Complete the following performance report for profit center P for the month ended December31: Actual Master Results
Question:
Complete the following performance report for profit center P for the month ended December31:
Transcribed Image Text:
Actual Master Results Variance Budget Sales Controllable variable costs $$20 (F) Ş120 Variable cost of goods sold 25 10 (U) Variable selling and administrative expenses Contribution margin Controllable fixed costs Profit center income 15 $100 $? $100 60 ? $10 (F) $ 50 10 (F 2 Performance measures Number of orders processed Average daily sales Number of units sold 20 (F) $? $.66 (F $4.00 40 (F 50 100
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Performance Report for Profit Center P Profit Center P For the Month Ended December 31 Actual Mast...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0618777181
8th Edition
Authors: Susan V. Crosson, Belverd E. Needles
Question Posted:
Students also viewed these Managerial Accounting questions
-
In Product Design and New Product Introductions, it is best to fail fast and move on. Group of answer choice: o True o False
-
Complete the following performance report for cost center S for the month ended September 30: Actual Flexible Results Variance Budget Variance Budget Master Units produced Center costs: 80 0 (20) (U)...
-
A company has produced the following performance report for April. The budget shown in the report was based on an original assumption that the total market size for April would be 40 million units....
-
solve the following instance of the 0/1 kropsack problem using dynamic programming approach. Assume that the knapsack capacity is 9. Item 1 3 4 weight 6 2 5 7 Benef $8 $4 $6 $10
-
Consider a failure that occurs during 2PC for a transaction. For each possible failure, explain how 2PC ensures transaction atomicity despite the failure.
-
Question 7 of 10 ./1 View Policies Current Attempt in Progress The following information relates to labor for Marigold Appliance Repair Shop $132,300 Repair-technicians' wages Fringe benefits...
-
E 11-11 Accounting for a VIE beyond the initial measurement date Qin Corporation owns a 20 percent interest in a VIE, which it acquired in 2016, and acts as its primary beneficiary. During 2017, the...
-
The shareholders' equity of Kramer Industries includes the data shown below. During 2012, cash dividends of $150 million were declared. Dividends were not declared in 2010 or 2011. Required:...
-
tains to the cash payments: i More Info a. Striker Corporation pays for 50% of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct...
-
Compare the cash conversion cycles of two competitors of your company using the following facts: Competitor A Inventory conversion period = 88 days Average collection period (ACP) = 54 days Payables...
-
Complete the following performance report for cost center C for the month ended December31: Flexible Results Variance Budget Variance Budget Actual Master (20) U 100 Units produced Center costs...
-
Virtual Online Products is considering adopting the balanced scorecard and has compiled the following list of possible performance measures. Select the balanced scorecard perspective that best...
-
Require that you convert the given pressure from gage to absolute pressure or from absolute to gage pressure as indicated. The value of the atmospheric pressure is given. Given Pressure P atm Express...
-
The Log Jamboree amusement park ride at Six Flags over Georgia consists of an approximately rectangular flume that is 6 ft wide and is constructed from fiberglass (ks = 0.002 in). In the low-velocity...
-
57'-8" 1. The building perimeter walls are 1'2" thick and the interior walls are 1'0" thick. Fig 1 and Fig 2 detail the linear feet of 1'2" -thick foundation walls. In addition, side B is 8'4" tall...
-
The Orpheus Chamber Orchestra is celebrating its 50 years as an orchestra this year. Read the following articles about its unique structure: The first Charlotte article is copied below, the rest just...
-
Which of the five strategies for adapting products and promotion for global markets does Monster Employ? 15-16. Which factors in the global marketing environment have challenged Monster's global...
-
Analysis of Current International Economic Environment in Switzerland 1. Develop a lead sentence for this section that introduces the key subsections 2. Economic Environment describe Switzerland...
-
Tony Falk, the owner of Westwood Store, has not maintained an adequate accounting system and has asked you to help him prepare an income statement for the business. Based on information he has...
-
AB CORPORATION ISSUED THE FOLLOWING 850 COMMON STOCKS PAR VALUE P100 750 PARTICIPATING PREFERRED STOCKS PAR VALUE P100 AT 3% AB CORPORATION DECLARED P100,000.00 DIVIDEND IN 2022.
-
Why do you think the 150% DB method is used as the basis for depreciation for 15-year and 20-year classes of equipment?
-
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears on the following page: Required: 1. Compute...
-
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears on the following page: Required: 1. Compute...
-
Miller Companys most recent contribution format income statement is shown below: Required: Prepare a new contribution format income statement under each of the following conditions (consider each...
-
question 6 Timely Inc. produces luxury bags. The budgeted sales and production for the next three months are as follows july. august september Sales, in units 1,115. 1229. 1302 Production. in units...
-
On May 12 Zimmer Corporation placed in service equipment (seven-year property) with a basis of $220,000. This was Zimmer's only asset acquired during the year. Calculate the maximum depreciation...
-
Power Manufacturing has equipment that it purchased 7 years ago for $2,550,000. The equipment was used for a project that was intended to last for 9 years and was being depreciated over the life of...
Study smarter with the SolutionInn App