Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

FlexCap Corp. had a favourable sales price variance of $4,800 for 2016. The company had budgeted for sales of 10 000 units at a sales

FlexCap Corp. had a favourable sales price variance of $4,800 for 2016. The company had budgeted for sales of 10 000 units at a sales price of $5 each. Actual sales in 2016 totalled 12 000 units.

What was the actual sales price per unit in 2016?

$4.57

$5.47

$3.57

$4.07

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: W Steve Albrecht, Earl K Stice

11th Edition

0538746955, 9780538746953

More Books

Students also viewed these Accounting questions

Question

★★★★★

The quote from the 2004 Economic Report of the President at the beginning of the chapter generated a lot of controversy that year, as discussed at the beginning of section 3 in the chapter. The...

Answered: 1 week ago

Question

★★★★★

A level setup midway between X and Y reads 6.29 ft on X and 7.91 ft on Y. When moved within a few feet of X, readings of 5.18 ft on X and 6.76 ft on Y are recorded. What is the true elevation...

Answered: 1 week ago

Question

★★★★★

The measurement error of a certain instrument is a continuous random variable X with density function (i) Find the value of the constant c. (ii) Obtain the distribution function of X. (iii) Find the...

Answered: 1 week ago

Question

★★★★★

Information on Canyon Chemicals direct materials costs follows: Quantities of chemical Y purchased and used . . . . . 28,800 gallons Actual cost of chemical Y used . . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★

The county included the following information for governmental activities in its government-wide statement of net position: Capital assets $4,000,000 Accumulated depreciation 1,800,000 Total...

Answered: 1 week ago

Question

★★★★★

The following picture shows the i-th round of DES encryption and decryption. Assuming RD+1 and LD+1 are the same as LE+1 and RE+1, respectively, prove that the values of LE and RE on the encryption...

Answered: 1 week ago

Question

★★★★★

Question 2- Only develop a mathematical model (there is no need to solve the model) Finco Investment Corporation must determine investment strategy for the firm during the next three years. Currently...

Answered: 1 week ago

Question

★★★★★

QS 12-13 (Algo) Computing cash from asset sales LO P3 CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash Accounts receivable, net $ 90,700 38,900 $22,700 48,100...

Answered: 1 week ago

Question

★★★★★

Discussion Topic: Carl and Gail have been married for eight (8) years. They jointly own a three bedroomed house worth 450,000. They have one child, Julia aged seven (7). Gail gave up her successful...

Answered: 1 week ago

Question

★★★★★

H07 Medical Coding | Graded Project . . a document (.docx. .doc)'. Your project will be individually graded by your instructor and therefore Will take up to Your project must be submitted as a Word...

Answered: 1 week ago

Question

★★★★★

The following incomplete information is provided in relation to Cranfield Ltd for the month of October. (i) Opening balances: WIP $ 1'." ,500 Finished goods $28,000 (ii) Closing balances Raw material...

Answered: 1 week ago

Question

★★★★★

4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.

Answered: 1 week ago

Question

★★★★★

1. To provide an insight into why a communication situation can be perceived differently depending on which psychological framework we choose to use.

Answered: 1 week ago

Question

★★★★★

4. What is the meaning of this statement, we should always demarcate a problem in accordance with our objectives, or with what we are trying to understand? a) Give at least three examples that shed...

Answered: 1 week ago

Previous Question Next Question