Windsor Manufacturing planned to use $90 of material per unit but actually used $88 of material per unit. The company planned to produce 1,500 units but actually produced 1,200 units. What is the sales-volume variance?
Q: abc general accounting
A: Step 1: Definition of Accounts Receivable Turnover & Average Collection Period Accounts…
Q: What is this firm debt equity ratio? General accounting
A: Using the Du-Point AnalysisReturn on Equity=Profit Margin∗Total Asset Turnover∗Equity Multiplier…
Q: ACCOUNT
A: Step 1: Understanding the Gross Profit FormulaGross profit is calculated as: Gross Profit=Net…
Q: How much overhead is applied to work in process?
A: Compute the manufacturing overhead cost applied to the work in process by multiplying the total…
Q: Assuming that the gross profit
A: Concept of Net Sales RevenueNet sales revenue represents the total sales a company earns after…
Q: What role should the precautionary principle play in the development and application A of accounting…
A: Definitions Related to the Question:Precautionary PrincipleThe precautionary principle is a…
Q: Financial Accounting
A: To calculate net income, we use the profit margin formula:Profit Margin=SalesNet Income Rearranging…
Q: ans plz
A: To solve these, we'll use the basic accounting equation and the net working capital formula. a.…
Q: If a business has revenue of $677,000, cost of goods sold of $214,000, operating expenses of…
A: Concept of Gross ProfitGross profit is the amount a company earns after deducting the cost of goods…
Q: Solve this?
A: The question requires the determination of the DOL or the Degree of Operating Leverage. The degree…
Q: hello tutor provide correct answer General accounting question
A: Step 1: Analysis of information givenPrincipal (P) = $10,000Number of years (N) = 5Annual rate (r) =…
Q: please help with how im supposed to solve this
A: Step 2: Create Charts Chart 1: CountsThis chart will represent the number of males and females…
Q: Hi expert please help this question
A: To calculate the after-tax income from the special project, follow these steps: 1. Determine the…
Q: 4 POINTS
A: 1. Calculate Gross ProfitGross Profit = Sales - Cost of Goods Sold (COGS)Gross Profit = $300,000 -…
Q: Which option should be selected and why?
A: Explanation of Make-or-Buy Decision:A make-or-buy decision is a strategic choice businesses make…
Q: In a certain standard costing system, the following results occurred last period: total labor…
A: Concept of Labor Rate VarianceThe Labor Rate Variance measures the difference between the actual…
Q: Return on total assets
A: Step 1: Define Return on AssetReturn on asset (ROA) is a profitability measure that shows how much…
Q: Direct labor hour for variable overhead?
A: Step 1: Definition of Standard Cost per Direct Labor Hour for Variable OverheadThe standard cost per…
Q: Net opreting income should increase?
A: CONCEPTS:1. Operating Leverage * Measures business risk and operating sensitivity * Shows how…
Q: general accounting
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) measures a company's…
Q: Hii expert please given correct answer general accounting question
A: Step 1: Define After-Tax YieldAfter-tax yield represents the actual return an investor receives on a…
Q: Solve this financial accounting problem
A: Step 1: Calculation of total common stock issuedTotal common stock issued = Number of shares issued…
Q: During the year, Minot Company produced 120,000 drills for industrial equipment. Minot's direct…
A: To compute the standard pounds of direct materials and standard direct labor hours allowed for the…
Q: Please provide answer this financial accounting question
A: Return on Common Stockholders' Equity (ROE) measures the profitability of a company in relation to…
Q: Solve this Accounting problem
A: Let's calculate Anthony's total dollar return step by step:1. Initial Cost of InvestmentShares…
Q: Hy expert please given answer
A: Step 1: Definition of Total CostsTotal costs consist of fixed costs (which remain constant…
Q: The gross profit for Dodge company is
A: Calculation of Cost of Goods SoldCost of Goods Sold = Net Purchases + Beginning Inventory - Ending…
Q: What is your total return for last year on these financial accounting question?
A: Step 1: Define Total ReturnTotal Return on an investment measures the percentage gain or loss,…
Q: Accounting problem 4
A: The current ratio is defined as:Current Ratio = Current Assets / Current LiabilitiesGiven:Current…
Q: Equity and return on assets?
A: To calculate Return on Equity (ROE) and Return on Assets (ROA), we need to follow these formulas:
Q: Sales price variance for the year
A: Step 1: Definition of Sales Price VarianceSales Price Variance measures the effect of the difference…
Q: The total variable cost per unit is?
