Ridge Point Company's budgeted sales were 22,500 units at $76 per unit. Actual sales were 21,750 units at $79 per unit. What was Oaks Edge sales price variance?
Q: FINANCIAL ACCOUNTING 5.8
A: Concept of Sales Units per Day:Sales units per day represent the number of units an individual is…
Q: FGH Floral Company has a delivery truck that is being sold after 5 years of use. The current book…
A: Explanation of Gain or Loss on Sale: When an asset is sold, the difference between the sale price…
Q: What are the estimated direct labor costs?
A: Explanation of Semi-Variable Costs:Semi-variable costs, also known as mixed costs, consist of both…
Q: General Accounting
A: Effective Annual Rate = (1+APR/No. of periods)^No. of periods-1 Effective Annual Rate =…
Q: Can you please give me correct answer the general accounting question?
A: Explanation: In the given case, we are required to calculate the direct materials price variance…
Q: Provide answer general Accounting
A: To calculate the material price variance, we use the following formula: Material Price Variance =…
Q: ABC ended the year with an inventory of $822,000. During the year, the firm purchased $5,258,000 of…
A: To calculate the beginning inventory for ABC Company, we use the basic inventory equation:…
Q: On December 31, Campbell Company had an ending inventory of $53,700 based primarily on a physical…
A: Initial InformationThe reported ending inventory is $53,700, based on the physical count.We will…
Q: Need help with this accounting questions
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is calculated…
Q: Financial accounting
A: Step 1: Define Variable CostingVariable costing (direct costing) is a method used in accounting. In…
Q: Explain the concept of revenue recognition. What are the criteria that must be met before revenue…
A: Detailed explanation:Revenue recognition is the accounting principle that determines the specific…
Q: What is the annual interest expense of this accounting question?
A: Annual interest expense = Principal amount of loan x Annual interest rateAnnual interest expense =…
Q: Tag. General Account
A: The scenario has two key points:Government collects more in tax revenue than it spends: This is a…
Q: I want a proper analysis of Mauritian Revenue Laws regarding Tax Avoidance and Tax Evasion.
A: Approach to solving the question:Step 1: Find out what the laws are in Mauritius that cover tax…
Q: ?? Help
A: Explanation of Selling Price Per Unit:The selling price per unit represents the amount a company…
Q: Cost of the product?
A: Explanation of Manufacturing Cost: Manufacturing cost represents the total cost directly associated…
Q: Need help with this accounting question please solve
A: Step 1: Define GoodwillGoodwill is an intangible asset that represents the excess amount paid by a…
Q: Question 45 . Related to financial accounting. 4 marks
A: Explanation of Net Income:Net Income represents the total earnings of a company after deducting all…
Q: Firoz
A: Step 1: Given Value for Calculation Net Income = ni = $16,700Average Total Assets = ata = $115,200…
Q: Accounting question
A: Step 1: Define High Low MethodHigh Low Method can be useful in segregating the fixed and variable…
Q: What is the weight of the preferred stock as it relates to the firm's weighted average cost of…
A: Market Value of Bonds = Face Value * % of Face ValueMarket Value of Bonds = 250,000*85%Market Value…
Q: Please provide this question solution general accounting
A: To answer your question, let's break it down step by step. 1. What is the PEG ratio? The PEG ratio…
Q: A company's return on assets should be greater than its return on equity. True or False?
A: Key Points:1. Return on Assets (ROA):Measures how efficiently a company uses its total assets to…
Q: Hi expert provide correct answer general accounting
A: Step 1: Define Net IncomeNet income is the difference between expense and revenue. The expense of a…
Q: Provide correct answer general accounting
A: Step 1: Define Taxable IncomeUnless the law explicitly permits a specific legal exception, a…
Q: What is the amount of income or loss from acceptance of the offer?
