User Account

All Pages

Solve problems of the lexota inc

Assignment Help Accounting Basics
Reference no: EM131666039

Question: Sales-volume, sales-mix, and sales-quantity variance. Lexota, Inc., an auto manufacturer, reported the following budgeted and actual sales of its vehicles during September, Year 2:

                                Budgeted Units         Budgetes Sales         Actual Units          Actual Sales

Power Lex 500                   200                   $10,000,000                150                  $8,000,000

Ota GAs Sipper                   200                   $ 4,000,000                250                  $4,000,000

The budgeted contribution margin is 20% for both vehicle types. Which of the following statements is true concerning the sales variances for Lexota, Inc. for September, Year 2?

a. The sales-volume variance for the company is favorable.

b. The sales-quantity variance for the company is unfavorable.

c. The budgeted variable cost for each vehicle type is the same.

d. The sales-mix variance for the company is unfavorable.

Reference no: EM131666039

Questions Cloud

Discuss the vexing issue of wrongful convictions : Prepare a brief essay analyzing and reacting to one of two recent articles that raise critically important issues of the criminal justice system.
Describe an issue or problem in public health : Describe an issue or problem in public health that could be addressed with a policy change, including:
Discuss what types of damages are recoverable : Does the Montreal Convention specify what types of damages are recoverable or whether the husband may bring an action
How you will select your sample population : the research method (qualitative or quantitative) how you will select your sample population, how you will collect your data and how you will analyze your data.
Solve problems of the lexota inc : Sales-volume, sales-mix, and sales-quantity variance. Lexota, Inc., an auto manufacturer, reported the following budgeted and actual sales of its vehicles.
How are competitors blocked out of the business : What are the barriers of entry in the coffee shop business? How are competitors blocked out of the business?
Discuss round-trip london and denver : The Plaintiff purchased a round-trip ticket on British Airways between London and Denver. Three days later she purchased a round-trip ticket on American Airline
Implemented in different types of industries is problematic : how those strategies be implemented in different types of industries is problematic.
Consider the multiple definitions of collaboration : Define collaboration and how you will apply it in this course based upon the discussion with your Learning Team. Be sure to reference and cite your sources.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Delta corporations corporate charter authorizes the company

delta corporations corporate charter authorizes the company to sell 450000000 shares of 1.50 par common stock. as of

  Prepare condensed income statements for the past year

Bentz Co. has two divisions, A and B. Prepare condensed income statements for the past year for each division

  Determination of taxable income for corporation

In addition Y and Z follow Federal provisions with respect to the determination of taxable income for the corporation. Y recognizes S status, but Z does not. Based on the following information, write a memo to the shareholders of Hernandez detaili..

  The business incurred the following transactions

2. on september 1, 2014 , Michael Moe incorporated Meo's Mowing, Inc., a company that provides mowing and landscaping services. During the month of September, the Business incurred the following transactions.

  Collect the 4 main financial statements from credible

select a company that you are familiar with from the transportation industry.bullcollect the 4 main financial

  A piece of equipment has a cost of 20000 the equipment will

a piece of equipment has a cost of 20000. the equipment will provide cost savings of 3500 each year for ten years after

  Carryover basis in an asset

Partnership will take a carryover basis in an asset it acquires when: a. The partnership acquires the asset through a § 1031 like-kind exchange. b. A partner owning 25% of partnership capital and profits sells the asset to the partnership.

  Calculate cash flows out of eden inc is planning to invest

calculate cash flows out of eden inc. is planning to invest in new manufacturing equipment to make a new garden tool.

  Complete ending goods in process inventory

The production department in a process manufacturing system completed 191,500 units of product and transferred them to finished goods during a recent period.

  Appropriate basis of overhead application

What would be the more appropriate basis of overhead application: printing press machine hours or direct labor hours? Given the choice of driver, are there any implications to consider for under or over applied overhead?

  Is collection of fee an exchange or nonexchange transaction

How would this change affect the reported expenditures of a governmental fund under GAAP? List at least two other accounting gimmicks and describe their effect on reported revenues and expenditures.

  Cases relate to the valuation of assets

Cases relate to the valuation of assets

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