Determine the sales volume variance

Assignment Help Accounting Basics
Reference no: EM133091972

Question - A company's master budget for October is to manufacture and sell 30,000 units, for a total sales revenue of $270,000, total variable costs of $180,000, and total fixed costs of $24,000. The company actually manufactured and sold 32,000 units, and generated $45,000 of operating income in October.

Required - Determine the sales volume variance, in terms of operating income, for October?

Reference no: EM133091972

Questions Cloud

What is a dissertation : What will it be like for you to write a dissertation? What excites you about the process? What challenges do you expect to encounter?
Explain the major components of a programming language : Explain the major components of a programming language of your choice and Compare the strengths and limitations of modern computer programming languages
Major business opportunities in the region : Given that oil resources of MENA are expected to become exhausted in the coming decades what are the major business opportunities in the region?
Prepare a report on business ethical decision : Prepare a report on business ethical decision in veterinary practice by utilizing your findings
Determine the sales volume variance : A company's master budget for October is to manufacture and sell 30,000 units, Determine the sales volume variance, in terms of operating income, for October
Create an overarching report considering the data breach : You start your presentation by summarising the typical business decisions made by AXION Airways and Provide an assessment of the internal and external sources
Prepare an adjusting entry to recognize bad debts for dubai : Prepare an adjusting entry to recognize bad debts for Dubai Incorporated for each of the following assumptions: Bad debts estimated to be 1.5% of credit sales
Transformational and transactional leadership : Business Leadership Practice Question: What is the difference between transformational and transactional leadership?
Understanding of the issues : The artist, Shepard Fairey, created President Obama's "Hope" poster and was consequently sued for copyright infringement. He lost. Do some research and discuss

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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