Wonder Toys Inc. sells a variety of high-tech toys. In a recent month, its accounting information system revealed the following information: Budget Actual Units Sales revenue 3,000 3,500 $12,000 $14,000 Variable product costs $1,500 $2,100 Fixed manufacturing costs $1,000 $1,100 Variable selling costs $2,000 $1,800 Fixed nonmanufacturing costs $600 $700 Calculate the following variances: i. Revenue budget variance. ii. Sales price variance. iii. Revenue sales quantity variance.

Wonder Toys Inc. sells a variety of high-tech toys. In a recent month, its accounting information system revealed the following information: Budget Actual Units Sales revenue 3,000 3,500 $12,000 $14,000 Variable product costs $1,500 $2,100 Fixed manufacturing costs $1,000 $1,100 Variable selling costs $2,000 $1,800 Fixed nonmanufacturing costs $600 $700 Calculate the following variances: i. Revenue budget variance. ii. Sales price variance. iii. Revenue sales quantity variance.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 9E: Nozama.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost...

See similar textbooks

Similar questions

What is the correct answer with accounting question
need this accounting answer
The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available: Monthly Fixed Cost Variable Cost Per Deb Sold Sales commissions $ 1.05 Shipping $ 1.55 Advertising $ 51,500 $ 0.35 Executive salaries $ 61,500 Depreciation on office equipment $ 21,500 Other $ 41,500 All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 16,500 Debs in February, then the total budgeted fixed selling and administrative expenses for February is:
The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available: Sales commissions Shipping Advertising Executive salaries Depreciation on office equipment Other Monthly Fixed Cost $50,700 $ 60,700 $ 20,700 $ 40,700 Variable Cost Per Deb Sold $ 0.97 $ 1.47 $ 0.27 All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 15,700 Debs in February, then the total budgeted fixed selling and administrative expenses for February is:
General accounting
Please help me
General accounting
Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2018 and 2019 was 3,800 units. There was no beginning inventory in 2018. The following data summarized the 2018 and 2019 operations: 2018 2019 Units sold 2,900 4,000 Units produced 3,800 3,800 Costs: Variable factory overhead per unit $ 0.55 $ 0.65 Fixed factory overhead $ 1,710 $ 1,710 Variable marketing per unit $ 0.75 $ 1.00 Fixed Selling and Administrative $ 650 $ 650 Full costing operating income for 2018 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.) rev: 04_17_2020_QC_CS-208664 Multiple Choice $1,470. $1,815. $1,825. $1,517. $1,410.
Provide answer
Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in both 2018 and 2019 was 4,400 units. There was no beginning inventory in 2018.The following data summarized the 2018 and 2019 operations: 2018 2019 Units sold 3,200 4,600 Units produced 4,400 4,400 Costs: Variable factory overhead per unit $0.55 $0.65 Fixed Factory Overhead $1,980 $1,980 Variable Marketing per unit $0.75 $1.00 Fixed Selling and Administrative $650 $650 Full cost operating income for 2018 is calculated to be: (Do not round immediate calculations. Round final answers to whole dollar amounts)
Can you explain the correct methodology to solve this general accounting problem?
The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available: Sales commissions Shipping Advertising Executive salaries Depreciation on office equipment Other Multiple Choice Monthly Fixed Cost $172,800 $ 50,700 $ 60,700 Variable Cost Per Deb Sold $ 20,700 $ 40,700 All of these expenses (except depreciation) are paid in cash in the month they are incurred. f the company has budgeted to sell 15,700 Debs in February, then the total budgeted fixed selling and administrative expenses for February is: $0.97 $ 1.47 $ 0.27