The Nire Company plans to sell 2,000 nires a month, the standard marginal cost of which is

Question:

The Nire Company plans to sell 2,000 nires a month, the standard marginal cost of which is £60 each, at a selling price of £80 each.

Last month it sold 2,100 nires for £161,700.

Calculate the sales contribution price variance and the sales contribution volume variance.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Understanding And Practice

ISBN: 9780077139131

4th Edition

Authors: Robert Perks

See More Books

Question Posted: May 22, 2024 02:01 AM

See More Questions

Consider the following information: Rate of Return if State Occurs State of Economy Boom :57 Bust of Economy .66 .34 Probability of State Stock A .09 .13 Stock B Stock C .03 .19 .24 -.04 a. What is...
8 players P, P2, P3, ..., Pg play a knock out tournament. It is known that all the players are of equal strength. The tournament is held in three rounds where the players are paired at random in each...
On December 1, 2021, your company borrowed $16,500, a portion of which is to be repaid each year on November 30. Specifically, your company will make the following principal payments: 2022, $2.200:...
In Exercises verify the identity. coshx = 1 + cosh 2x 2
Clusters of documents can be summarized by finding the top terms (words) for the documents in the cluster, e.g., by taking the most frequent k terms, where k is a constant, say 10, or by taking all...
State the Divergence Theorem.
Students in a statistics class drew circles of varying diameters and counted how many Cheerios could be placed in the circle. The scatterplot shows the results. The students want to determine an...
Kaitlin Carlton, a CPA sole practitioner, prepares tax returns each year for approximately 100 clients. Items 1 through 8 each represent an independent factual situation in which Kaitlin has prepared...
Analyze contemporary issues and challanges for islamic banking and finance in somalia With references 2 pages
The following is extracted from the standard unit cost card of RNM Ltd for the quarter ended 31 December 20X9: Variable overheads are determined by using the skilled labour hours, while fixed...
The standard cost of producing one kiredo is as follows: Fixed overheads are expected to be 180,000 per annum, and the plan is to produce 12,000 kiredos per annum. Last month 1,200 kiredos were...
Each element in a seven-element array can hold ________value(s). a. One b. Seven c. At least seven d. An unlimited number of
Why do you think it is important to consider only relevant costs when conducting a differential analysis for a major purchase? Why not consider all possible costs in your decision? provide specific...
How do power dynamics and influence tactics shape decision-making processes and organizational politics within hierarchical structures ?
How do I answer these given the information below? Loan Amount? Loan to Value? Loan to Cost? Payment amount? Loan Balance at Maturity? Given Information: Property Cost: $1,000,000 Bank Policy on LTV:...
In your initial post, first do the following: Use scholarly references to define Project Management (PM), Systems Development Life Cycle (SDLC), and Application Life Cycle (AL). Then, in the same...
How do concepts of diversity and inclusion vary across different cultural and geographical contexts, and what strategies can multinational organizations employ to navigate these variations...
The problem requires you to use File C05 on the computer problem spreadsheet. a. Assume today is January 2, and the expected inflation rates for the next five years are as follows: Year Inflation...
Which of the following statements is false? a. Capital leases are not commonly reported in a Capital Projects Fund. b. A governmental entity may report a Capital Project Fund in one year but not the...
As a Financial Analyst in the Finance Department of Zeta Auto Corporation they are seeking to expand production. The CFO asks you to help decide whether the firm should set up a new plant to...
Chapter 4 When an Auditor finds misstatements in entities financial statements which may be the result of fraudulent act, what should be the role of an auditor under that situation? (2 Points)
Suppose the following input prices are provided for each year: Required: $

The Nire Company plans to sell 2,000 nires a month, the standard marginal cost of which is

Question:

Step by Step Answer:

Accounting Understanding And Practice

Students also viewed these Business questions