The sales mix factor shows a variance of
Q: Sales Price Variance Sales volume variance Sales variance
A: * As per bartleby guideline, if multiple sub parts are there in question then answer first three…
Q: Define sales volume variance.
A: Sales volume variance (also known as sales quantity variance) occurs when the actual quantity of…
Q: Considering the variance analysis, which of the following statements is true? O a. When there is…
A:
Q: Required: 1. What is the contribution margin market share variance? 2. What is the contribution…
A: Sales Price variance = (Actual Price-Budgeted Price)*Actual Quantity Sales Volume Variance = (Actual…
Q: How can the concept of a composite unit be used to explain why an unfavorable total sales-mix…
A: Sales mix variance: The difference between a budgeted and actual sales mix. Sales mix is a…
Q: Which of the following statements is false? a. The sum of the cost price variance and cost volume…
A: In general terms, Variance refers to the spread between the numbers or the relationship existing. It…
Q: Determine the following: Sales price variance Sales volume variance Sales variance
A: Sales price variance = (Unit selling price 2021 - Unit selling price 2020)*Units sold 2021
Q: Explain why a favorable sales-quantity variance occurs.
A: Explain the reason for the occurrence of favorable sales quantity variance:When actual sales exceed…
Q: Which of the following statements is false? * . The sum of the sales price variance and sales volume…
A: Statement 1 is true. Sales value variance is equal to sum of Sales price variance and Sales volume…
Q: For a multi-product company, the sales volume can be divided into the sales mix variance and sales…
A: Sales volume variance is difference between actual and expected numbers of unit sold at Budgeted…
Q: Show how managers can gain insight into the causes of a sales-volume variance by subdividing the…
A: Sales Volume Variance:The sales volume variance is the difference of budgeted amount and the actual…
Q: 1 F or 11,111 U Total gross profit variance = Price varianc
A: Price variance refers to the actual unit cost of an item bought deducted from its standard cost and…
Q: Direct Material Input Chemical Mix Variance Yield Variance Efficiency Variance Purchase Price…
A: Total direct material variance Purchased Direct Material AQ*AP - SQ*SP Variance…
Q: Explain the total sales volume variance for a period. How can this total variance be decomposed?
A:
Q: What is the sales price variance?
A: Sales Price Variance is the variance in total revenue due to different selling price from the…
Q: If there were no variances, the company's absorption-costing net income would be
A: Ans. P 325,000 25000 units @ P 30 = P750000 Less. Cost of Sale = P 425000 Net income = P 325,000…
Q: This variance is the difference involving spending less or using less than the budgeted amount.
A: Variance is the difference between budgeted, planned or standard cost with the actual cost.
Q: What is the sale price variance under 3-way analysis? Sponge Inc. presents the following amounts…
A: Sales variance is the difference between actual sales revenue and budgeted sales revenue. It can be…
Q: Which of the following is NOT true? Multiple Choice An activity variances describes the…
A: Activity Variance The term which are used in the costing techniques which describes as difference…
Q: Required: 1. What is the contribution margin market share variance? 2. What is the contribution…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: Why are separate price and quantity variances computed?
A:
Q: Provide one caveat that will affect whether a production-volume variance is a good measure of the…
A: Economic cost of unused capacity:The economic cost of unused capacity indicates the amount that…
Q: What are the relationships among a selling price variance, a sales mix variance, a sales…
A: Definition: Variance: Variance refers to the different levels in the actual cost incurred and…
Q: How much is the sales price-volume variance?
A: Changes in sales price from budget price = P100 Given, Sales quantity variance which is unfavorable…
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: Compute for the following: Sales price variance Cost price variance Quantity variance Format:…
A: Variance is calculated for comparing results either between two years or between budget and actuals.…
Q: A. Compute the material price and quantity, and the labor rate and efficiency variances. Enter all…
A: Variance refers to the difference that is calculated by taking the actual cost that is incurred in…
Q: How can HEB grocery benchmarks be determined when evaluating variances from standard costs.
