User Account

All Pages

Determine what the operating income should have been

Assignment Help Financial Accounting
Reference no: EM13509184

The May 2009 income statement for Trajan Inc. is shown below:

Actual

Static Budget

Units sold

110

100

Sales

$3,200

$3,000

Variable expenses

$1,920

$1,800

Contribution margin

$1,280

$1,200

Fixed expenses

$680

$700

Operating income

$600

$600

Required:

a) Determine what the operating income should have been for the actual units sold.

b) Reconcile the difference between static budget and actual operating income.

 

Reference no: EM13509184

Questions Cloud

Compute the oscillation frequency of the wing tips : A small bird's wings can undergo a maximum displacement amplitude of 5.00 cm, what is the oscillation frequency of the wing tips
Determine the width of the box : A small device based on the confinement of a proton in a 1 dimensional box is found to have a ground (i.e. n = 1) level energy of 16.9 keV. Determine the width of the box
Find the change in the volume of the anchor : An anchor, made of cast iron of bulk modulus 60.0 × 109 Pa and of volume 0.230 m3, Find the change in the volume of the anchor
How fast is it moving at the end of the first second : Starting from rest, a boulder rolls down a hill with constant acceleration and travels 4.00 during the first second. How fast is it moving at the end of the first second
Determine what the operating income should have been : Determine what the operating income should have been for the actual units sold.
What is the tangential acceleration of the discus thrower : A discus thrower (with arm length of 1.2 m) starts from rest and begins to rotate counterclockwise with an angular acceleration of 1.5rad/s2. What is the tangential acceleration of the discus thrower at this point
Prepare the company planning budget : Prepare a flexible budget performance report for the company using the actual income statement information shown below.
Estimate the constant angular acceleration of the centrifuge : A centrifuge in a medical laboratory rotates at an angular speed of 3750 rpm (revolutions per minute). Find the constant angular acceleration of the centrifuge
Compute the materials quantity variance and materials price : Harmon Household, Inc. manufactures a number of consumer items for general household use. During the recent month, the company manufactured 4,000 chopping blocks using 11,000 feet of hardwood.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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