What is the sale price variance under 3-way analysis? Sponge Inc. presents the following amounts per unit:
Q: Define sales volume variance.
A: Sales volume variance (also known as sales quantity variance) occurs when the actual quantity of…
Q: Which of the following variances can be derived when the difference of the last year's selling price…
A: Answer - (B) Sales Volume Variance can be derived when the difference of the last year's selling…
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: Explain the meaning of the joint price-quantity variance.
A: Joint price-quantity variance: Variances are the difference between the actual results and the…
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: Calculate Firefly Corporation's markup percentage using (a) absorption-cost pricing and (b)…
A: In order to take the pricing decisions, and formulating policies regarding cost of a product, a…
Q: 3. What are the selling price variance and sales volume variance? 4. What are the sales mix variance…
A: Selling Price Variance = Actual Quantity x (Actual Price - Standard price) Sales Volume Variance =…
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: Requirement: Compute for the following, 1. Cost price variance 2. Cost volume variance 3. Total…
A: Variance analysis refers to the comparison made between two accounting or financial variables and…
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: What is the Sales Volume Variance under 4-way analysis?*
A: Any of the variances can be studied in four ways Fixed price/spending variance Variable…
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: The incom
A:
Q: Which of the following underlying assumptions form(s) the basis for gross profit variance analysis?…
A: Gross profit variance analysis is defined as the one which analyse the profit variance that comprise…
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: nder 4-way analysis?
A: Sales price variance refers to the concept which measures the gap between the estimated price a…
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: 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: volume variance
A: Sales volume variance measures the difference between the actual units sold and the budgeted units…
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: Which of the following material issue pricing method follows only on the average purchasing price of…
A: The average price is taken in weighted and simple average price method.
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: How can the sales-quantity variance be decomposed further?
A: Sales quantity variance identifies the difference between budgeted contribution margin based on…
Q: Which of the following statements is false? a. The sum of the sales volume variance and cost volume…
A: Statement (a) is false among all four because- The sum of sales quantity variance and sales mix…
Q: Flexible-budget variance, sales-quantity, market-size, and market-share variance. The actual…
A: Sales variance shows the difference between the actual sales and the budgeted sales for the period.…
Q: The sales price factor shows a variance of * D
A: Variance caused by selling price in total sales is known as sales price Variance. Formula: Sales…
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: Determine the following: Sales price variance Sales volume variance Sales variance Cost price…
A: Standard costing is the costing method, where standard or expected costs are used in calculating…
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: 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: The sales mix factor shows a variance of
A: Variance measures the variation which has been occurred during the period when the current results…
Q: Help question 26
A: False. Price variance is the difference between the Standard price of the input and actual price of…
Q: Bulldogs Inc. wants to determine the impact of the change in selling price of its sole product in…
A: The difference between the actual cost or price and the budgeted (standard) cost or price is…
Q: You are required to calculate: i. The sales price variance. ii. The sales volume profit variance.…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…
What is the sale price variance under 3-way analysis?
Sponge Inc. presents the following amounts per unit:
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- 2021 2020 Commercial obligations 1800 1600 Fee stocks 1600 1400 Usage markets 20000 18000 What is the circulating inventory turnover ratio (times) of the year 2021?The revaluation surplus as of December 31, 2020 isa. P1,720,000 c. P1,800,000b. P1,710,000 d. P 960,0002021 2020 Commercial obligations 1300 1400 Write-offs of inventories for the financial year due to destruction 400 0 Fee stocks(after write-off) 900 1100 Cost of sales (including inventory write-off) 18000 16000 Based on the above, the traffic speed index of suppliers (times) of the year 2021 shows the actual payments to suppliers and which is comparable to the corresponding index of 2020. How much is it?
- 2019 2020 Sales price per unit R15 R19 Variable cost per unit R6 R7 Fixed cost(FC) per annum R650 000 R855 500 Fixed cost per unit R3 R4 Current assets R450 600 R560 700 Current liabilities R510 000 R780 000 Retained profit R21 809 R17 600 Net sales R2900 320 R3 100 100 Cost of sales R390 000 R475 000 The current ratio reflects the relationship between the value of the current assetsand the extent of the current liabilities of a business. Q.5.2.1 Calculate the current ratio for Pearson & Litt for 20192019 2020 sale price per unit R15 R19 Variable cost per unit R16 R7 Fixed cost(FC) per annum R650 000 R855 500 Fixed cost per unit R3 R4 Current assets R450 600 R560 700 Current liabilities R510 000 R780 000 Retained profit R21 809 R17 600 Net sales R2900 320 R3 100 100 Cost of sales R390 000 R475 000 Q.5.1.1 Calculate the break‐even point for Pearson & Litt for 2019 and 20202021 2020 Sales P2,080,000 P2,000,000 Cost of sales 1,755,000 1,500,000 Gross margin 325,000 500,000 Unit selling price decreased 20% at the start of 2019. The net change in gross profit in 2021 due to quantity factor is:
- 61 2021 2020 Sales P2,080,000 P2,000,000 Cost of sales 1,755,000 1,500,000 Gross margin 325,000 500,000 Unit selling price decreased 20% at the start of 2019. The net change in gross profit in 2021 due to quantity factor is: Group of answer choices P600,000 increase P150,000 increase P400,000 increase P80,000 increasePrepare a gross profit variation analysis for two products. 2021. 2020 A. B. A. B Sales volume. 7,000 5,000. 9,000. 2,500Unit selling price. P 6.00. P. 4.00. P 7.00. P 5.00Unit cost. P. 4.00. 2.00 6.00 3.00Determine the following: a) Volume factor b) Price factor c) cost factor d) sales mix factor2021 2020 Sales P2,080,000 P2,000,000 Cost of sales 1,755,000 1,500,000 Gross margin 325,000 500,000 Unit selling price decreased 20% at the start of 2019. The change in gross profit due to the decrease in selling price is: P520,000 increase P80,000 increase P520,00 decrease P80,000 decrease P600,000 decrease P600,000 increase
- 2019 2020 Sales price per unit R15 R19 Variable cost per unit R6 R7 Fixed cost(FC) per annum R650 000 R855 500 Fixed cost per unit R3 R4 Current assets R450 600 R560 700 Current liabilities R510 000 R780 000 Retained profit R21 809 R17 600 Net sales R2900 320 R3 100 1000 Cost of sales R390 000 R475 000 Q.5.1.1 Calculate the break‐even point for Pearson & Litt for 2019 and 2020.What is the ROE for 2021? 2020 2021 Sales $5,300 $5,900 Depreciation 750 850COGS 2400 2900Interest 180 196Cash 200 500Accts Receivables 200 400Notes Payable 800 550Long-term debt 1500 1950Net fixed assets 3000 3500Accounts Payable 250 400Inventory 700 900Dividend payout 30% 30%Tax rate 35% 30%Qw.02. Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable Sales Cost of goods sold Accounts receivable Numerator: 2024: 2023: Numerator: 2024 $ 463,414 234,107 22,522 2024: 2023: 2022: 2021: 2020: Is the trend percent for Net Sales favourable or unfavourable? Numerator: I 1 1 1 Trend Percent for Net Sales: 2023 $ 306,897 155,099 17,861 1 1 1 I 1 2022 2021 $ 249,510 $ 175,095 128,255 89,348 10,226 17,042 Trend Percent for Cost of Goods Sold: Denominator: 2024: 2023: 2022: 2021: 2020: Is the trend percent for Cost of Goods Sold favourable or unfavourable? 7 Denominator: 7 1 Trend Percent for Accounts Receivable: Denominator: 2022: 2021: 2020: Is the trend percent for Accounts Receivable favourable or unfavourable? = E # = S U = E = = 2020 $ 129,700 64,850 8,871 Trend percent Trend percent Trend percent 1% %6 % % % % 196 196 56…