The cost price factor shows a variance of: a) P95,250 unfavorable b) P61,500 unfavorable c) P42,000 unfavorable d) P33,750 favorable
Q: Calculate Material price variance. Material usage variance and material cost variance from the…
A: Material Price Variance = Standard Cost of Actual Material Used - Actual Cost of Material used…
Q: The sales price factor shows a variance of: a) P150,000 unfavorable b) P150,000 favorable c)…
A: Sale price variance is the difference between the actual sales and the budgeted sales due to change…
Q: Acme had a P22,000 favorable fixed overhead budget variance, a P15,000 unfavorable variable overhead…
A: Volume variance arises when there is difference in units produced as per actual and as per budget.…
Q: 1. ABC had a P28,000 favorable volume variance, a P25,000 unfavorable variable overhead spending…
A: Comment- We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Type of Variance Amount Analysis Sales Price Variance 4,000 Favorable Cost Volume Variance, 4-way…
A: Cost volume variance when arises when actual cost is not same as standard cost. When actual cost is…
Q: Which type of variance causes operating income to be greater than the budgeted operating income?…
A: The variance causes the operating income to be greater than the budgeted operating income is:
Q: Assume the labor rate variance is $400 unfavorable and the labor spending varlance is $200…
A: Solution. Labor rate variance = $400 Unfavorable Labor spending variance = $200 Unfavorable Labor…
Q: If the Actual o.h. center A.( 275 000)$. Estimated o.h. center A(.350 000)$. the value of Variance…
A: The variance is the difference between the actual data and estimated cost.
Q: the materials quantity variance was $18,612 unfavorable, what was the standard materials quantity…
A: Actual quantity of direct material used = 130,200 pounds Actual rate of direct material = $0.90…
Q: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and…
A: Concepts and reason Variance analysis: Variance analysis is the process of analyzing the difference…
Q: orme Onerom Inc., a multi-product firm, has a Sales Mix Variance of 925 unfavorable and a Final…
A: solution given Sales Mix Variance 925 unfavorable Final Sales Volume Variance 1,780…
Q: cme Inc. has the following information available: NOTE: All dollar amounts are rounded to whole…
A: Working: 1) Material Variance = (SP -AP)*AQ = (0.90 - 1)*100…
Q: Working With Variances From the following data, determine the total actual costs incurred for direct…
A: Variance analysis: It is the technique in budgeting that allows for analysis of the variances…
Q: 15. Which of the following statements regarding direct materials quantity variance is TRUE? Select…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: What is the DM Price Variance, given the following info: Actual Costs = 4,600 lbs. at $5.50…
A: Direct Material price variance can be calculated as below Standard price * Actual Quantity - Actual…
Q: What is the total gross profit variance? A. 2,000 favorable B. 2,000 unfavorable C. 1,000…
A: Sales price variance = 4000 (F) Cost volume variance = 3500 (UF) Cost price variance = 2500 (UF)…
Q: For each of the following independent cases, fill in the missing amounts in the table: (Indicate the…
A: Direct labor rate variance refers to the difference between actual and standard cost of direct labor…
Q: The sales-mix factor shows a variance of: P14,124 favorable P4,125 unfavorable P4,125…
A: Sales Mix Variance shows the variation in actual sales volume from budgeted sales volume which…
Q: Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in a…
A: Requirement a: Compute the following: (i) Direct material standard cost per faucet. (ii) Direct…
Q: For each of the following independent cases, fill in the missing amounts in the table: (Indicate the…
A: Direct labor: Direct labor includes the wages of the employees who are directly involved in…
Q: Considering the variance analysis, which of the following statements is true?
A: Variance analysis is the analysis which is the analysis only possible when the company has a…
Q: Required: Compute the following cost variances from the available data. (Indicate the effect of each…
A: The standard costing helps the management in determining variances derived in the actual performance…
Q: Resset Co. provides the following results of April’s operations: F indicates favorable and U…
A:
Q: When management uses variance reports to evaluate cost control, they look into which of the…
A: Standard costing means where standard is set for various cost element and actual cost is then…
Q: What is the total gross profit variance? * Bulldogs Inc. had determined the following variances:…
A: The gross profit the income by deducting the cost of sales from the amount of total sales. The…
Q: 3. What is the total spending variance? a. P4,000 unfavorable b. P3,000 unfavorable c. P4,000…
A: Spending variance means the difference between the actual spent amounts with budgeted amount. Given…
Q: Using the data below, answer the questions about the Direct Materials Cost (DMC) variances and the…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: If the materials price variance is $3300 F and the materials quantity and labor variances are each…
A: Formulas for Material variances are as follows: Material price variance: Material Quantity…
Q: A D 1 Chapter 09: Applying Excel 2 3 Data Exhibit 9-8: Standard Cost Card 4 Inputs Standard Quantity…
A: Direct Material price variance = (Actual price per pound - Standard price per pound)*Actual quantity…
Q: verify whether variances favorable of unfavorable: budgeted cost at actual volue would be 25344…
A: Wage Rate Variance = (Budgeted Rate-Actual rate) x Actual Hours Labor Efficiency Variance =…
Q: Zyan had a $2,000 favorable volume variance, a $7,000 unfavorable variable overhead spending…
A: Fixed overhead budget variance is the difference between actual fixed fixed overhead costs and…
Q: G. H. I. J. Budget Perf
A: The term with definition as,
Q: Which of the following analysis of variances is true? * A unfavorable sales price variance under the…
A: Cost price variance is the difference between the actual unit cost and the budgeted unit cost,…
Q: Which of the following analysis of variances is true? a. Unfavorable sales volume variance means…
A: Cost price variance is the difference between the actual unit cost and the budgeted unit cost,…
Q: Bulldogs Inc. has the following variances in its gross profit variance analysis repo Type of…
A: Kindly refer the image attached below for solution.
