What would be likely result of management analysis of report

Assignment Help Accounting Basics
Reference no: EM13120064

santo Company budgeted selling expenses of $30000 in January, $37000 in February, and $45000 in March. Actual Selling expenses were $31000 in January, $35500 in February and $53000 in March.

Instructions:-
(a) prepare a selling expense report that compares budgeted and actual amount by month and for the year to date.
(b) What is the purpose of the report prepared in (a) and who would be the primary recipient?
(c) What would be the likely result of management analysis of the report?

Reference no: EM13120064

Questions Cloud

Basics of potential investors : According to the textbook author, potential investors need information that is: a) relevant and reliable. b) fair and future-oriented. c) accurate and truthful. d) audited and complete.
Find the standard deviation of the distribution of means : The mean numbers of trials to learn maze for the group with the colrful wallpaper is 11. What is the standard deviation of the distribution of means?
What is the delta g for the reaction : The delta G for the reaction is 2.60 kj/mol at 25 degrees C. The initial pressures are  P H2 = 3.34 atm, P I2 = 0.024 atm and P HI = 0.24 atm.
Determining mortgage and interest : Calculate the total cost of interest for both mortgage options. How much does the buyer save in interest with the 20 year option ?
What would be likely result of management analysis of report : santo Company budgeted selling expenses of $30000 in January, $37000 in February, and $45000 in March. Actual Selling expenses were $31000 in January, $35500 in February and $53000 in March.
Terms in algebraic expressions : When adding or subtracting expressions, how do you identify the like terms?
Compute the incidence of stroke in persons : A national survey is conducted to assess the association between hypertension and stroke in persons over 55 years of age. Compute the incidence of stroke in persons over 55 years of age
Problem related to easterns fiscal year : Eastern Manufacturing is involved with several situations that possibly involve contingencies. Each is described below. Eastern's fiscal year ends December 31, and the 2011 financial statements are issued on March 15, 2012.
How many moles of no could be obtained : Large quantity of ammonia are burned in the presence of platinum catalyst to give nitric oxide as d first step in the preparation of nitric acid.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Audit findings

Determine both the relationship of risks in the planning of the audit and factors that influence those risks. Speculate on which type of risk creates the most uncertainty for the auditor, and recommend at least two ways to plan the audit to mitiga..

  Journalize the transactions and posting

Journalize the Transactions and Posting  them into ledger and Preparation of Trial Balance.

  Warranty accrual decision

Cameron Bly is a sales manager for an automobile dealership-Does the warranty accrual decision create any ethical dilemma for Bly? Since warranty expenses vary, what percent do you think Bly should choose for the current year? Justify your response.

  Determining the type of market

For each of the following statements, identify the kind of market it describes. Employ an example from the readings or the internet for each characteristic and explain your choice.

  Calculate suzy''s recognized gain or loss on the distribution

Calculate Suzy's recognized gain or loss on the distributions, if any.  Calculate Suzy's basis in the inventory received.

  Inventory purchases budget

Prepare an inventory purchase budget using the sales manager's estimate. Prepare an inventory purchases budget using the marketing consultants estimate.

  Calculate amount of cash and marketable securities

Using Excel show all formulas for following: Firm has current assets of 100 million and current liabilities of 50 million and goes belly-up.

  Selling and administrative expense budgets

The selling and administrative expense budget of Fenley Corporation is based on the number of units sold, which are budgeted to be 2,500 units in January. Prepare the selling and administrative expense budget for January.

  Planning functions of controllership

Why is essential that the planning functions of controllership can help an organization effectively and efficiently achieve a goal?

  Journal entries-consignment sales

Green Lawn Chemical company sells lawn and garden chemicals through several hundred garden suppy stores and department store garden shops. Assume Green Lawn shipped goods costing Green Lawn $8400 and with a wholesale price (i.e. price to the retai..

  Ruben corporation-breakeven point

Corresponds to CLO 2(c) Ruben Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.50 each, and the variable cost to manufacture them was $2.25 per unit.

  Compensating nonprofit board members

Often Board and other committee volunteers for nonprofit organizaations are compensated for expenses during travel and meetings. Some think that this attracts volunteers for the wrong reasons.

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