Reference no: EM13141484
Determining sales and variable cost volume variances
Holligan Publications established the following standard price and costs for a hardcover picture book that the company produces.
Standard price and variable costs:
sales price $37.00
Materials 8.70
Labor 4.30
Overhead 6.10
General, selling, and administrative 6.50
Planned fixed costs:
Manufacturing $128,000
General, selling, and administrative $49,000
Holligan planned to make and sell 30,000 copies of the book.
a. Prepare the pro forma income statement that would appear in the master budget.
b. Prepare flexible budget income statements, assuming volumes of 29,000 and 31,000 units.
c. Determine the sales and variable cost volume variances, assuming volume is actually 31,000 units
d. Indicate whether the variances are favorable (F) or unfavorable (U).
e. Comment on how Holligan could use the variance to evaluate performance.
|
How many moles of ions are in the solution
: a solution is prepared by dissolving 20.0 g of NaI in enoug water tomake 300.mL of solution How many moles of ions are in 25.mL of thesolution?
|
|
Lifespan development
: Suppose you were curious about people's views regarding instant messaging and how it has affected the lives of Americans. Would the age of the individuals whose opinions you asked matter?
|
|
Prepare portion of the income statement beginning
: Prepare portion of the income statement beginning with "income from continuing operations before income tax" for the yr ended December 31, 2004
|
|
Examining spectrum anlyser output
: Analysing spectrum anlyser output, A spectrum analyzer is connected to an unknown signal. The spectrum analyzer displays the power level of signals in dBm vertically and frequency horizontally. The spectrum of the unknown signal creates the follow..
|
|
Find out the sales and variable cost volume variances
: Prepare flexible budget income statements, assuming volumes of 29,000 and 31,000 units. Find out the sales and variable cost volume variances, assuming volume is actually 31,000 units
|
|
Procedure performed before the balance sheet date
: Which of the following procedures is least likely to be performed before the balance sheet date?
|
|
What are your opinions of women and technology.
: What are your opinions of women and technology. Has is changed and did it open the doors for opportunities.
|
|
The australian dollar
: The Australian dollar has appreciated strongly over the past decade, leading to increased concerns over the impacts of the high exchange rate on trade-exposed sectors of the economy".
|
|
Find sample which is needed to estimate true proportion
: How large a sample is needed to estimate the true proportion of home owners who have vegetable gardens to within 5 percentage points with 92% confidence?
|