Q: What is the materials price variance? (Round per unit calculations to 2 decimal places, e.g. 1.25…
A: Waterways Corporation is using standard costing method to evaluate its manufacturing efficiency. The…
Q: Assume (1) the quantity of materials purchased equals the quantity used in production, (2) the…
A: Material spending variance = material quantity variance + Material price variance
Q: Blue Co. has the following variances gathered from its reports: Analysis 2,000 Unfavorable 3,500…
A: Solution: Total gross profit variance = Favorable cost price variance, 4 way - Unfavorable volume…
Q: 18. The quantity factor shows a variance of: a) P8,625 favorable b) P46,125 unfavorable c)…
A: The quantity factor refers to the effect of difference in number of units sold, assuming that there…
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- Vincenzo Corporation is a manufacturer with four product lines. Below is some financial information about each of the four product lines. Required:Calculate, explain, and determine which of the segments are reportable based on the:a. Revenue testb. Operating profit (loss) testc. Identifiable assets testd. 75 percent combined revenue testThe Officers of the Company reviewed the profitability of the company's four products and the potential effect of several proposals for varying the product mix. An excerpt from the year's income statement and other date follows: Total P Q R S Sales P62,600 P10,000 P18,000 P12,600 P22,000 Cost of Goods Sold 44,274 4,750 7,056 13,968 18,500 Gross Profit P18,326 P5,250 P10,944 P(1,368) P3,500 Operating Expense 12,012 1,990 2,976 2,826 4,220 Profit before income tax P6,314 P3,260 P7,968 P(4,194) P(720) Units Sold 1,000 1,200 1,800 2,000 Sales Price Per Unit P10.00 P15.00 P7.00 P11.00 Variable Cost of goods sold per unit P2.50 P3.00 P6.50 P6.00 Variable operating expense per unit P1.17 P1.25 P1.00 P1.20 The total fixed cost is not expected to fluctuate as a result of changes under consideration. Required:…The following information pertains to the Liberty Company and its divisions for the year ended December 31, 2014 : Sales to unaffiliated customers P10,000,000Inter- segment sales of products similar to those sold to unaffiliated customers 2,000,000Liberty Company all its divisions are engaged solely in manufacturing operations. Liberty has a reportable segment if the segment's revenue will total to what amount?
- Pedaci Corporation produces and sells a single product. Data concerning that product appear below: Assume the company's monthly target profit is $15,000. The unit sales to attain that target profit is closest to: 3,212B. 5,265C. 8,235D. 5,571 Assume the company's monthly target profit is $17,000. The dollar sales to attain that target profit is closest to: $387,392B. $635,069C. $671,925D. $993,313A financial analyst for Simon Manufacturing prepared the following report: Customers Customer-Level Operating Income Customer Revenue A $5041.00 $26,250 B $4202.00 $30,000 C $3368.00 $15,000 D $1069.50 $7,300 E $984.80 $5,100 F $844.80 $4,400 G $336.60 $1,800 H $252.00 $4,500 I ($168.00) $2,400 J ($676.00) $2,600 What is the cumulative customer-level operating income as a percentage of customer level operating income for the top 4 most profitable (operating income) customers? 1) 17.4% 2) 89.7% 3) 85.0% 4) 79.1%Our company is a manufacturer and has the following data available for the current year: sales, $550,000; cost of goods manufactured, $250,000; finished goods beginning inventory, $30,000; and finished goods ending inventory, $20,000. What is the amount reported on the income statement for cost of goods sold? $260,000 $240,000 $290,000 $310,000
- Income statement information for Einsworth Corporation follows: Sales $442,000 Cost of goods sold 150,280 Gross profit 291,720 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $442,000 % Cost of goods sold 150,280 % Gross profit $291,720 %Data for the three operating segments of Polyglot Company for the fiscal year ended June 30, 2006 were as follows (amounts in thousands): Alpha Beta Gamma TotalSales to outside customers $400 $500 $600 $1,500Intersegmental sale 50 40 30 120Traceable Expenses Intersegmental purchases 60 20 40 120Other 200 300 500 1,000Nontraceable expenses 150 Prepare a working paper to compute revenue and segment profit or loss for each segment. Nontracable expenses are allocated using the follow percentages: Alpha 27%; Beta 33%; Gamma 40%.Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended December 31 are as follows: Salesperson TotalSales Variable Costof Goods Sold VariableSellingExpenses Case $610,000 $268,400 $109,800 Dix 603,000 241,200 96,480 Johnson 588,000 305,760 105,840 LaFave 586,000 281,280 123,060 Orcas 616,000 221,760 86,240 Sussman 620,000 310,000 124,000 Willbond 592,000 272,320 88,800 Required: 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio by salesperson. Round percents to the nearest whole number. Enter all amounts as positive numbers. Walthman Industries Inc. Salespersons' Analysis For the Year Ended December 31 Salesperson Contribution Margin Variable Cost of…
- The following information pertains to Redping Corporation for the year ended December 31, 2020.Sales to unaffiliated customers $2,000,000Inter-segment sales of products similar tothose sold to unaffiliated customers 600,000All of Redping’s segments are engaged solely in manufacturing operations. Redping has a reportablesegment if that segment’s revenue exceeds ____________________.A. $264,000B. $260,000C. $204,000D. $200,000The following data are available for X Corp:Gross profit is 20% based on cost. Using ABC, compute the selling price of each unit of Product B?Assume the following information for Fruitful Proprietary Limited. for the year ended December 31, 2011: Sales R5,160 Cost of goods manufactured for the year R1,800 Beginning finished goods inventory R834 Ending finished goods inventory R593 Selling and administrative expenses R424 What is the cost of goods sold for the year ended 31 December 2011?