During 1 month a business had a favourable sales volume variance of $2000 and an adverse sales
Question:
During 1 month a business had a favourable sales volume variance of $2000 and an adverse sales price variance of $1000. Calculate the total sales variance and state whether actual profits have increased or decreased compared to those budgeted.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
A favourable total sales ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Cambridge International As And A Level Accounting Revision Guide
ISBN: 9781444192001
1st Edition
Authors: Ian Harrison, Michael Hillman
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Let a = (4, 5) and 6 = (-4,-2). Find the projection of b onto a. proj; b = =V
-
Why is continuous quality improvement kaizen essential to achieve TQM and critical to an organizations success and competitive position?
-
You have been asked to value Oneida Steel, a midsize steel company. The firm reported \($80\) million in net income, \($50\) million in capital expenditures, and \($20\) million in depreciation in...
-
Let's check back in on Jordan. Recall, Jordan had just watched The Queen's Gambit and decided to hone their skills, practicing for 3 hours the first week, and increasing the time spent practicing by...
-
The Central Valley Company has prepared department overhead budgets for budgeted-volume levels before allocations as follows: Management has decided that the most appropriate inventory costs are...
-
Provide the correct Answer. Stockholders' Equity Category Peeler Company was incorporated as a new business on January 1, 2017. The corporate charter approved on that date authorized the issuance of...
-
Identify two factors that could have caused: (a). An adverse direct materials usage sub-variance (b). A favourable direct labour rate sub-variance. (c). An adverse sales volume sub-variance.
-
What are the effects on the profits of a business of adverse variances and favourable variances?
-
Napanee Resources Inc. has assembled the following data for the year ended June 30, 2017: Payment of dividends ............................ $ 12,000 Cash received from issuing shares .................
-
Suppose we have a lognormally distributed $55 stock with a 14% continuously compounded expected rate of return, a 4% dividend yield, and a 25% volatility. The continuously compounded interest rate is...
-
1. Explain the stages of the consumer buying behavior. Illustrate your answer with a recent personal experience. 2. Explain the meaning of value and highlight the differences between utilitarian...
-
Find the equivalent system of equations to the following augmented matrices: 0 3 a) 1 -1 4 0 Solution: (a) (b) (c) 2 -2 2 3 1 b) 4 3 2 0 00 6 10 0 7 1 0 0 1 -3 10 -3 9 0 -1.1 0 0 3 -5T 3 2.5
-
How would standard costs and a balance scorecard will be used to evaluate your organization's performance and why both financial and non financial metrics should be integrated when evaluating an...
-
Assume that a company is considering buying a new piece of equipment for $280,000 that would have a useful life of five years and a salvage value of$45,000. The equipment would generate the following...
-
Last year, Tucker Electronics decided to try to do something about turnover among assembly-line workers at its plants. It implemented two trial personnel policies, one based on an improved hiring...
-
In a large midwestern university, 30% of the students live in apartments. If 200 students are randomly selected, find the probability that the number of them living in apartments will be between 55...
-
A partnership is dissolved. a. Which account should be debited if a partner takes over the inventory of the business? b. Which account should be credited if a partner takes over one of the business...
-
Under what circumstances might a partnership be dissolved?
-
Explain how inherent goodwill should be shown on a statement of financial position.
-
20. If the marginal rate of technical substitution (RTS of L for K) at some input combination is this means that If the firm employs 1 more unit(s) of labor, the firm can employ 3 fewer unit(s) of...
-
Under the model of monopolistic competition, a ( an ) _ _ _ _ _ _ _ _ in the number of firms in the industry will cause _ _ _ _ _ _ _ _ to _ _ _ _ _ _ _ _ . A ) increase; average price; decrease B )...
-
The budget for each work package is ______. A. charged completely on the first day of the work package B. charged at the end of the project C. distributed over the duration of the work package D....
Study smarter with the SolutionInn App