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<\/div><\/div><\/div> e Insert Draw Design Layout References Mailings Review View Help File Home Insert Draw Page Layout Formulas Data Review View Help Calibri 11 % Conditional Formatting aste B' I U ~ ab x x Po Paragraph Styles Editing Undo Clipboard Font Alignment Number Format as Table Cells Editit > A D - A ~ Aa~ A A Cell Styles ~ pboard S Font Styles Is Styles K20 At the end of the first month of opening your business, you calculate the actual operating costs of the business and the income you cared. You also notice and document the difference in what you B D F G H budgeted for certain inst the actual amounts you spent on the same Milestone Three - Variance Analysis For your statement of cost of goods sold, use the following data regarding the actual costs incurred by the business over the past months Materials purchased: $20,000 5 Data for Variance Analysis: O Consumed 80% of the purchased materials Budgeted Budgeted Actual Actual Direct labor: $8,493 (Standard) (Standard) Hours\/aty Rate Overhead costs: $3,765 Hours\/Qty Rate Note Assume that the beginning materials and ending work in process are zero for the month. B Use the following revenue and cost information for the income statement. Note that the revenue you use will depend on the pricing level options you chose in Milestone Two, Also, assume that after 10 accounting for weekends and other holidays, there were 20 business days in the fast month of operation. For example, If you chose a sales price of $20 per collar, the actual number of collars sold in 11 Materials the month was 33 per day or 33 x 20 = 660 per month 12 13 Established Sales Number of Items Sold per 14 Price Day 15 Variances for Collar Sales Collars Favorable\/ $20 33 16 Variance Unfavorable 28 17 Direct Labor Time Variance $28 23 18 (Actual Hours -Standard Hours) x Standard Rate S Leashes 19 $22 28 20 Direct Labor Rate Variance $26 23 $30 18 21 (Actual Rate -Standard Rate) x Actual Hours 22 Harnesses $25 25 23 Direct Materials Quantity\/Efficiency Variance $30 22 24 (Actual Quantity -Standard Quantity) x Standard Price $35 20 25 26 Direct Materials Price Variance The other costs incurred by the business includes 27 (Actual Price - Standard Price) x Actual Quantity 28 General and administrative salaries 29 O Receptionist: $1,950 Office supplies: $200 Break-Even Analysis COGS + Other business equipment: $150 Grammarly largin Analysis 6 words Focus + 59% Ready Accessinmy, wood to go",
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"related_book": {
"title": "Accounting Principles",
"isbn": "1119491630, 978-1119491637, 978-0470534793",
"edition": "10th Edition",
"authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso",
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"isbn": "1973421577",
"uri": "\/textbooks\/an-introduction-to-relays-and-controls-for-electric-power-distribution-1st-edition-9781973421573",
"name": "An Introduction To Relays And Controls For Electric Power Distribution",
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"question_posted": "2024-06-29 02:47:11",
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