User Account

All Pages

How do make a variance analysis for september

Assignment Help Accounting Basics
Reference no: EM132673595

Sales (WCDs)           800

ABC Pty Ltd operates a no frills hairdressing salon with a single service offering: wash, cut and blow dry (WCD). The price of this service is $40.

The budget for September is shown below. Actual figures for September were: sales revenue of $30,400 for 760 units; supplies $2,000, variable utilities $1,520; labour costs $16,000; and fixed overhead $9,000.

Sales Revenue $32,000

Supplies $1,600

Labour $16,000

Variable utilities $1,600

Fixed overheads $9,000

Profit/(loss) $3,800

Required:

Problem (a) make a variance analysis for September. The analysis should show the original budget, a flexed budget, actuals and relevant variances.

To assist the Managing Director of ABC Pty Ltd in controlling the business, briefly interpret and provide possible explanations for the variances.

Reference no: EM132673595

Questions Cloud

Solve weighted average cost of capital with workings : Debt $100,000,000,6.25% coupon bonds, Calculate weighted Average cost of capital (WACC) with workings and stating assumptions underlying computations.
Explain the difference between hardware and software : Explain the difference between hardware and software. Why should a manager care about software and how software works?
Describe two major ways in which a company can grow : Describe two major ways in which a company can grow. Give examples to illustrate the two ways of growing.
Why did medieval adventures need money in april : How is possible that a company starts with $250,000 in capital and has profitable sales for the period of six months and still ends up with a zero bank balance?
How do make a variance analysis for september : Make a variance analysis for September. The analysis should show the original budget, a flexed budget, actuals and relevant variances.
What tips can you give for communicating verbally : 1. What tips can you give for communicating verbally? 2. How can you demonstrate leadership skills?
What behavioral signs indicate certain tasks are occurring : Develop a short guide for parent's outlining developmental tasks in adolescence and puberty. What theorists have discussed this stage and what they have found?
What are the ethical concerns associated with employers : What are the ethical concerns associated with employers' desire to monitor happiness and worker satisfaction - and using technology to do it?
Make a cash budget for company for july through to december : All sales are on credit and past records indicate that collections. Make a cash budget for the company for July through to December (inclusive)

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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