User Account

All Pages

What is the sales-volume operating income variance

Assignment Help Managerial Accounting
Reference no: EM132581364

The Sia Company manufacturers laptops. Some of the company's data was misplaced. Use the following information to replace the lost data:

                                                Actual                   Flexible              Flexible            Sales Volume           Static

                                            Results                     Variances                Budget        Variance                Budget

Units Sold                       500                                                     500                                    450

Revenues                       (A)                          $5,000 F                 $190,000         (B)         $171,000

Variable Costs               $147,500                   $2,500 F                   (C)             $15,000 U    $135,000

Fixed Costs                    $25,000                      (D)                     $20,000            $20,000

Operating Income                $22,500                 $2,500 F              $20,000               (E)           $16,000

Required:

Question a. What are the actual revenues (A)?

Question b. What is the sales-volume revenue variance (B)?

Question c. What are the flexible budget variable costs (C)?

Question d. What is the flexible-budget fixed cost variance (D)?

Question e. What is the sales-volume operating income variance (E)?

Reference no: EM132581364

Questions Cloud

Do you think that a doctor or nurse is protected : Do you personally agree with the common law viewpoint that, ordinarily, a bystander has no duty to come to the aid of a person in need?
What september direct manufacturing labor efficiency : What September's direct manufacturing labor efficiency variance is and September's direct manufacturing labor price variance is
Federal personnel with respect to dealing with this tragedy : What were some of the actions of local, state and federal personnel with respect to dealing with this tragedy?
Does a hospital have a different duty to an indigent person : Does a hospital have a different duty to an indigent person who comes to the emergency room than to a person who has insurance? Please explain your answer fully
What is the sales-volume operating income variance : What is the sales-volume operating income variance (E)? What is the flexible-budget fixed cost variance (D)? What are the flexible budget variable costs (C)?
Discuss the emergency medical treatment and labor act : In a brief, well-organized two to three page essay, discuss the Emergency Medical Treatment and Labor Act. Include any possible problems can you think.
Cost of storing a wheel from one month : Chip Hoose is the owner of Hoose Custom Wheels. Chip has just received orders for 1,000 standard wheels and 1,250 deluxe wheels in month
Code Wiz Company Research : Before embarking on researching and answering a client's question, one must understand the client fully.
Identify the keywords you used to search the literature : Analyze the feedback that you received on your study questions and research topic both from the Instructor and from your colleagues.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the fixed cost at hours

The variable rate is found to be $3 per hour and the high point is 200 hours at a total cost of $1,800. What is the fixed cost at 350 hours?

  Compute the flexible budget net operating income

Compute the Flexible Budget Net Operating Income for the same month - Prepare a flexible budget for that level of activity - Compute the Flexible Budget

  Find a manufacturing companys annual reportcalculate the

find a manufacturing companys annual report.calculate the following ratios for the company that you selectreturn on

  Determine the cost function for one travel

Explain how One Travel's operating income could increase by $72 million with an increase in sales of $80 million, while it had an operating loss of $11 million

  About the permanent account

An adjusting entry will not take the format of which one of the following entries? Which of the following is a permanent account?

  Equity method journal entries with intercompany sales

Equity method journal entries with intercompany sales of inventory Assume that an investor owns 35% of an investee, and accounts for its investment using the equity method. How much equity income should the investor report for the year? What is the b..

  Define the three costing methods

Define the three costing methods. Explain when each is most appropriately used. Compare and contrast the methods, considering both benefits and shortfalls.

  A company allocates overhead at a rate

A company allocates overhead at a rate of 150% of direct labor cost.

  How are gross profit and net income changing

How are gross profit and net income changing, as dollar values?

  Calculate and determine contribution margin per unit

Calculate Contribution margin per unit, Contribution margin ratio, Required units to break even, Required sales dollars to break even.

  What unit cost is relevant for establishing minimum selling

Inferior units to have any effect on the sales of its current model. What unit cost is relevant for establishing a minimum selling price for these units?

  Write a memorandum on the given ethics issue

Write a one to two page memorandum on the following ethics issue: - Scott just started a new business and needs to hire several new employees.

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