Q26 Creepers, Incorporated, manufactures stuffed spiders and mummies. During September the following information was gathered: Spiders Mummies Units sold 6,100 3,900 Budgeted sales (units) 6,700 3,300 Contribution margin per unit: Actual $ 3.90 $ 5.93 Budgeted $ 2.90 $ 5.31 What is the sales mix variance for Spiders? Multiple Choice $1,582 favorable. $5,062 favorable. $1,740 unfavorable. $5,062 unfavorable. $1,186 favorable.

Q26 Creepers, Incorporated, manufactures stuffed spiders and mummies. During September the following information was gathered: Spiders Mummies Units sold 6,100 3,900 Budgeted sales (units) 6,700 3,300 Contribution margin per unit: Actual $ 3.90 $ 5.93 Budgeted $ 2.90 $ 5.31 What is the sales mix variance for Spiders? Multiple Choice $1,582 favorable. $5,062 favorable. $1,740 unfavorable. $5,062 unfavorable. $1,186 favorable.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 25E: Jasmine Companys expected sales were 2,000 units at 100 per unit. During 20x1, it had actual sales...

See similar textbooks

	Spiders	Mummies
Units sold	6,100	3,900
Budgeted sales (units)	6,700	3,300
Contribution margin per unit:
Actual	$ 3.90	$ 5.93
Budgeted	$ 2.90	$ 5.31

Similar questions

Oseo Company had the following results in June. Planned Actual Sales P160,000 P162,500 Variable costs at P5 per unit 100,000 102,500 Contribution margin 60,000 60,000 Planned sales were 20,000 units, actual sales were 20,500 units. Compute for Revenue Variance- Favorable/(Unfavorable)
A company has the following information for one of its products: Standard per item (£) Actual per item (£) Selling price 20 22 Material 6 8 Labour 3 4 Variable overhead 2 4 It budgeted to sell 1,000 units but actually sold 100 less than this. What is the sales volume variance? A £900 F B £2,000 F C £2,000 A D £900 A
A company has the following information for one of its products: Standard per item (£) Actual per item (£) Selling price 20 22 Material 6 8 Labour 3 4 Variable overhead 2 4 It budgeted to sell 1,000 units but actually sold 100 less than this. What is the sales price variance? A £1,800 F B £2,000 F C £2,000 A D £1,800 A
#21 ToolTime has a standard of 2 hours of labor per unit, at P12 per hour. In producing 2,000 units, ToolTime used 3,850 hours of labor at a total cost of P46,970. ToolTime’s labor price variance is Group of answer choices P770 U. P800 U. P1,030 F. P1,930 F. 22. ToolTime has a standard of 2 hours of labor per unit, at P12 per hour. In producing 2,000 units, ToolTime used 3,850 hours of labor at a total cost of P46,970. ToolTime’s labor quantity variance is Group of answer choices P770 U. P1,030 F. P1,800 F. P1,930 F.
A company has the following standard cost card for a product: £ Selling price 2.50 Variable costs 1.95 Fixed cost 0.15 The original budget was to make and sell 110,000, but in fact 125,000 were produced and 120,000 sold for total revenue of £295,000. Which of the following are the correct variances? Sales volume Sales price A 4,000 F 5,000 A B 4,000 F 5,000 F C 25,000 F 20,000 A D 25,000 F 20,000 F
The following are annual results for Company G: for 202 1: # of hats made: 8000 square meters of cloth used: 12 000 cloth cost: $270000 for 2022 # of hats made: 6000 square meters of cloth used: 10400 cloth cost: $27900 Compared to 2021, the cloth usage in 2022 had an "efficiency" variance of Question 43 options: $3150 U $9 00 U $31500U none of the listed answers are correct Choose the correct option
Kennedy Inc. has the following data for its operation in August: Increase in direct materials inventory 100 Sets Direct materials purchased (AQ) 1,600 Sets Finished goods manufactured 700 units Direct materials purchase-price variance $ 688 Favorable Budgeted Finished goods to manufacture 800 Units Direct materials purchases 2,000 Sets Direct materials per unit of finished goods 2 Sets Direct materials price per set (SP) $ 5.40 What was the direct materials usage variance in August, rounded to the nearest dollar? Multiple Choice $810 unfavorable. $1,080 unfavorable. $270 unfavorable. $810 favorable. $540 unfavorable.
Future Corporation has collected the following data for one of its products: Direct materials standard (3 pounds per unit 50.44/lb.) 51.32 per finished good Actual direct materials purchased 30,000 pounds Actual Direct Materials Used ( AQU) 34,000 pounds Actual Price (AP) paid per pound $0.64 How much is the direct materials price variance? Question content area bottom Part 1 A. 56,000 favorable B. $6,000 unfavorable C. 56,800 unfavorable D. 56,800 favorable
Kennedy Inc. has the following data for its operation in August: Increase in direct materials inventory 100 Sets Direct materials purchased (AQ) 1,600 Sets Finished goods manufactured 700 units Direct materials purchase-price variance $ 576 Favorable Budgeted Finished goods to manufacture 800 Units Direct materials purchases 2,000 Sets Direct materials per unit of finished goods 2 Sets Direct materials price per set (SP) $ 4.70 What was the direct materials usage variance in August, rounded to the nearest dollar? Multiple Choice $705 favorable. $940 unfavorable. $470 unfavorable. $705 unfavorable. $235 unfavorable.
Creepers, Inc., manufactures stuffed spiders and mummies. During September the following information was gathered: Spiders Mummies Units sold 6,300 3,700 Budgeted sales (units) 6,900 3,100 Contribution margin per unit: Actual $ 4.00 $ 6.05 Budgeted $ 3.00 $ 5.35 What is the sales mix variance for Spiders? Multiple Choice $1,227 favorable. $5,236 unfavorable. $1,636 favorable. $1,800 unfavorable. $5,236 favorable.
Mia Wiz sells computers. During May, it sold 500 computers at a $800 per unit price. The fixed budget for May predicted sales of 550 computers at an per unit price of $780. AQ = Actual QuantitySQ = Standard QuantityAP = Actual PriceSP = Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Identify it as favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)
Dairy Delites had the following projected and incurred the following production and cost data shown below: Actual Variable MOH Incurred $2,328 Actual Quantity of the Cost Driver (AQ) 850 hours Standard Quantity of the Cost Driver (SQ) 780 hours Standard Price per usage of cost driver (SP) $2.30/hr. What is the Variable-MOH Price Variance? A) $161 unfavorable B) $161 favorable C) $373 unfavorable D) $373 favorable