What portion is due to a combination of selling price

Assignment Help Financial Accounting
Reference no: EM13876949

Edwards and Bell market a single line of home computer, dubbed the XL-98. The master budget for the coming year contained the following items: sales revenue, $400,000; variable costs, $250,000; fixed costs, $100,000. Actual results for the year were as follows: sales revenue, $350,000; vari- able costs, $225,000; fixed costs, $95,000. The flexible-budget operating income for the year was $35,000. What is the total static (master) budget variance in operating profit for the period? What portion of the total static (master) budget variance is attributable to actual sales volume being dif- ferent from planned sales volume? What portion is due to a combination of selling price and costs (variable cost per unit and total fixed costs) being different from budgeted amounts?

Reference no: EM13876949

Questions Cloud

How do factors or processes actually cause to obesity : list factors and processes that indicate this pattern, need at least 2. what is a process? how do factors/processes actually cause or contribute to obesity? how does obesity affect people in different parts of the world socially and economically
Perform a sensitivity analysis on the selling price : Expected Value (EV), should Business Fellow buy or not buy the Pullovers and every calculation should be with the minimum order.
How many units of labor and capital does firm employ : A firm operates with the production function Q = 1.4K 0.4 L0.5-If the prices of labor and capital are $10 and $20, respectively, and the firm's allocates only $8,000 a day for production costs (net of fixed cost) how many units of output can the fi..
Advantage and one disadvantage of hybridisation : Hybridisation has often been practised in horticulture and agriculture. Identify one example of hybridisation.  Explain one advantage and one disadvantage of hybridisation
What portion is due to a combination of selling price : What portion is due to a combination of selling price and costs (variable cost per unit and total fixed costs) being different from budgeted amounts?
What was the sales price variance for the year : Actual sales volume was 5 percent less than budget. What was the sales price variance for the year? Label this variance F (favorable) or U (unfavorable), as appropriate.
What impact did shortfall in volume have on profitability : Actual fixed costs were $46,000. With everything else held constant, what impact did the shortfall in volume have on profitability for the year?
Determine the firm''s profit maximizing level of output : Consider a firm with production function Q = 2.2K 0.45 L0.4. Assume P, w, r and fixed cost FC are 200, 100, 150, and 200, respectively. Determine the firm's profit maximizing level of output, employment of resources, and total profit.
What was the total static budget operating-income variance : What was the total static budget (operating-income) variance for 2010? Was this total variance favorable (F) or unfavorable (U)?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Finding the sample size of 95 level confidencea consumer

finding the sample size of 95 level confidence.a consumer group would like to estimate the average amount of pgampe

  Question rapid industries has multiple divisions iron

question rapid industries has multiple divisions. iron products one division makes a component that another division

  Which conclusions do the variances best support

Which of the following conclusions do these variances best support? More materials were purchased than were used.

  Evaluate the abc cost of a resident day for each category

Evaluate the ABC cost of a resident day for each category of residents using assistance hours as the cost driver.

  Summary journal entry to record raw materials used

In January, Knox Company requisitions raw materials for production as follows: Job 1 $900.00, Job 2 $1400.00, Job 3 $700.00, and general factory use $600. Prepare a summary journal entry to record raw materials used.

  Positive confirmation effort for balance sheet

The following responses, A-E, were received from a positive confirmation effort for balance sheet dated December 31, 2013, related to accounts receivable. We cannot answer your request for confirmation; we use an accounts payable voucher system and c..

  Determine equivalent units in process for direct materials

Determine equivalent units in process for direct materials and conversion costs, assuming there was no beginning inventory. Show all of your work.

  Income statements and the retained earnings statement

Purpose two income statements and the Retained Earnings Statement. Use the single-step format and multiple-step income formats and income statement in the period

  Intermediate accounting locate an article

Intermediate Accounting Locate an article from a financial periodical from the past 2 years about a company that restated its financial statements due to an error in accounting principal. Write a paper of no more than 700 words with references disc..

  Regardless of the providers type of business

Regardless of the providers type of business, should also care providers is the same set of ratios when conducting a financial statement analysis? Explain.

  Following is information taken from the accounting records

following is information taken from the accounting records of kagawa company at the end of 2009.- net sales 660000-

  Impact of increase in production volume on sales cost and

impact of increase in production volume on sales cost and income.redi-watt generators inc. produced emergency backup

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd