During july neptune company had actual sales of 144000 with

Assignment Help Accounting Basics
Reference no: EM13573635

During July, Neptune Company had actual sales of $144,000 with a volume of 64,000 units compraed to budgeted sales of $156,000 of 65,000 units. Actual variable cost of goods sold was $108,800, compared to a budget of $109,200. Monthly fixed expenses, budgeted at $22,400, totaled $20,000. Interest revenue of $2,000 was earned during July but had not been included in the budget. Prepare a flexible budget performance report for July and explain Neptune's operating income variance.

Reference no: EM13573635

Questions Cloud

For each of the itineraries calculate the present values of : national cruise line inc. is considering the acquisition of a new ship that will cost 200000000 in this regardnbspthe
Marfa company is evaluating two different investment : 1. kramer company paid 60000 to purchase a depreciable asset. the asset is expected to produce annual cash inflows of
Determine the capitalized cost of an alternative that has a : determine the capitalized cost of analternative that has a first cost of 55000 an annual maintenance cost of 12000 and
Utilizing the data collection skills used to prepare the : city report scenario utilizing the data collection skills used to prepare the critical thinking exercises students are
During july neptune company had actual sales of 144000 with : during july neptune company had actual sales of 144000 with a volume of 64000 units compraed to budgeted sales of
What is the eigth year depreciation using the macrs method : what is the eigth year depreciation using the macrs method in the following example. purchase price 1250000 set up and
Describe a particular aspect of versailles that you think : describe a particular aspect of versailles that you think represents the palaces purpose as a symbol of absolute
Western outfitters mountain sports projected 2008 sales of : western outfitters mountain sports projected 2008 sales of 75000 units at a unit price of 12.00. actual 2008 sales were
Western outfitters mountain sports projected 2008 sales of : western outfitters mountain sports projected 2008 sales of 75000 units at a unit price of 12.00. actual 2008 sales were

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