (-0.49%) a Compare 142.151.469000 Finance Sports Currency in KRW Operating Revenue 142 151,449.000 117610,826.000 Cost of Revenue 113.879.569.000 95,680,131,000 $5.515.931.600 21.930.495.000 18.481,670,000 Operating Expanse 16.066.999.000 12.709.579.000 10,100083,000 11.412632.000 151.341.000 1.449.597.000 Selling & Marketing Expense 8.644.742 000 9.963,035.000 A. 58,665,978,000 in KRW or 56.41% B. 56.775,778,000 in KRW or 46,21% C. 59,231,619,000 in KRW or 66,29% D. 62.589,770,000 in KRW or 71.59%Mercurius sells bicycles. The following data relates to the most recent quarterly sales forecast: Expected Sales (units) Target Inventory at End of Month (units) June 1,450 345 July 1,615 460 August 1,667 454 Mercurius' cost for one bicycle is $130. What dollar amount should the company budget for July purchases?(Answer without comma separators, e.g., 1000 instead of 1,000)
- a. Using the least squares method, develop the equation for predicting weekly receiving report costs based on the number of shipments received. b. What is the predicted amount of receiving report costs for a month (assume a month is exactly four weeks) in which 165 shipments are received?I need help with this general accounting problem using proper accounting guidelines.Using the income statement below, please compute the correct variance in total revenue (horizontal analysis) in Korean Won (Billion) and in percentage between the years ending 12/31/2023 and 12/31/2020 and chose the correct answer": yahoo/finance Search for news, symbols or companies a News Finance Sports More My Portfolio News Markets Research Personal Finance Videos Follow Compare News Research Chart Community Statistics Hyundai Motor Company (HYMTF) 60.50 -0.30 (-0.49%) At close: August 13 at 4:00 PM EDT Balance Sheet Cash Flow Dividends Historical Data All numbers in thousands יוויון Sustainability Breakdown Currency in KRW Annual Quarterly Download Collapse All 15 TTM 12/31/2023 12/31/2022 12/31/2021 12/31/2020 165,543,425,000 162,663,579,000 142,151,469,000 117,610,626,000 103,997,601,000 Total Revenue Operating Revenue Cost of Revenue Gross Profit Operating Expense 165,543,425,000 162,663,579,000 142,151,469,000 117,610,626,000 103,997,601,000 131.353,259,000 129.179.183.000…
- Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 60,500 units per year, an ordering cost of $12 per order, and carrying costs of $1.20 per unit.a. What is the economic ordering quantity?___________Units b. How many orders will be placed during the year? __________Orders c. What will the average inventory be? ____________Units d. What is the total cost of ordering and carrying inventory? $____________I need Answer1. If last year's sales were $906,050 and a store was planning an increase in sales of 3.75% and a markdown percent of 18.25%, what is the planned markdown in dollars? (Present your answer rounded to the dollar with a dollar sign and comma separator (i.e. $109,455).) 2. Using the following data, calculate the planned April purchases at cost. (Present your answer rounded to the dollar with a dollar sign and comma separator (i.e. $109,455).) Sales $220,000 BOM Stock for April $380,000 BOM Stock for May $240,000 Markup 51% Markdowns 2.3%
- Calculate gross profit, cost of goods sold, and selling price MBI Inc, had sales of $900 million for fiscal 2022. The company’s gross profit ratio for that year was 37.5%.Required:Calculate the gross profit and cost of goods sold for MBI for fiscal 2022.Assume that a new product is developed and that it will cost $1,625 to manufacture. Calculate the selling price that must be set for this new product if its gross profit ratio is to be the same as the average achieved for all products for fiscal 2022.From a management viewpoint, what would you do with this information?Review the following Tableau dashboard, which was created using the data forecast for next year: Average Days-to-Sell 0 10 20 30 40 50 60 70 80 90 100 110 0% 10% The Slumber Store (TSS) O Beds O Mattresses O Pillows O Sheets Sheets Sales $80,000 Mattresses Sales $450,000 20% Pillows Sales $40,000 30% Average Gross Profit Percentage 40% 50% 60% Beds Sales $200,000 70% 80% +ableau 47 H 7. Identify the product line most likely to require a write-down when applying the lower of cost and market/net realizable value rule.Calculate the gross profit margin and profit margin for bot year ?