27 What is the percentage change in volume? * .Sample format: 11% or (11%)National Co. produces and sells cellular phone blaster, a gadget which explodes when activatedwith a remote commander. This is used by cell phone owners when their unit is snatched from themor is taken by thieves. The static master budget and the actual results of operations for the monthof June are as follows:Budget8,000 unitsP800,000480,000P 320.000AdualSalesCost of goods soldGross profit9,600 unitsP1,056,000556.800P499.200Management wants an expla ntation ofthe favorable gross profit variance ofP 179,200 (adu al grossprofit of P499,200 less budgeted gross profit of P320,000).

Percentage change in volume = (Actual units - Budgeted units) * 100/Budgeted units

Answered: percentage change in volume?

Business

Accounting

percentage change in volume?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: 7) What is an ESOP? What are the characteristics and rules of an ESOP plan?

A: ESOP stands for Employee Stock Ownership Plan. It is a kind of employee benefit plan that gives the…

Q: Q6. Suggest a reagent for the following conversion. OH

A: In the conversion shown, the goal is to oxidize a secondary alcohol (2-butanol) to a ketone…

Q: E12.10 (b)

A: Total issued and outstanding shares = 95000+25000+2000 = 122,000 shares Dividend declared on dec. 15…

Q: Identify the break-even point in the chart below: a. The yellow point b. None are the break-even…

A: The Break-even point is the level of sales at which Fixed Cost is equal to Contribution. In other…

Q: E11.18

A: Annual Interest on Bonds = Face value of bonds x rate of interest x year = 2400000*7%*1 year =…

Q: A tort is a basis for a action O criminal O criminal or civil

A: Tort refers to the wrong doing which is in legal form, where the one person commits wrong against…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts 1. Cash Account Particular Debit Particular Credit To capital A/c…

Q: iii. Do you think the regulatory requirements in Tier 2 should be tightened? Why or Why not?

A: Please note since, the context and industry has not been specified, this question has been answered…

Q: Question 25

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: Question 4 a/ Which three term structure facts should a good theory explain?

A: A good theory of the term structure of interest rates should explain the following three facts:

Q: the customer per small p the customer per large p= s Stork Enterprises have f gnize this tax…

A: A. Total tax charged to the customer per small package = 6% x $45 = $2.70Overall charge per small…

Q: 88 MULTIPLE CHOICE Question 7 Listen What is the inverse of the one-to-one function? A f¹(x) = x-5 3…

A: Step 1: SolutionGiven function: f(x)=3x+5We have to find what is the inverse of the one-to-one…

Q: The Probability and Return for the four financial instruments are given for your reference in the…

A: Given: Economy Probability(P) HSBC Pandemic 0.20 0.04 Recession 0.25 0.32 Normal 0.30 0.18…

Q: 321,818 is incorrect. What is the correct answer?

A: Revenue: We consider unit sales and price per unit to determine total revenue.Variable Costs: Based…

Q: 31.25 25.0

A: EPS=Earnings per share =0.36+0.42+0.39+0.43=1.60 Price Of shares =P P/E=Price/EPS

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: 1,352,113.13 is incorrect. What is the correct answer?

A: Net Present Value is used to evaluate the investment and financing decisions that involve cash flows…

Q: spatial distances

A: Spatial distance is actually the length of the path or straight line distance between two points. In…

Q: groupthink

A: Organization - Management's foundation is organization because, without effective organization, no…

Q: How do I do PR 20-3a

A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…

Q: What is the answer to part b? Is it -1245? Is the sign negative or positive?

A: The inventory valuation includes two methods named as FIFO (First in First Out) and LIFO (Last in…

Q: Explanation 1031 like-kind exchange

Q: Bill of exchange are of types 1 type 3 types 2 types 4 types

A: Bill of exchange means an instrument where the drawer draw the bill and after accepted by acceptor ,…

Q: 1(1.25)/1.1+[1(1.25)3/(0.10-0.06)]/1.1 Simply the equation.

