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Sales volume variance analysis:
Lions Company prepared a budget last period with budgeted sales of 55,000 units at a price of $75 each. Variable costs were budgeted to be #10 per unit. Fixed costs were budgeted to be $2,000,000 for the period. During the period, actual sales totaled 58,000 units. Prepare a variance report to show the difference between the master budget and the flexible budget.
Use the contribution margin ratio CVP formula to compute Peyton Travel's break-even sales in dollars. If the average sales price of a ticket is $660.00; how many tickets must be sold to reach break-even?
Evaluate the capital loss
Describe how a flexible budget lends itself to cost-volume-profit analysis.
Suppose that the managers of hospital are setting the price on new outpatient service. Here are relevant data estimates:
Research the history of procedure costing in the United States. When did it begin to be employed in manufacturing companies? What sort of company would employ a process costing system?
Write down the benefits of standard costs and how do businesses set those standards.
What should the Manhattan Company do to improve its profitability? Consider pricing and product-level changes among your suggest. Who should be involved in implementing your recommendations?
Please give a 4-6 page with references about the information attached. This information will be employed as informative guidance to assist me completing the work prescribed. In particular analyzing and explaining financials.
What is a service or product in McDonald's which can employ activity based costing? What are three activities for activity based costing and the correct cost drivers for them? Give an estimate for application rates of these drivers.
Provide guidance relating to typical activities, examples of cost pools and cost drivers, and the overheads for Housebuilding company like Bovis Homes.
Your CFO, in her initial work, needs to decide whether to set up a job order costing system or a process type costing system. She has asked you to make a recommendation based on the following information.
Prepare general journal entries in general journal form
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