A: Variance of the standard cost is the difference between the standard cost and the actual cost.…
Q: ne following:
A: The variances are given as,
Q: Which method is used to see if a relationship between the cost driver and total cost exists?…
A: Cost drivers means activity units that will cause change in total cost for example, number of…
Q: Required: Compute the following variances in terms of contribution margin: 1. Compute the total…
A: Furniluxe manufactures two types of study desks - one for the residential market other for the…
Q: Flexible-budget variance, sales-quantity, market-size, and market-share variance. The actual…
A: Sales Variance:The sales variance is the difference of budgeted amount and the actual amount. The…
Q: Give an example of a Direct Material Price Variance with figures and calculate the variance
A: Direct Material Price Variance is the difference between actual material cost and standard cost of…
Q: Sales variance is the difference between sales price and ---------- Labour rate variance Sales…
A: Sales variance =Actual sales - budgeted sales = Actual quantity * actual price - budgeted quantity *…
Q: What is the sales price variance?
A: Variance: The difference between the actual cost or price and the budgeted (standard) cost or price…
Q: a. Direct materials price variance (based on purchases) b. Direct materials efficiency variance c.…
A: Every manufacturing unit has some estimated standard costs for the production based on the past…
Q: Which of the following would result to a favorable volume variance? a)There is a favorable…
A: Favorable spending variance means when there is a cost to produce something which is less than the…
Q: direct materials mix variance for this problem
A: The benchmark is established in advance, and actual performance is assessed in comparison to it.…
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: The variance that arises solely because the actual units sold differs from the budgeted units to be…
A: The variance that arises solely because the actual units sold differ from the budgeted units to be…
Q: Which of the following statements is false? a. The price factor refers to the change in selling…
A: Gross profit variance measures the ability of a business to generate a profit from its sales and…
Q: The sales price factor shows a variance of
A: Sales price variance is the variance how much the deviation has been made during the year. It means…
Q: Bulldogs Inc. wants to determine the impact of the change in selling price of its sole product in…
A: Sales price variance is the difference between the actual and standard/Budgeted selling price of…
Q: Help question 26
A: False. Price variance is the difference between the Standard price of the input and actual price of…
Q: Define direct labour variances.
A: Definition: Variance Analysis: Variance analysis is the process of evaluating the differences…
Q: Standard Product Cost
A: Standard costing is a cost accounting method to calculate estimated costs based on standards set for…
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
The sales mix factor shows a variance of
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- XYZ Company has two divisions, X and Y. X makes product X1 and Y makes product Y+. Every unit of product Y+ requires one unit of product X1 as a component. Y purchases most of its X1 requirement from X although sometimes it makes purchases from outside suppliers. Relevant details of products X1 and Y+ are tabulated as follows: Product X1 Product Y+ Established selling price $30 $50 Variable Cost Per Unit - Mat 8 5 Transfer price 30 Labor 5 3 Overhead 2 2 Total Variable Cost 15 40 Fixed Costs 500,000 225,000 Annual Outside Demand 100,000 25,000 Plant Capacity 130,000 30,000 Investment in Divisions: (X) $ 6,625,000 (Y) $ 1,250,000 Division Y is currently achieving an ROI below target. It’s manager blames this on the high transfer price of product X1. The manager of Division X claims that the current transfer price ($30) is appropriate since ‘it is determined by the market’. The manager of division…XYZ Company has two divisions, X and Y. X makes product X1 and Y makes product Y+. Every unit of product Y+ requires one unit of product X1 as a component. Y purchases most of its X1 requirement from X although sometimes it makes purchases from outside suppliers. Relevant details of products X1 and Y+ are tabulated