User Account

All Pages

Compute the revenue sales price sales volume variance

Assignment Help Accounting Basics
Reference no: EM131911372

Question - Sales variances

Assume that casio computer company ltd. , sells handheld communication devices for $110 during August as a back to school special. The normal selling price is $150. The standard variable cost for each device is $70. Sales for August had been budgeted for 400,000 units nationwide; however, due to the slowdown in economy, sales were only 350,000.

Required: Compute the revenue, sales price, sales volume variance, and net sales volume variance.

Reference no: EM131911372

Questions Cloud

Employer and a breach of mutuality : You are a case manager for a registered employer and a breach of mutuality has occurred. What would you tell the insurer?
Prepare a monthly purchases budget : Prepare a monthly purchases budget and a schedule of budgeted cash payments for purchases for july, aug and sept
Prepare the bank reconciliation as of december : Maple Industries Inc. deposits all cash receipts on day when they are received and it makes all cash payment. Prepare the bank reconciliation as of December 31.
What would be amounts related to bonds baddour would report : What would be the amount(s) related to the bonds Baddour would report in its balance sheet (interest payable, bonds payable (net)).
Compute the revenue sales price sales volume variance : The standard variable cost for each device is $70. Compute the revenue, sales price, sales volume variance, and net sales volume variance
Prepare a flexible budget performance report for the july : Storage Products manufactures two models of DVD storage cases: regular and deluxe. Prepare a flexible budget performance report for the July
How assets and liabilities would be computed : Explain the effects of the proposed lease standards would have on the following: How assets and liabilities would be computed.
Compute amount of gross profit to be recognized each year : Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used.
Determine the actual and standard variable costs : Determine the actual and standard variable costs per bag of dog food produced, separated into direct materials, direct labor and variable overhead

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the cost of ending work in process inventory

Determine the cost of ending work in process inventory, Determine the equivalent units of production

  Computed profit earned by selling houses

In the spreadsheet shown below (attached), we computed profit earned by selling houses by entering the formula =F8-E8 in cell G8 and copying it down to G9:G11.

  Describe the trends that you notice in the US dollar

Describe the trends that you notice in the U.S. dollar as compared with the euro

  Surface area of block

Ari is painting blocks of wood for a project. Each block is 8 cm long, 4 cm wide, and 5 cm high. What is the surface area of each block?

  Determine the inventory on march 31 and the cost of goods

Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system

  Which rule requires that the seller be a merchant

Discuss the implied warranty of merchantability and the implied warranty for fitness for a particular purpose. Which rule requires that the seller be a merchant?

  How much overhead cost will be charged to the two products

Scoresby Co. uses 6 machine hours and 2 direct labor hours to produce Product X. How much overhead cost will be charged to the two products?

  What is the unexpected capacity variance

Warner Co. has budgeted fixed overhead of $150,000. What is the unexpected (unplanned) capacity variance

  Maddie padton of padton interiors received her december

maddie padton of padton interiors received her december bank statement on january 4 2002. it showed a 1684.34 balance.

  Management is considering purchasing an asset for 31000

management is considering purchasing an asset for 31000 that would have a useful life of 4 years and no salvage value.

  Post the effects to the appropriate t-accounts

Post the effects to the appropriate T-accounts and determine ending account balances

  The nine percent preferred stock of bean coffee is selling

the nine percent preferred stock of bean coffee is selling for 39 a share. what is the firms cost of preferred stock if

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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