A: Explanation of Variable Cost per Unit: Variable cost per unit represents the direct cost associated…
Q: answer this question plz
A: Step 1: Definition of Days' Sales UncollectedDays' Sales Uncollected (also called the Average…
Q: Provide correct answer please
A: Simple broHere, I have taken 365 days in a year.Days Uncollected Sales which is the Debtors'…
Q: How much and in what direction must total assets have changed?
A: Explanation of Total Assets: Total assets represent everything of value that a company owns or has…
Q: Answer this MCQ
A: Explanation of Manufacturing Overhead Rate: This is a predetermined rate used to allocate indirect…
Q: Pretermined overhead rate and breck it down into variable and fixed elements
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a calculated cost per…
Q: General Accounting problem
A: Return on Assets (ROA) is calculated using the formula: ROA = (Net Income / Total Assets) × 100…
Q: Hendrix Corporation had annual sales of $75 million, which occurred evenly throughout the 365 days…
A: Explanation of Average Collection Period:Average Collection Period (ACP) measures the average number…
Q: General accounting
A: Step 1: Define Gross ProfitWithin a business, gross profit is one of profitability measures to…
Q: General accounting
A: Step 1: Define Price earning RatioThe price earning ratio is a financial ratio that compares the…
Q: Return on assets?
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures how efficiently a…
Q: general accounting
A: Step 1: Raw materials purchase variance Raw materials purchase variance = Actual purchased price -…
Q: provide correct answer general accounting
A: Step 1: Introduction to payroll taxesPayroll taxes refer to those taxes paid by both employer and…
Q: Provide answer
A: Approach to solving the question:Frerform Detailed explanation: 1. Fixed Costs: These are costs…
Q: need help this questions
A: Step 1: Definition of Gross ProfitGross profit is the amount remaining after deducting the cost of…
Q: Actule fixed overhead cost 23850, output of the month totaled 6400
A: Explanation of Fixed Manufacturing Overhead Budget Variance:Fixed manufacturing overhead budget…
Q: Question
A: Calculation of Predetermined Overhead RatePredetermined Overhead Rate = Budgeted Overhead / Budgeted…
Q: Fixed operating costs constant at 10.2 million?
A: CalculationsStep 1: Calculate the Contribution Margin:Contribution Margin = Sales - Variable Costs…
Q: None
A: Step-by-Step Explanation:1. Identify the Given Information:Loan Amount (PV): $35,000Annual Interest…
What is the sales-volume variance?
Step by step
Solved in 2 steps
- Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown. At the beginning of the month, Edve Co. bought 25,000 feet of rubber for $6.875. The company made 3,000 large O rings and 4,000 small O rings. The company used 14,500 feet of rubber. A. What are the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? B. If they bought 10,000 connectors costing $310, what would the direct materials price variance be for the connectors? C. If there was an unfavorable direct materials price variance of $125, how much did they pay per toot for the rubber?What is the materials price variance for this general accounting question?Domose Inc. planned to use $150 of material per unit but actually used $147 of material per unit, and planned to make 1,100 units but actually made 900 units The sales-volume variance for materials is ________. Select one: a. zero b. $30,000 favorable c. $30,000 Unfavorable d. $29,400 unfavorable e. $2,700 unfavorable
- Alvarado Company produces a product that requires 15 standard pounds per unit. The standard price is $9.00 per pound. If 2,400 units used 34,600 pounds, which were purchased at $9.18 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Line Item Description Amount Variance a. Direct materials price variance $fill in the blank 1 b. Direct materials quantity variance $fill in the blank 3 c. Direct materials cost variance $fill in the blank 5What is the labor price variance of this general accounting question?Tip Top Corp. produces a product that requires nine standard gallons per unit. The standard price is $8.5 per gallon. If 4,600 units required 42,200 gallons, which were purchased at $8.07 per gallon, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance?
- Calculate the sales price and sales volume variance?Provide Answer for A B and C.. please provide with StepBellingham Company produces a product that requires five standard pounds per unit. The standard price is $3 per pound. If 5,900 units used 30,700 pounds, which were purchased at $2.91 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $ b. Direct materials quantity variance $ c. Direct materials cost variance $
- Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.45 per pound. 16,100 units used 36,900 pounds, which were purchased at $3.60 per pound. What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.Venneman Company produces a product that requires 5 standard pounds per unit. The standard price is $11.00 per pound. If 2,900 units required 14,900 pounds, which were purchased at $10.45 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $fill in the blank 1 b. Direct materials quantity variance $fill in the blank 3 c. Total direct materials cost variance $fill in the blank 5Encinas Company produces a product that requires 6 standard pounds per unit. The standard price is $1.75 per pound. If 2,300 units required 13,400 pounds, which were purchased at $2.00 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $fill in the blank 1 b. Direct materials quantity variance $fill in the blank 3 c. Total direct materials cost variance $fill in the blank 5