A: 1(1.25)/1.1+[1(1.25)3/(0.10-0.06)]/1.1

Q: Which of the following value is concerned with the way we approach the end states?

A: Option a

Q: 5 examples of Riba al-Fadl

A: Riba al-Fadl is barter exchange of 2 similar commodities where either the quality or quantity is…

Q: What the agi

A: AGI means Adjusted Gross Income. It is the total income on which income tax payable would be…

Q: that particular year? Take ross income for oil as 22%.

A: Pay as you earn system or tax deduction at source in some countries are the advance tax payment…

Q: 1,525,394 is the wrong answer. what is the correct one?

A: The recovery of net working capital (NWC) refers to the return of funds initially tied to current…

Q: » 24 Which of the following transactions would be recorded in the general journal?

A: 24. The following transactions would be recorded in the general journal are given below:…

Q: The numbers indicate that it would be profitable to accept a special order. Should we consider any…

A: We often see companies receiving special orders for selling a product from some customers. To…

Q: 11 keeps getting wrong, even I put 1.3

A: The ratio is the technique used by the prospective investor or an individual or strategist to read…

Q: Question 6 Listen Which of the following sets represent an intersection, union, subset, and com-…

A: From the Venn diagram :A contains: {2,3,5,7}B contains: {2,4,6,8,10}The universal set S contains:…

Q: What is the biggest cause for the orange county failure?

A: In the year of 2014, Orange County, which was a prosperous district in Southern California declared…

Q: Find the value of the improper integral. The Integral Diverges 3/4 3/2 dx 12 h

A: An improper integral is said to be definite if their exists a limit and the solution is a finite…

Q: two questions

A: Prepare an income statement.

Q: 88 MULTIPLE CHOICE Question 6 Listen If f(x)= and g(x) = x²-16, then what is the value of f(g(4))? A…

Q: 4. What is sensitivity analysis?

A: What Is Sensitivity Analysis?

Q: 2R Code to answer the riddle. 3. 24 is what percent of 30 ?

A: A percentage is a fraction of an entire value represented as a value between zero and 100.…

Q: it say 1.33 is incorrect

Q: Which of the following statement is/are correct about US treasury securities? 1. All securities…

A: The US treasury securities refer to the fixed-income debt securities that are issued by the US…

Q: 5 basic of pulic sector ethics

A: Ethics implies the arrangement of rules that the association ought to follow. While in business,…

Q: An information will have predictive value if it can help to. a. Predict the environment b. Predict…

A: Forecasting: Forecasting is a method that uses previous data as inputs to produce well-informed…

Question

What is the percentage change in volume? * .
Sample format: 11% or (11%)
National Co. produces and sells cellular phone blaster, a gadget which explodes when activated
with a remote commander. This is used by cell phone owners when their unit is snatched from them
or is taken by thieves. The static master budget and the actual results of operations for the month
of June are as follows:
Budget
8,000 units
P800,000
480,000
P 320.000
Adual
Sales
Cost of goods sold
Gross profit
9,600 units
P1,056,000
556.800
P499.200
Management wants an expla ntation ofthe favorable gross profit variance ofP 179,200 (adu al gross
profit of P499,200 less budgeted gross profit of P320,000).

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Formula to calculate the percentage change in volume

VIEW

Calculation of the percentage change in volume

VIEW

Answer

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Q25
Question No 01 What is a difference between “Musharaka and Mudaraba”? What are the common basic rules between them to be followed? What are the uncommon rules between them?
Q30
4+1?
P10.5
7.Explain briefly on the misconception about Riba
Question 25 Case studies are usually descriptive in nature. O True O False
it say 43,636.36 is incorrect
Why woul it not be Schedule B
Q.3.2 Discuss technical insolvency and explain how this is different from absolute insolvency.
13 THE 3 PS (PEOPLE. PLANET. PROFIT)
7-3 A