Compute the dealership sales price variance and sales

Assignment Help Managerial Accounting
Reference no: EM13908932

Farad, Inc. specializes in selling used SUVs. During the first six months of 2013, the dealership sold 50 trucks at an average price of $ 9,000 each. The budget for the first six months of 2013 was to sell 45 trucks at an average price of $ 9,500 each. Compute the dealership's sales price variance and sales volume variance for the first six months of 2013.

Reference no: EM13908932

Questions Cloud

What is after-tax cost of capital for this debt financing : Great Seneca Inc. sells $100 million worth of 20-year to maturity 13.12% annual coupon bonds. The net proceeds (proceeds after flotation costs) are $981 for each $1,000 bond. The firm's marginal tax rate is 40%. What is the after-tax cost of capital ..
What advantage and disadvantages of standardized information : What is standardized information and describe the two types of standardized information? Distinguish between these two types and provide an example of each.
What was the total interest charged for this amortization : Alice needed capital to expand his business. He borrowed a loan of $20,000,000 from the bank and the load would be compounded monthly at 4.5% p.a. immediately after the loan was incurred. Compute the monthly payment. What was the total interest charg..
Show that the new process is reversible : Assuming that the new process (starting in B and remaining in B) is irreducible, show that the new process is reversible and find its steady-state probabilities.
Compute the dealership sales price variance and sales : Compute the dealership's sales price variance and sales volume variance for the first six months of 2013.
Determining the value of any cash flow is the interest rate : We learned that one of the key variables in determining the value of any cash flow is the interest rate (sometimes referred to as discount rate). However, interest rates may be quoted in more than one way. What do the terms EAR and APR mean?
Present value of the hotels terminal value : The recently opened Grand Hyatt Wailea Resort and Spa on Maui cost $600 million, about $800,000 per room, to build. Assume that the $450 million expense of building the hotel can be written off straight line over a 30-year period (the other $150 mill..
Determining the properties of the system : Develop a utility in C language which will run in Linux operating systems to display following properties of the system:

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