A: To calculate the income or loss from accepting the export offer, we need to focus on the…
Q: Prepare journal entries
A: Step 1:1) Journal entry to record the purchase of raw materials on account.Raw materials inventory…
Q: A company has net working capital solve this general accounting question
A: To calculate how many dollars worth of sales are generated from every $1 in total assets, we need to…
Q: Need help with this accounting questions
A: Step 1: Definition of Indirect Cost AllocationIndirect cost allocation involves distributing…
Q: Need help with this general accounting question
A: Step 1: Definition of Cost AllocationCost Allocation: Cost allocation is the process of assigning…
Q: Clanton Company is financed 75 percent by equity... Please provide answer the accounting question
A: Step 1: Define Retention RatioThe retention ratio refers to the proportion of net income retained in…
Q: Not use ai solution please given answer financial accounting
A: Step 1: Define Cost of Goods SoldThe cost of goods sold is the accumulated total that has been…
Q: Financial Account
A: Step 1: Understanding Variable CostingUnder variable costing, the cost of inventory includes only…
Q: Do fast answer of this accounting questions
A: To calculate the predetermined overhead rate, we use the formula: Predetermined Overhead Rate =…
Q: None
A: Step 1: Define Accrued ExpensesThe accrued expenses are those expenses that are not paid off yet.…
Q: Financial accounting
A: Step 1: Define Net IncomeNet income can be defined as the total revenue or income an individual or…
Q: Pima, inc. Manufacturis calculator solve this question
A: Step 1: Define Gross Profit per UnitGross profit represents the difference between the selling price…
Q: Hii expert please provide correct answer general Accounting
A: Step 1: Define Standard CostThe standard cost is the benchmark that a company set to produce one…
Q: I need answer of this question solution general accounting
A: Explanation: The cost to be allocated to product Y based on material receipts will be calculated…
Q: Want solution step by step to this accounting problem
A: Explanation of Total Assets:Total Assets represent everything of value owned by the company at a…
Q: Mountain valley company has assets solution this general accounting question
A: Step 1: Definition of Net IncomeNet Income: This is the excess of revenues over expenses during a…
Q: The Jewel Fool had the following inventory items on hand at the end of the year. Quantity Cost per…
A: To determine the lower of cost or market (LCM) per unit and the total amount to be reported on the…
Q: General Accounting question
A: Step 1: Define Net IncomeNet income is the difference between total revenues and total expenses.…
Q: Can you please solve this following requirements on these general accounting question?
A: Step 1: Define Variance AnalysisVariance analysis means analyzing the difference between the…
Q: Lucy Company, Inc. had $812,000 in sales, sales discounts of $12,180, sales returns and allowances…
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: ROA??
A: Computation of the company's return on investment: Company′s return on investment=(Net income /…
Q: The number of equivalent units
A: Explanation of Work in Process (WIP): Work in Process represents the partially completed units in a…
Q: Need help with this accounting question please answer
A: Step 1:Gross Profit can be calculated by subtracting the cost of goods sold from the net sales. Step…
Q: Need Answer of this Question please get answr
A: Step 1: Define ProfitProfit is an important metric of business operation, which can be achieved if…
Q: Hii expert please given answer
A: To calculate the future value (FV) of the deposit, we use the formula for compound interest: FV…
What was oaks edge sales price variance?
