18. The quantity factor shows a variance of: a) P8,625 favorable b) P46,125 unfavorable c) P12,816 favorable d) P9,075 unfavorable
Q: The sales price factor shows a variance of: a) P150,000 unfavorable b) P150,000 favorable c)…
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A: The variance causes the operating income to be greater than the budgeted operating income is:
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A: Standard cost is calculated using estimated amounts. If the actual cost is less than the standard…
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A: Given:Co-Variance of A&B=28Risk of investment A=5Risk of investment B=6.25To…
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A: Price variance refers to the actual unit cost of an item bought deducted from its standard cost and…
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A: Variance means the difference of actual costs with budgeted costs.
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A: The variance is the difference between the actual data and standard output of the production.
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A: Simple variance analysis is nothing but variance analysis. Variance analysis means calculating the…
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A: Arithmetic Average Return =R1 + R2 + ... + Rn/n Arithmetic Average Return of X Stock = 39%/5 = 7.80%…
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A: Honor Code: Since you have asked multiple questions, we will solve the first question for you. If…
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A:
Q: c. Calculate the direct labor rate variance. (Do not round your intermediate calculations. Indicate…
A: Solution:- c)Calculation of the direct labor rate variance as follows:- Formula Labor rate variance…
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A: A variance is said to be Favorable when the budgeted revenues are less than actual revenues and…
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A: The calculation of different variances and analysis if favourable or unfavourable are shown…
Q: 21. Which of the following is not measure of variation. Mode Range Variance
A: Variation refers to the degree of spread or dispersion in data. Summary measures are used to…
Q: Which of the following is true? a. The Static Budget Variance for operating income is calculated…
A: Actual operating income - Static operating income = Static budget variance Actual operating income -…
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A: Flexible-Budget Variance = Actual results - Flexible results
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A: Poorly trained workers can cause more usage of materials or more time for the job. So poorly…
Q: Requirement: Compute for the following variances 1. Fixed Spending Variance 2. Variable Spending…
A: Lets understand the basics. Fixed overhead spending variance indicates the variance between the…
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A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
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A: Statement 1 is true, because standard costs are considered as benchmarks for measuring performance.
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- Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. a.Determine the total manufacturing costs and the cost amount per unit for the production and sale of 200,000 units. b.Determine the product cost markup percentage per unit. Round to two decimal place. c.Determine the selling price per unit. Round to the nearest dollar.Use this a pivot table to calcuate the number of total sales revenue, total profit and average profit margin for each product category: Product Category Sum of Quantity Sum of Equipment Cost Sum of Sale Amount Bar Equipment 510 11504.3726 31277.3 Commercial Appliances 730 143395.992 218123.25 Concession Equipment 352 155565.7424 240188.6 Fryers 1874 44151.6007 73716.1 Ovens and Ranges 605 491640.5884 645171.45 Refrigerators and Coolers 457 457926.0049 675414.5 Warmers 395 431708.5537 467847.3 Grand Total 4923 1735892.855 2351738.5I. Manly Company has the following data available for gross profit analysis : Product A Product B Product C P45,000 33,750 7,500 20x1 Total P510,000 Sales P225,000 Cost of sales 180,000 22,500 P240,000 210,000 30,000 423,750 60,000 Units Product A P360,000 Cost of sales 270,000 30,000 Product B P270,000 Product C Total P660,000 20x2 Sales P30,000 24,000 6,000 225,000 519,000 66,000 Units 30,000 Required: Prepare a statement accounting for variation in gross profit taking into account the sales mix factor.
