Question
1. Atlas Company builds swimming pools. Atlas budgets that they will sell 14 pools during the month of April at a price of $20892 per
1. Atlas Company builds swimming pools. Atlas budgets that they will sell 14 pools during the month of April at a price of $20892 per pool. Actual pools sold by Atlas during April were 12 pools at a price of $21608 per pool. What is the Master Budget Variance for April? If the variance is unfavorable, use a negative sign right before the number with no space in between.
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2. Mark Company builds swimming pools. Mark budgets that they will sell 14 pools during the month of April at a price of $20278 per pool. Actual pools sold by Mark during April were 12 pools at a price of $21578 per pool. What is the Flexible Budget Variance for April? If the variance is unfavorable, use a negative sign right before the number with no space in between.
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3. Results from Riadapi Company are as follows:
Operating Income | $8709 |
Total Assets | $15492 |
Current Liabilities | $3618 |
Sales | $34859 |
Target Rate of Return (Cost of Capital) | 14% |
Calculate capital turnover. If your answer is a percentage, input it to one decimal place. For example .1222 should be input as 12.2. Otherwise round your answer to one decimal place.
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