Step by step
Solved in 2 steps
- Planned sales are 10,000 units at $7.00 per unit. Actual sales are 11,000 units at $6.50 per unit. Which of the following statements is not true? a. The revenue volume variance is favorable. b. The total revenue variance is unfavorable. c. The revenue volume variance is $7,000. d. The revenue price variance is unfavorable.Marathon Sports Equipment Company projected sales of 79,000 units at a unit sales price of $12 for the year. Actual sales for the year were 74,000 units at $14 per unit. Variable costs were budgeted at $3 per unit, and the actual amount was $6 per unit. Budgeted fixed costs totaled $377,000, while actual fixed costs amounted to $415,000. What is the sales volume variance for total revenue? ..... O A. $88,000 favorable O B. $60,000 favorable O C. $60,000 unfavorable O D. $88,000 unfavorableActual sales price is 14% higher than budgeted, actual sales volume in units is 10% lower than budgeted, actual sales revenue in dollars is 2.6% higher than budgeted, actual input prices are 5% lower than budgeted, and actual input quantities per unit are 5% lower than budgeted. Characterize sales price and sales volume variances as favorable (F) or unfavorable (U): sales price variance = F; sales volume variance = F O sales price variance = U; sales volume variance = U not enough information sales price variance = F; sales volume variance = U O sales price variance = U; sales volume variance = F
- You have asked your sales manager to explain why budgeted revenues for your division are below expectations. The budget indicated $1,039,500 of revenues based on a sales volume of 1,485,000 units. Sales records indicate that 1,500,400 product units were actually sold, but revenues were only $1,020,272. Calculate the sales price variance, the sale volume variance, and the total revenue variance. Sales price variance $ Unfavorable Sales volume variance $ Favorable Total revenue variance $ UnfavorableKomatsu company’s budget for sales was 1,000 of small size tractor for $1,200 per the tractor. The company’s actual sales was $1,365,000, sales units for 1,300 bikes. What are the Sales Price Variance and Sales Activity Variance? And show in graph.Top managers of Cole Industries predicted 2018 sales of 14,600 units of its product at a unit price of $7.00. Actual sales for the year were 14,000 units at $10.50 each. Variable costs were budgeted at $2.60 per unit, and actual variable costs were $2.70 per unit. Actual fixed costs of $43,000 exceeded budgeted fixed costs by $4,500. Prepare Cole's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this variance? Prepare a flexible budget performance report for the year. First, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line. Finally, compute the total variances. (Enter a "0" for any zero balances. For any $0 variances, leave the Favorable (F)/Unfavorable (U) input blank.) Cole Industries Flexible Budget Performance Report For the Year Ended December 31, 2018 1 2 3 4 5…
- COA Manufacturing Company's budget for the coming year revealed the following unit data. Budgeted Net Income : P458,000 Variable Manuf. : P14 Variable Selling : P2.50 Variable General : P 0.25 Unit Selling Price: P50 Fixed Manuf. : P12 Fixed Selling : P5.50 Fixed General : P 7 Compute for the margin of safety in peso and in percentage.Midnight Sun Outfitters projected sales of 76,000 units for the year at a unit sales price of $12.00. Actual sales for the year were 72,000 units at $15.00 per unit. Variable costs were budgeted at $4.50 per unit, and the actual variable cost was $4.75 per unit. Budgeted fixed costs totaled $378,000, while actual fixed costs amounted to $410,000. What is the sales volume variance for operating income? Group of answer choices $30,000 favorable $166,000 unfavorable $30,000 unfavorable $136,000 unfavorableThe Ferguson Company estimated that October sales would be 100,000 units with an average selling price of $6.00. Actual sales for October were 105,000 units, and average selling price was $5.95. The sales volume variance was: Multiple Choice О $5,250 unfavorable. $5,250 favorable. $5,000 unfavorable. О $5,000 favorable.
- The next year's budget for Trend, Incorporated, a multi-product company, is given below: Sales Variable costs Fixed costs Net income Units Product Lines At the end of the year, the total fixed costs and the variable costs per unit were exactly as budgeted, but the following units per product line were sold. Trend, Incorporated analyzes the effects its sales variances have on the profitability of the company. 4 A B O $3,570.00 O $20,815.00 Product A $ 1,890,000 926,100 500,000 463,900 252,000 O $33,915.00 What is the total sales quantity variance? O $40,553.50 Units 253,230 113,770 Product B $ 1,377,000 596,700 500,000 280,300 108,000 Sales $ 1,848,579 $ 1,479,010Benefit Pillow Company projected sales of 76,000 units for the year at a unit sales price of $13.00. Actual sales for the year were 72,000 units at $20 per unit. Variable costs were budgeted at $4.50 per unit, and the actual variable cost was $4.75 per unit. Budgeted fixed costs totaled $377,000 while actual fixed costs amounted to $400,000. What is the flexible budget variance for operating income? A. $463,000 unfavorable OB. $235,000 unfavorable OC. $463,000 favorable D. $486,000 favorable CZERasper Co has the following budget and actual figures for 20X4. Details Budget Actual Sales units 600 620 Selling price per unit $30 $29 Standard full cost of production = $28 per unit. Required: Calculate the selling price variance and the sales volume profit variance.