gena Question:In Bramble Corp.'s income statement, they report a gross profit of$44,000 at standard and the following variances:Materials price$420 FMaterials quantity600 FLabor price420 ULabor quantity1,000 FOverhead900 FBramble would report an actual gross profit of:a. $40,660.b. $47,340.c. $41,500.d. $46,500.

Let's approach this step-by-step: First, we need to understand what these variances mean:Favorable…

Answered: Question: In Bramble Corp.'s income…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 24E: Rosenberry Company computed the following revenue variances for January: Revenue price variance...

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Compute for the following: Total gross profit variance = Price variance = Price-Quantity variance = Cost variance = Cost-Quantity variance = Format: 11,111 F or 11,111 U
Compute the following: Total gross profit variance Sales mix variance Final sales volume variance Format: 11,111 F or 11,111 U
Sunny Corporation has collected the following data for one of its products: Direct materials standard (3 pounds per unit @ $0.40/lb.) Actual direct materials purchased Actual Direct Materials Used (AQU) Actual Price (AP) paid per pound How much is the direct materials price variance? O A. $1,610 unfavorable B. $2,240 favorable C. $1,610 favorable O D. $2,240 unfavorable $1.20 per finished good 32,000 pounds 23,000 pounds $0.47
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The Perize Corporation used regression analysis to predict the annual cost of indirect materials. The results were as follows: Indirect Materials Cost Explained by Units Produced Constant $15,685 Standard error of Y estimate $3,500 r2 0.7832 Number of observations 20 X coefficient(s) 10.25 Standard error of coefficient(s) 2.1876 What is the cost function? Select one: a. Y = $19,185 + $4.48X b. Y = $15,685 + $10.25X c. Y = $12,285 + $10.25X d. Y = $3,500 + $5.15X
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Please help me with show calculation thanku

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