Problem 16-56 (Static) Find Missing Data for Profit Variance Analysis (LO 16-4)The following, partially complete profit variance analysis is from October for La Salle Manufacturing:Required:Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventorylevel changes.)Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" forunfavorable. If there is no effect, do not select either option.Sales revenueVariable manufacturing costsReportedIncomeStatement(18,000 units)ManufacturingVarianceMarketing andAdministrativeFlexible BudgetVarianceSales Price VarianceSales Activity VarianceMasterBudget(19,200 units)18,000 units$468,000$486,000$14,400 F9,120 F57,600Variable marketing and administrative costsContribution margin$297,600

Step 1:The sales price variance is calculated as follows: Sales price variance = Sales revenue from…

Answered: Problem 16-56 (Static) Find Missing…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 32P: Sulert, Inc., produces and sells gel-filled ice packs. Sulerts performance report for April follows:...

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ty Variance OF Master Budget (19,200 units) 57,600
Problem 16-57 (Static) Find Data for Profit Variance Analysis (LO 16-4) McCoy Industries has prepared the following, partially complete profit variance analysis: Required: Find the values of the missing items. Assume that actual sales volume equals actual production volume. (There are no inventory level changes.) Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative costs Contribution margin Less: Fixed manufacturing costs Reported Income Statement (based on actual sales volume) > Answer is not complete. Flexible Budget (based Master Budget (based on Manufacturing Variance Marketing and Administrative Variance Sales Price Variance on actual sales volume) budgeted Sales Activity Variance sales volume) 10,000 F 50,000 $ 16,200 F F $ 135,000 U 19,440 $ 8,100 U LL…
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Compute for: 1. Total gross profit variance 2. Sales mix variance 3. Final sales volume variance Note: Indicate if it is favorable or unfavorable
Show transcribed image text 15.What activity variances would Adger report with respect to each of its expenses? (Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance). Input all amounts as positive values.) [The following information applies to the questions displayed below.] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers.
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S1: Cost price variance is computed by deducting cost of sales this year at last year's cost price from cost of sales this year. S2: Sales this year at last year's price is the same as sales last year at this year's quantity. A. both are true C. S1 is true D. S2 is true B. both are false
Compute for the following and indicate if its FAVORABLE or UNFAVORABLE Format: 11,111 F or 11,111 U 1. Cost price variance = 2. Cost volume variance= 3. Total gross profit variance=
Which of the following about gross profit variance analysis is most correct? a. Results of the gross variance analysis should be published at least annually to improve the company’s transparency. b. All of the choices are correct. c. Gross profit variance analysis is a management tool used to track gross profit and improve its performance and profitability in the future. d. A zero-gross profit variance absolutely indicates that the company is able to sell its products at the same price and at the same volume as budgeted or as previous year’s.
kk. Subject :- Accounting
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