This year’s total sales of Bulldogs Inc. is P4,600,000. The following variances are determined: ·      Sales Price Variance – 750,000 favorable ·      Cost Price Variance – 100,000 unfavorable ·      Sales Volume Variance – 150,000 unfavorable Using horizontal analysis, determine the percentage change from the prior year total sales to the current year total sales.

Q: Natsu Inc. has a budgeted gross profit of P2,450,000. The firm also determined that its gross profit…

A: Sales = (budgeted gross profit - unfavorable total gross profit variance ) / gross profit margin =…

Q: The sales price variance is * O Sample format: 111,111 F or 111,111 U Data for National Co. is as…

A: Sales Price Variance can be calculated as = Actual Quantity sold x Standard Selling price - Actual…

Q: owing variances are determined by Bulldogs Co.: · Sales Price Variance – 560,000 favorable · Cost…

A: The actual amount of sales and budgeted amount of sales may not be same due to the change in prices…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Variance:- When there is a difference in the budgeted amount and what actually produces or occur is…

Q: his year’s total sales of Bulldogs Inc. is P4,600,000. The following variances are determined: ·…

A: Total sales variance is the difference between budgeted sales and actual sales. It can be due to…

Q: Atlantis Inc. wants to analyze the variances in its actual and budgeted gross profit. Compute for…

A: The correct option with proper calculation areas follows

Q: Top managers of Kyler Industries predicted 2018 sales of 14,400 units of its product at a unit price…

A: Under flexible budget, the revenue per unit and the variable cot per unit are multiplied by actual…

Q: The cost price variance is * Sample format: 111,111 F or 111,111 U Data for National Co. is as…

A: A favorable cost price variance is when an actual price is lower than the standard which means that…

Q: CompuWorld sells two products, R66 and R100, and calculates sales variances using the contribution…

A: Sales quantity variance =  (actual sales quantity- budgeted sales quantity) x budgeted contribution

Q: Use the information provided below to calculate the following variances for May 2021. Each answer…

A: Standard cost means the cost which the company is expecting to be incurred on the basis of estimate…

Q: Direct Labor Variances Bellingham Company produces a product that requires 5 standard direct labor…

A: In this numerical has covered the concept of Standard Costing .

Q: Top managers of Juda Industries predicted 2018 sales of 14,700 units of its product at a unit price…

A: The budget preparation based on the actual output is defined as the flexible budget. The budget…

Q: Bingo Inc. wants to analyze the variances in its actual and budgeted gross profit. The following are…

A: Variance:   It is difference between the budgeted and actual amount spend on material and labor. It…

Q: A company uses 4,690 kilograms of materials and exceeds the standard by 690 kilograms. The quantity…

A: Material quantity variance is that part of material cost variance which is due to 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: Robeson Company estimates it will produce and sell 3,000 units next month. Data on costs follows:…

A: Direct materials Price variance = (SP - AP)*AQ = ($9 - $9.25)*1500  = $375 U

Q: Blue Co. wants to analyze its variances in gross profit. The following information was extracted: ·…

A: Given,  Actual quantity sold = Budgeted quantity, Budgeted sales = P10,000 And, Actual sales =…

Q: fop managers of Marshall Industries predicted 2018 sales of 14,800 units of its product at a unit…

A: Budget is the estimation of revenues and expenses related to specific period of time in future.

