What is the total sales volume variance and contribution margin? The XTRA Appliance Manufacturing Corporation manufactures twovacuum cleaners, the Standard and the Super. The following informationwas gathered about the two products:Standard SuperBudgeted sales in units3,0001,000Budgeted selling price$500$850Budgeted contribution margin per unit $210$550Actual sales in units3,5001,500Actual selling price$300$640What is the total sales-volume variance in terms of the contributionmargin?a. 1,200,000 Ub. 380,000 Uc. 380,000 Fd. 340,000 U

Step 1: Define Sales Volume VarianceDifferences between the budgeted and actual quantity affecting…

Answered: The XTRA Appliance Manufacturing…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 5EB: Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following...

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Larry's Woodworks has collected the following data for its cutting board line of products: K Direct materials standard Direct materials standard cost Actual Direct Materials Used (AQU) Actual finished goods purchased What is the direct materials quantity variance? 10 pounds per unit $0.54 per pound 40,000 pounds 4,100 units OA. $17,860 unfavorable OB. $17,860 favorable OC. $540 unfavorable OD. $540 favorable
CT Co uses a standard absorption costing system and manufactures and sells a single product called the DG. The standards cost and selling price details for the DG are as follows. $ per unit Variable cost 12 Fixed cost 4 16 Standard profit 6 Standard selling price 22 The sales volume variance reported in June was $12,000 adverse. CT Co is considering using standard marginal costing as the basis for variance reporting in the future. (a) Calculate the sales volume variance that would be shown in a marginal costing operating statement for June.
Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following cost data represents average variable costs per unit for 25,000 units of production. Using the costs data from Rose Company, answer the following questions: A. If 15,000 units are produced, what is the variable cost per unit? B. If 28,000 units are produced, what is the variable cost per unit? C. If 21,000 units are produced, what are the total variable costs? D. If 29,000 units are produced, what are the total variable costs? E. If 17,000 units are produced, what are the total manufacturing overhead costs incurred? F. If 23,000 units are produced, what are the total manufacturing overhead costs incurred? G. If 30,000 units are produced, what are the per unit manufacturing overhead costs incurred? H. If 15,000 units are produced, what are the per unit manufacturing overhead costs incurred?
What is the direct price variance on these general accounting question?
Provide Answer for A B and C.. please provide with Step
Can you show me how this is done? How do I know if it is favorable or unfavorable? Warren Company manufactures pans. Below is the information related to its direct material costs: Standard amount of material used per pan 1.9 lb. Standard cost per lb $5.2 Actual amount of material used per pan 1.2 lb Actual cost per lb $4.5 Actual number of pans produced and sold 2,360 Warren’s direct material spending variance is $__________ Indicate the amount and whether it is Favorable or Unfavorable by placing F or U by amount, do not skip a space and do not use $ in your answer. For example, if your answer is $1,000 favorable, answer 1000F Selected Answer: 4,335 Correct Answer: 10,573 ± 2 (F)
Franklin Manufacturing Company established the following standard price and cost data: Sales price $ 8.60 per unit Variable manufacturing cost $ 3.90 per unit Fixed manufacturing cost Fixed selling and administrative cost Franklin planned to produce and sell 2,300 units. Actual production and sales amounted to 2,400 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable or unfavorable, d. Determine the amount of fixed cost that will appear in the flexible budget. e. Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity. Complete this question by entering your answers in the tabs below. $ 2,700 total $ 700 total Req A and B Reg D a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable or unfavorable. Note: Select "None" if there is no effect (i.e., zero variance). Sales Variable manufacturing Reg E Volume Variances
Acme Inc. has the following information available: Actual price paid for material $1.00 Standard price for material $1.10 Actual quantity purchased and used in production 100 Standard quantity for units produced 130 Actual labor rate per hour $15 Standard labor rate per hour $17 Actual hours 200 Standard hours for units produced 230 A. Compute the material price and quantity, and the labor rate and efficiency variances. Enter all amounts as positive numbers. Material price variance Material quantity variance Labor rate variance Labor efficiency variance
LMN Inc. has the following information available: 1 Compute the material price and quantity, and the labor rate and efficiency variances. 2 Describe the possible causes for this combination of favorable and unfavorable variances. Actual price paid for material 1.00 Standard price for material 1.10 Actual quantity purchased & used in production 100.00 Standard quantity for units produced 110.00 Actual labor rate per hour 15.00 Standard labor rate per hour 14.00 Actual hours 200 Standard hours for units produced 190
Please help me
Acme Inc. has the following information available: Actual price paid for material $0.90 Standard price for material $1.00 Actual quantity purchased and used in production 90 Standard quantity for units produced 100 Actual labor rate per hour $14 Standard labor rate per hour $16 Actual hours 190 Standard hours for units produced 220 A. Compute the material price and quantity, and the labor rate and efficiency variances. Enter all amounts as positive numbers. Material price variance $fill in the blank 1 Material quantity variance $fill in the blank 3 Labor rate variance $fill in the blank 5 Labor efficiency variance $fill in the blank 7
Acme Inc. has the following information available: Actual price paid for material $1.00 Standard price for material $0.80 Actual quantity purchased and used in production 100 Standard quantity for units produced 120 Actual labor rate per hour $15 Standard labor rate per hour $13 Actual hours 190 Standard hours for units produced 210 A. Compute the material price and quantity, and the labor rate and efficiency variances. Enter all amounts as positive numbers. Material price variance $fill in the blank 1 Material quantity variance $fill in the blank 3 Labor rate variance $fill in the blank 5 Labor efficiency variance $fill in the blank 7 B. What are some possible causes for this combination of favorable and unfavorable variances?

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