Ronny Electronics budgeted sales at 24,000 units at $85 per unit. The actual sales were 23,500 units at $88 per unit. What was Ronny Electronics' sales price variance?
Q: What is the budgeted cost of goods sold for July on these general accounting question?
A: Step 1: Define Cost of Goods Sold (COGS)The Cost of Goods Sold (COGS) represents the total direct…
Q: Wat solution
A: To determine the contribution margin, we use the formula for the Degree of Operating Leverage…
Q: Provide correct option
A: Step 1: Definition of Cost Allocation for Property AcquisitionCost allocation for property…
Q: General accounting question
A: Step 1: Definition of Cash Received with Sales Discount and AllowanceWhen a customer is granted a…
Q: Under variable costing total period costs are
A: Concept of Variable CostingVariable costing is a cost accounting method in which only variable…
Q: What is the amount of the prime costs?
A: Explanation of Prime Costs:Prime costs refer to the direct expenses incurred in manufacturing a…
Q: Answer this question .
A: To determine the operating leverage for Florida Citrus Farm in 2014, we need to calculate the degree…
Q: What is the correct answer? General accounting question
A: Step 1: Define Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) measures the…
Q: overhead application rate
A: Step 1: Definition of Overhead Application RateThe overhead application rate is the rate used to…
Q: I want to correct answer general accounting
A: Given:Net income = $620,000Cash flow from operating activities = $540,000 Formula:Quality of…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Net Cash Provided by Operations (Indirect Method)Under the indirect method,…
Q: Hello tutor please help me with accounting questions
A: Step 1: Calculation of Net SalesNet Sales = Sales Revenue - Sales Returns and Allowances - Sales…
Q: please give me with answer accounting
A: Step 1: Definition of High-Low MethodThe High-Low Method is a cost estimation technique used to…
Q: Hello tutor please help me this question
A: Step 1:Predetermined overhead rate is a single rate under traditional method of cost allocation,…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) Ratio is a financial…
Q: The following are budget data for Dalton
A: Given Data:Production in February = 20,500 unitsProduction in March = 18,400 unitsRaw materials…
Q: Determine the amount of cash receivable
A: Explanation of Sales Reported:Sales reported refer to the total revenue recognized by a company…
Q: Question: A company's cash account has a balance of $851 as of July 31. The bank statement for this…
A: Bank Reconciliation Solution: Step 1: Key DefinitionsBank Reconciliation: Bank reconciliation is the…
Q: not use ai solution give answer of this General accounting question
A: Step 1: Define Cash Collected from CustomersCash collected from customers represents the actual cash…
Q: WHAT IS NARU'S OPERATING LEVERAGE ?
A: Operating leverage is calculated using the degree of operating leverage (DOL) formula: DOL=Net…
Q: Liabilities have changed during that same period?
A: Explanation of the Accounting Equation:The accounting equation is a fundamental principle in…
Q: Accurate answer
A: The reorder point is the inventory level that triggers a new order to replenish stock before running…
Q: What is the Receivable turnover ratio?
A: Concept of Receivables Turnover RatioThe Receivables Turnover Ratio measures how efficiently a…
Q: hello teacher please solve account questions
A: Part a.Step 1 - Value at retirementGiven:Annual amount A = 39,000Period n = 20 yearsInterest rate r…
Q: What would be the cost per equipment unit
A: Explanation of Equivalent Units of Production (EUP):Equivalent Units of Production (EUP) represent…
Q: Need help with this question solution general accounting
A: Calculation of the change in LIFO reserveChange in LIFO reserve = LIFO reserve at the end of 2023 -…
Q: Anant Enterprises has sales of $750, total assets of $450, and a debt/equity ratio of 1.80. If its…
A: Step 1: Net income can be calculated using the formula of the return on equity (ROE). Return on…
Q: His AGI is $41,000, he itemizes deductions, and his marginal tax rate is 15 percent.
A: Step 1: Definition of Itemized DeductionsItemized deductions are specific expenses that taxpayers…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Gross Profit MarginGross profit margin is a financial metric that indicates…
Q: What is the arithmetic average annual return per year ?
A:
Q: I want to correct answer general accounting question
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) refers to the direct costs…
Q: Assuming no safety stock, what is the re-order point (R) given an average daily demand of 65 units,…
A: The reorder point (R) is an essential component of inventory management that assists firms in…
Q: Materials quantity variance for may ?
A: Step 1: Definition of Materials Quantity VarianceMaterials Quantity Variance (MQV) measures the…
Q: need true answer : General accounting question
A: Step 1: Define Gross Profit Rate The gross profit is calculated by subtracting the cost of goods…
Q: Assume Newcome pays no taxes on this project.??
A:
Q: !??
A: Concept of Ending InventoryEnding inventory represents the number of unsold units that remain in…
Q: Please see an attachment for details general accounting question
A: Step 1: Define Asset DisposalWhen a company sells a fixed asset, the difference between the sale…
Q: What was Owner's equity at the end of the year .?
A: Step 1: IntroductionBeginning Owners' Equity represents the equity balance at the start of the…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Gross Profit Percentage and Return on Sales RatioGross Profit Percentage…
Q: given answer General accounting
A: Step 1: Definition of Accounts ReceivableAccounts Receivable is a current asset that represents the…
Q: Please given answer
A: Step 1: Definition of Variable CostingVariable costing is a costing method in which only variable…
Q: Answer
A: Explanation of Accounts Receivable Turnover:Accounts receivable turnover is a financial ratio that…
Q: MAX's Auto Repair, a proprietorship, started the year with total assets of $72,000 and total…
A: Explanation of Owner's Capital:Owner's capital represents the amount invested by the owner in a…
Q: What is the gross profit for these general accounting question?
A: Step 1: Define Gross ProfitGross Profit is the revenue generated from sales minus the cost of goods…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Cash Conversion Cycle (CCC)The Cash Conversion Cycle (CCC) is a key metric…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Book Value Per ShareBook Value Per Share (BVPS) is a financial metric that…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Gross MarginGross Margin represents the difference between Net Sales Revenue…
Q: Pure water's total liabilities are
A: Step 1: Definition of LiabilitiesLiabilities are the financial obligations of a business that must…
Q: What was the markup percentage?
A: Let's solve this step by step:Cost price per bicycle = $900Selling price per bicycle = $1,200Profit…
Q: At Baxter Company, as of June 30, the company has net sales of $400,000 and a cost of goods…
A: Concept of Gross ProfitGross profit is the difference between net sales and the cost of goods sold,…
What was Ronny Electronics sales price variance?


Step by step
Solved in 2 steps

- Zephyr Enterprises projected current year sales of 60,000 units at a unit sale price of $25.00. Actual current year sales were 65,000 units at $27.00 per unit. Actual variable costs, budgeted at $18.00 per unit, totaled $16.50 per unit. Budgeted fixed costs totaled $500,000, while actual fixed costs amounted to $520,000. What is the sales volume variance for total revenue?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 unfavorableZephyr Enterprises projected current year sales of 60,000 units at a unit sale price of $25.00. Actual current year sales were 65,000 units at $27.00 per unit. Actual variable costs, budgeted at $18.00 per unit, totaled $16.50 per unit. Budgeted fixed costs totaled $500,000, while actual fixed costs amounted to $520,000. What is the sales volume variance for total revenue? correct answer
- 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 $ UnfavorableI want the correct answer with accounting questionPlease given correct answer general accounting
- Chapman Incorporated sells a single product, Zud, which has a budgeted selling price of $41 per unit and a budgeted variable cost of $29 per unit. Budgeted fixed costs for the year amount to $53,500. Actual sales volume for the year (64,000 units) fell 11,500 units short of budgeted sales volume. Actual fixed costs were $54,500. With everything else held constant, what impact did the shortfall in volume have on profitability for the year?Provide answer pleaseTop 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…