as follows: Product X1 Product Y+ Established selling price $30 $50 Variable Cost Per Unit - Mat 8 5 Transfer price 30 Labor 5 3 Overhead 2 2 Total Variable Cost 15 40 Fixed Costs 500,000 225,000 Annual Outside Demand 100,000 25,000 Plant Capacity 130,000 30,000 Investment in Divisions: (X) $ 6,625,000 (Y) $ 1,250,000 Division Y is currently achieving an ROI below target. It’s manager blames this on the high transfer price of product X1. The manager of Division X claims that the current transfer price ($30) is appropriate since ‘it is determined by the market’. The manager of division…Swifty Company gathered the following data about the three products that it produces: Product PresentSales Value Estimated AdditionalProcessing Costs Estimated Salesif Processed Further A $10200 $7100 $18300 B 12200 4100 15300 C 9200 2100 13300 Which of the products should not be processed further? Product B Product A Product C Products A and C
- Metlock Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 2,000 $15 2/4 Purchase 3,000 23 2/20 Sale 3,500 38 4/2 Purchase 4,000 29 11/4 Sale 3,200 42 Compute cost of goods sold, assuming Metlock uses: (Round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.) Cost of goods sold (a) Periodic system, FIFO cost flow $ (b) Perpetual system, FIFO cost flow $ (c) Periodic system, LIFO cost flow $ (d) Perpetual system, LIFO cost flow $ (e) Periodic system, weighted-average cost flow $ (f) Perpetual system, moving-average cost flow $Brissett Corporation makes three products that use the current constraint, which is a particular type of machine. Data concerning those products appear below: GK LQ XK Selling price per unit $ 326.11 $ 543.37 $ 519.00 Variable cost per unit $ 252.05 $ 420.86 $ 397.71 Time on the constraint (minutes) 4.00 8.00 8.00 Required: a. Rank the products in order of their current profitability from the most profitable to the least profitable. In other words, rank the products in the order in which they should be emphasized. b. Assume that sufficient constraint time is available to satisfy demand for all but the least profitable product. Up to how much should the company be willing to pay to acquire more of the constrained resource? (Round your answer to 2 decimal places.) A. GK LG QX B. Maximun AmountWhat is the joint cost allocated to product Tab if the company employs relative sales value method? P300,000P200,000P192,000P288,000
- Tariq Company is a multiproduct firm. Presented below is information concerning one of its products, the Jayhawk Date Transaction Quantity Unit Cost 1/1 Beginning inventory 1,100 OMR12 2/4 Purchase 2,200 18 2/20 Sale 2,800 30 4/2 Purchase 3,100 23 11/4 Sale 2,300 33 Instructions: Compute cost of goods sold, assuming Tariq uses periodic system, FIFO cost flow.The West Bank Company has three product lines as following: A B C Total Estimated Sales in Units 25000 100000 50000 175000 SP/ unit $10 $12 $7 VC/ unit ( $5) ($8) ($4) CM/ unit $5 $4 $3 FC for company $351000 Required: What is the operating income?Ehlo Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 1,000 $12 2/4 Purchase 2,000 18 2/20 Sale 2,500 30 4/2 Purchase 3,000 23 11/4 Sale 2,200 33 Instructions Compute cost of goods sold, assuming Ehlo uses: a. Periodic system, FIFO cost flow. b. Perpetual system, FIFO cost flow. c. Periodic system, LIFO cost flow. d. Perpetual system, LIFO cost flow. e. Periodic system, weighted-average cost flow. f. Perpetual system, moving-average cost flow.
- Waterberry Company operates a single - product entity. Data relating to the produ follows.Time left 1:07:22it ofAnnual volume 64 000 units Selling price per unit $50Variable manufacturing cost per unit14Annual fixed manufacturing costs 640 000Variable marketing and distribution costs per unit6Annual fixed non - manufacturing costs 320 000What is the total variable cost per unit of the above product?a.bC.d.$6$14520$13Marigold Company gathered the following data about the three products that it produces: Product PresentSales Value Estimated AdditionalProcessing Costs Estimated Salesif Processed Further A $10400 $7200 $18600 B 12400 4200 15600 C 9400 2200 13600 Which of the products should not be processed further? a. Product C b. Products A and C c. Product B d. Product AJoy Corporation sells multiple products. One of the product lines showed the following results: A. P 118,100B. P 118,200C. P 128,100D. P 128,200