Techie Gear sells smartphones. In June 2022, it sold 500 smartphones at an average price of $800 each. The June 2022 budget included sales of 520 smartphones at an average price of $750 each. Compute the sales price variance and the sales volume variance for June 2022.

Q: A clothing retailer purchased $22,000 worth of winter coats in December. The store had $8,700 worth…

A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) refers to the direct costs…

Q: Summit Furniture shipped out an order on April 5th (FOB destination) for a total of $32,500.00. The…

A: Step 1: Definition of Accounts Receivable (AR)Accounts receivable refers to the outstanding invoices…

Q: Financial accounting

A: The required return can be calculated using the Gordon Growth Model (Dividend Discount…

Q: hello tutor provide answer General accounting

A: Step 1: Define Lockbox System SavingsA Lockbox System is a service provided by banks to reduce the…

Q: What is the cost per equivalent unit ?

A: Explanation of Weighted-Average Method: The weighted-average method is a process costing approach…

Q: Need help with this question solution general accounting

A: Step 1: Definition of Absorption Costing Unit Product CostAbsorption costing includes all…

Q: Financial Accounting MCQ

A: Explanation of Business Model Evolution:Business model evolution refers to the way a company…

Q: Need help

A: Step-by-Step Calculation: Sales Level Required to Achieve Desired Profit Step 1: Understanding the…

Q: General Accounting

A: Step 1: Define Predetermined Overhead RateThe predetermined overhead rate is the estimated…

Q: 4 POINTS

A: Concept of Revenues: Revenues refer to the total amount of money generated by the business from its…

Q: Accurate Answer

A: Structural dependency analysis is essential for understanding system or organisation component…

Q: I want answer

A: To find the required sales level in units, we'll use the following formula:Required Sales = (Fixed…

Q: Given answer with calculation

A:

Q: Need help with this question solution general accounting

A: 1. Understanding Period Costs under Variable CostingUnder the variable costing method, only fixed…

Q: Kenwood would repya gross profit of

A: Concept of Gross ProfitGross profit is the difference between a company's sales revenue and the cost…

Q: Do fast answer of this question general accounting

A: Standard overhead rate = Estimated overhead cost / Estimated machine hoursStandard overhead rate =…

Q: Not use chart gpt please solve this question general accounting

A: Step 1: Define Total Fixed CostTotal fixed costs are the business expenses that remain constant…

Q: Provide correct solution and accounting question

A: Calculation of Total Expected Defective UnitsTotal Defective Units = 6% of Units Sold…

Q: Hank, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In…

A: Part A: After-tax income if Hank sends the bill in December 2024If Hank bills in December, he'll…

Q: I want to this question answer general accounting

A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) measures how efficiently a company…

Q: Help with accounting

A: The receivable turnover ratio is calculated using the formula:Receivable Turnover Ratio = Net Credit…

Q: What is the ending balance in stockholders equity?

A: Step 1: Definition of Stockholders' EquityStockholders' equity represents the residual interest in a…

Q: Don't use ai solution do fast answer of this question general accounting

A: Step 1: Define Absorption CostingAbsorption costing is a costing approach that includes all direct…

Q: What is the cash balance at the end of July?

A: Step 1: Analysis of information givenBeginning Cash Balance (July 1, 2022) = $15,400Deposits =…

Q: Solve this Accounting problem

A: To estimate the expected price of Swift Freight's stock using the method of comparables, we use the…

Q: The work in process inventory?

A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is an estimated rate used…

Q: Complete the attached table and explain with the below info - also calculate the missing values -…

A: 1. Current Service Cost:This is the cost of benefits earned by employees in the current period.The…

Q: Provide correct answer this financial accounting question

A: Step 1: Define Net SalesNet Sales refers to the revenue earned from sales after deducting returns,…

Q: Laxmi Corporation reported financial information for the year 2016 as follows: The company had a net…

A: Step 1:The other comprehensive income includes the items that are not included in the calculation of…

Q: Financial Accounting

A: Step 1: Introduction to cost accountingThe field of accounting known as cost accounting is utilized…

Q: I don't need ai answer general accounting question

A: Given Data:Common stock outstanding = 80,000 sharesPreferred stock outstanding = 15,000 sharesShares…

Q: I want answer

A: Step 1: Calculation of Average Accounts ReceivablesStep 2: Calculation of Days' Sales in Accounts…

Q: The balance sheet for Simmons

A: Concept of Working CapitalWorking capital is a key measure of a company's short-term financial…

Q: Cost of equipment?????

A: Baber Corporation has the following data for a proposed investment:Useful life: 11 yearsYearly net…

Q: 4 POINTS

A: Explanation of Work-in-Process Inventory: Work-in-process inventory represents partially completed…

Q: What is the correct answer with accounting question

A: Step 1: Definition of Contribution Margin and Operating IncomeContribution Margin is the difference…

Q: What is accounting and how many type of accounting?

A: What is Accounting?Accounting is the process of recording, summarizing, analyzing, and reporting…

Q: Question 5.5

A: Concept of Shares: Shares represent ownership in a company, with each share providing a claim to a…

Q: Correct Answer

A: To apply factory overhead costs, we use the predetermined overhead rate (POHR), which is calculated…

Q: At year-end, Green Tech Inc. has cash of $20,000, current accounts receivable of $50,000,…

A: Step 1: Definition of Average Collection PeriodThe average collection period measures the average…

Q: Quick answer of this accounting questions

A: Step 1: Definition of Journal Entry for Direct Material PurchaseThe Journal Entry for Direct…

Q: What would the net realizable value of account receivable?

A: Explanation of Accounts Receivable:Accounts receivable represents the money that customers owe a…

Q: I need help with this problem and accounting

A: Step 1: Definition of Cash Flow Cycle (Cash Conversion Cycle)The Cash Flow Cycle, also known as the…

Q: What distinguishes integrated control frameworks from isolated checks? a) Separation improves…

A: Understanding Integrated Control Frameworks vs. Isolated ChecksIn management and governance, control…

Q: Give me step by step explanation for general accounting question

A: Step 1: Understanding the Transaction DetailsFairway Corporation issued 40,000 shares of common…

Q: What is the quick ratio?

A: 1. Understanding the Quick RatioQuick Ratio = Quick Assets / Current LiabilitiesQuick Assets are…

Q: Accounting

A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a profitability ratio that…

Q: On July 1, 2018, Nestle Ltd. purchased a patent for $250,000 cash. Although the patent provides…

A: Explanation of Patent:A Patent is a legal right granted to an individual or company to exclusively…

Q: Hi expert please give me answer general accounting question

A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is an estimated…

Q: The financial statements of SolarTech Industries report net sales of $1,350,000 and accounts…

A: Step 1: Definition of Average Collection PeriodThe average collection period measures the number of…