- Prepare a comparative income statement for 20X2 and 20X1 using vertical analysis, and| Problem 2 VERTICAL ANALYSIS. The Lyons Corporation reported the following income stateme data: 20X2 20X1 Net sales $400.000 $250.000 Cost of goods sold $280.000 S160.000 Operating expenses S75.000 $56.000 Requirement: Prepare a comparative income statement for 20X2 and 20X1 using vertical analysis, ana evaluate the results.a. Prepare a common-sized income statement comparing the results of operations for Dawg Electronics Company with the industry average. If required, round percentages to one decimal place. Dawg Electronics Company Common-Sized Income Statement Dawg Electronics Dawg Electronics Electronics Industry Company Amount Company Percent Average Sales $3,750,000 100.0 % 100.0% Cost of goods sold (2,062,500) 550.0 % (61.0)% Gross profit $1,687,500 45.0 % 39.0% Selling expenses $(1,125,000) 0.3 % (23.0)% Administrative expenses (262,500) 0.7 % (10.0)% Total operating expenses $(1,387,500) 37.0 % (33.0)% Operating income $300,000 8.0 % 6.0% Other revenue and expense: Other revenue 15,000 0.4 % 3.0% Other expense (3,750) 0.1 % (1.0)% Income before income tax $311,250 8.3 % 8.0% Income tax expense (93,750) 25 % (2.5)% Net income $217,500 5.8 % 5.5%Income statement information for Einsworth Corporation follows: Sales $442,000 Cost of goods sold 150,280 Gross profit 291,720 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $442,000 % Cost of goods sold 150,280 % Gross profit $291,720 %
- From these results of operations, determine the cost of goods manufactured of XY Co.Finished goods -beg P72,000 Sales P465,000Finished goods - end P66,000 Gross margin P88,000 a. P371,000b. P377,000c. P383,000d. P459,000The Officers of the Company reviewed the profitability of the company's four products and the potential effect of several proposals for varying the product mix. An excerpt from the year's income statement and other date follows: Total P Q R S Sales P62,600 P10,000 P18,000 P12,600 P22,000 Cost of Goods Sold 44,274 4,750 7,056 13,968 18,500 Gross Profit P18,326 P5,250 P10,944 P(1,368) P3,500 Operating Expense 12,012 1,990 2,976 2,826 4,220 Profit before income tax P6,314 P3,260 P7,968 P(4,194) P(720) Units Sold 1,000 1,200 1,800 2,000 Sales Price Per Unit P10.00 P15.00 P7.00 P11.00 Variable Cost of goods sold per unit P2.50 P3.00 P6.50 P6.00 Variable operating expense per unit P1.17 P1.25 P1.00 P1.20 The total fixed cost is not expected to fluctuate as a result of changes under consideration. Required:…income statement information for Sadie Company as follows: Line Item Description Amount Sales $175,000 Cost of goods sold (115,000) Gross profit $60,000 Using vertical analysis of the income statement for Sadie Company, determine the gross profit percentage.
- According to the information given in the table below, which of the following is Cost of Goods Sold? Cost of Production 238600 Opening stock of WIP 44400 Opening stock of FG 39000 Closing stock of WIP 21000 Closing stock of FG 1500 units Total production units 26200 Select one: a. 296000 b. 299000 c. 286000 d. 303000 According to the information given in the table below, which of the following is Raw materials consumed? Opening Stock Raw Materials 27300 Purchases 231600 Freight in 4500 Purchase return raw Material 6500 Wages 123000 Closing Stock Raw Materials 19500Distinguish between gross profit as a percentage of costand gross profit as a percentage of sales price. Convertthe following gross profit percentages based on cost togross profit percentages based on sales price: 25% and331/3%. Convert the following gross profit percentagesbased on sales price to gross profit percentages based oncost: 331/3% and 60%↓ #becausesneaker... HW CH 17 v2.cengagenow.com/ilrn/take... Custom Order Vertical Analysis Income statement information for Ivanoff Corporation follows: Sales Cost of goods sold Gross profit Sales Cost of goods sold Gross profit $428,000 154,080 273,920 Prepare a vertical analysis of the income statement for Ivanoff Corporation. If required, round percentage answers to the nearest whole number. Ivanoff Corporation Vertical Analysis of the Income Statement Amount Percentage $428,000 154,080 $273,920 % % 11 % +