Q: Below are the monthly sales forcast and actual monthly sales for Company. Company has hired you to…

A: Sales variance is the difference between the actual sales and budgeted sales of an entity. Whereas…

Q: Direct Materials Variances Bellingham Company produces a product that requires 16 standard pounds…

A: Variance refers to a change between the expected value and the actual result. This term is usually…

Q: Lincoln Corporation used the following data to evaluate their current operating system. The company…

A: Static budget is that budget which is fixed in nature and will not be change. But if level of…

Q: The total market was estimated to 54,000 bushels at the time of budget. The actual total market for…

A: Summary of the relevant information to calculate market share variance as provided in the question :…

Q: Bulldogs Inc., a multi-product firm, has a Sales Mix Variance of 925 unfavorable and a Final Sales…

A: The difference between the actual and expected number of units sold, multiplied by the budgeted…

Q: The actual total sales and budgeted total sales of Bulldogs Inc. are P3,200,000 and P2,750,000. The…

A: Sales variance shows difference between actual sales and budgeted sales. It consists of variance due…

Q: This year's total sales of Bulldogs Inc. is P4,600,000. The following variances are determined:…

A: Change in sales = Sales price variance + Sales volume variance = 750,000 + (-150,000) = 600,000

Q: Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price…

A:

Q: Direct Materials Variances Dvorak Company produces a product that requires 5 standard pounds per…

A: Variance refers to a change between the expected value and the actual result. This term is usually…

Q: Newbill Corporation recently purchased 25,000 gallons of direct material at OMR 5.60 per gallon.…

A: Variances are computed when there is difference in the budget amounts  and actual amounts. Direct…

Q: Last year, the retailer's weekly variance of demand was 500 units. The variance of orders was 600,…

A: calculation of above requirement are as follows

Q: The management accountant of a business is calculating the monthly variances to review and control…

A: Sales volume profit variance is the variance between budgeted units sold and actual units sold with…

Q: LJ Company has the following information for the third quarter of 2018:

A: Standard costing is a tool used in accounting in which the estimates are drawn about the expenses…

Q: Rockport Industries Inc. gathered the following data for March:   Planned Actual Sales price per…

A: Formula: Revenue price variance = Actual units sold x ( Actual price - planned price ) Deduction of…

Q: This year’s total sales of Bulldogs Inc. is P4,600,000. The following variances are determined: ·…

A: Change in sales = Sales price variance favorable + Sales volume variance unfavorable = 750,000 +…

Q: Direct Labor Variances Bellingham Company produces a product that requires 7 standard direct labor…

A: Direct labour cost variance arises when there is a difference between standard cost of labour and…

Q: The following standard cost data are for Dito Ltd. for January 2019: Per unit: Direct material…

A: The Numerical has covered the concept of Variance Analysis. In the variance analysis, we will…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Since we are not given enough data, we have to make an assumption to proceed further. Let us assume…

Q: Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a…

A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor time…

Q: Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price…

A: Direct Material price variance = (Actual price per pound - Standard price per pound)*Actual quantity…

Q: Bulldogs Inc., a multi-product firm, has a Sales Mix Variance of 925 unfavorable and a Final Sales…

A: Sales Volume Variance = Sales Mix Variance + Final Sales Volume Variance Final Sales Volume Variance…

Q: The following information was drawn from the accounting records of Ashton Company.     Budgeted…

A: Sales variance = Budgeted Sales - Actual Sales

Q: LOFAT Co. uses the two-way variance analysis for overhead performance. The budgeted factory overhead…

A: Factory Overhead Applied: One kind of direct overhead expenditure is called an applied overhead, and…

Q: Dickinsen Company gathered the following data for December: Planned Actual Sales price per unit…

A: Revenue price Variance = (Actual price per unit - Planned price per unit) x Actual number of units…

Q: September, Numbers Incorporated sold 45,000 units of its only product for $394,000, and incurred a…

A: The variance is the difference between the actual data and standard output of the production.

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: Hogan Tax Company considers 6,000 direct labor hours or 300 tax returns its normal monthly capacity.…

A: Variable overhead spending variances is the difference between what the variable production…

Q: Use this problem to answer the following requirements: Mabuhay Corporation generated these gross…

A: Sales volume variance is the difference between the budgeted sales and the actual sales of a…

Q: Top managers of Cole Industries predicted 2018 sales of 14,600 units of its product at a unit price…

A: Formulas:

Q: Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price…

A: