Calculate piney creek sales volume variance for the month

Assignment Help Managerial Accounting
Reference no: EM132632340

Piney Creek Manufacturing Company produces high-end extreme weather tents. Piney Creek has established the following budget for its producing XWT model for the most recent month.

                                            Master Budget                        Actual Results

Number of tents sold             50                                            60

Sales price per tent             $650                                         $635

Variable cost per tent           $250                                         $240

Fixed costs                         $10,000                                  $ 10,000

Problem a. What is Piney Creek's total profit variance for the most recent month?

Problem b. Calculate Piney Creek's sales volume variance for the month

Problem c. Calculate Piney Creek's sales price variance for the month

Reference no: EM132632340

Questions Cloud

Discussion topic-tailored clothes : Assume that you were ready to buy a custom tailored dress (or men's suit) and you are prepared to pay up to $200 for it.
Which contract has the higher pv at compounded annually : An NHL hockey player is offered the choice of two 4-year salary contracts, Which contract has the higher PV at 16% compounded annually?
Make Alpha journal entry to reflect this purchase : The transaction was F.O.B. shipping point. Freight of $100 was originally paid by the seller. Make Alpha's journal entry to reflect this purchase
How did the traits affect your productivity and engagement : What are the best and worst traits of leaders you have worked with? How did these traits affect your productivity and engagement?
Calculate piney creek sales volume variance for the month : Calculate Piney Creek's sales volume variance for the month. Piney Creek Manufacturing Company produces high-end extreme weather tents
How much was cost of goods sold : Bravo Company had beginning inventory of $75,000, purchased merchandise during the period for $200,000, How much was cost of goods sold
What is your analysis of the current barriers to services : Discuss the themes found in the Week 5 Handout: Content Analysis of Focus Groups. Based on this data, what is your analysis of the current barriers.
Characteristics of three main biomes of africa : Identify and explain the characteristics of three main biomes of Africa.
Prepare Alpha Company General Journal entry : Alpha Company returned, to Bravo Company, $250 of this merchandise on May 3, 2016. Prepare Alpha Company General Journal entry

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd