Solution-What was the variable cost variance

What was the variable cost variance

Assignment Help Managerial Accounting

Reference no: EM133052901

Question - The following budgeted and actual income statements have been prepared for 2008 for WRL Company:

	Actual (20,000 units)	Budgeted (19,000 units)
Sales	$480,000	$494,000
Variable costs	390,000	380,000
Contribution margin	$90,000	$114,000
Fixed costs	92,000	85,000
Net income (loss)	$(2,000)	$29,000

Required -

1. What was the selling price variance based on 2008 results?

2. What was the sales activity variance based on 2008 results?

3. What was the variable cost variance for 2008?

Reference no: EM133052901

Questions Cloud

Discussion - trust and the process recording : Discussion - Trust and the Process Recording - Share how trust is established and maintained between clients and the site's community partners

Client dignity and worth : Client Dignity and Worth - Share if the relationships between the clients and your site appear to promote the well-being, respect, dignity, and worth

Describe how this course can contribute to your career goals : Draft one or two specific goals you want to accomplish by the end of the course - Describe how this course can contribute to your career goals

Prepare a single-step income statement : Prepare a single-step income statement that includes these expense categories: cost of goods sold, selling expenses, and general and administrative expenses

What was the variable cost variance : The following budgeted and actual income statements have been prepared for 2008 for WRL Company: What was the variable cost variance

Calculate the break-even units for the year : The fixed cost is R100,000 and will not change should the number of units sold increase as planned. Calculate the break-even units for the year

Internationalization of a local business in bangladesh : "Internationalization of a local business in Bangladesh" In this assignment, students will choose any local business that they want to internationalize in the f

Determine the proportional usage of each support department : Your next step is to determine the proportional usage of each support department's cost driver by the other departments to which its costs are to be allocated

Examine the impact of globalization on management : Examine the impact of globalization on management

User Account

All Pages

What was the variable cost variance

Reference no: EM133052901

Reference no: EM133052901

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT