The Quick Brick Shop had an unfavorable sales price variance of $150. The budgeted selling price was

Question:

The Quick Brick Shop had an unfavorable sales price variance of $150. The budgeted selling price was $10 per unit and 50 bricks were sold.

Required
What was the actual selling price of Quick Brick’s bricks?

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

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting A Focus on Ethical Decision Making

ISBN: 978-0324663853

5th edition

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

See More Books

Question Posted: Mar 11, 2015 11:19 AM

See More Questions

Design a base plate of W14 section determined in problem 1 for a compression member. The total service load that a member can carry is 1422 KN with a dead-to-live load ratio of 5:11. The base plate...
Selling price per unit $750 Variable cost per unit $450 Annual fixed cost $180,000 Net income after tax $360,000 Tax rate 25% 1)Reduce the selling price by $60. The sales team forecast that with a...
Selling price = $15 per unit Variable costs - variable manufacturing costs = $5 per unit variable selling costs = $2 per unit Fixed costs - Fixed manufacturing costs = 4 per unit Fixed selling costs...
Sentry Transport, Inc., of Atlanta provides in-town parcel delivery services in addition to a full range of passenger services. Sentry engaged in the following activities during the current year: a....
The NET @ssets feature at the beginning of this section describes how to access the Constant-Growth Annuity Chart available in this textbooks Web site. Use this chart to answer the following...
The ability to delegate has been called one of the hallmarks of a good manager. Explain its importance to management.
Understand market globalization as an organizing framework.
Cash Budget Sharpe Corporation's projected sales first 8 month of 2006 are: Of Sharp's sales, 10% is for cash, another 60% is collected in the month following sales, and 30% is collected in the...
Which international accounting standard primarily focuses on financial reporting for entities engaging in international activities? A. IFRS 9 - Financial Instruments B. IFRS 15 - Revenue from...
Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The corporation uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of...
Gordon knits wool caps for sale at the local ski resorts. He prepared the following budget for the production and sale of 150 wool caps. Unfortunately, Gordon fell ill with a bad case of the flu and...
Wheeler Corporation produces and sells special eyeglass straps for sporting enthusiasts. In 2009, the company budgeted for production and sales of 1,200 straps. However, the company produced and sold...
Prove the identity. sin cot = cos
In countries with high unemployment and poverty rates, the nation's people are often more concerned with the economic environment than the intricacies of its political systems. In 2010, Mohamed...
Analyze this approach: Consider that you could increase the productivity of your department, you have thought about certain ways to do it, but you are not sure. Your team has a lot of experience, but...
What is the research question or objective? What research methods did the authors use? Examples include survey, case study, interviews, opinions, qualitative, quantitative, etc. What are the...
Provide a critical reflection on each department outlining which services, aspects and operational factors you should further investigate to help improve customer satisfaction. Express the negative...
1. Many courses use group projects. What are some of the things that make positive group project experiences? 2. How can a manager motivate employees? Give some specific ideas. Include when you've...
When data redefinition is undertaken, what are the respective responsibilities of the data administrator and the database administrator?
Match the following. Answers may be used more than once: Measurement Method A. Amortized cost B. Equity method C. Acquisition method and consolidation D. Fair value method Reporting Method 1. Less...
Consider an equilibrium chemically reacting mixture of three general species denoted by A, B, and AB. In detail, derive Eqs. (16.54) and (16.55) for such a mixture. \[\begin{equation*}...
As a means of gaining a greater return on its cash balance, Bucek Company transferred $ 20,000 from its checking account to a money market account, purchased an $ 11,000 three-month U. S. Treasury...
What three categories are listed on the statement of cash flows? Give two examples of each category.
What are the effects of the following items on cash flows from operating activities? a. Increase in Accounts Receivable, $ 15,000 b. Increase in Interest Payable, $ 400 c. Depreciation Expense,...
Complete the table below, for the above transactions
You are evaluating a new project for the firm you work for, a publicly listed firm. The firm typically finances new projects using the same mix of financing as in its capital structure, but this...
state, "The subscription price during a rights offering is normally r; lower ; lower r; higher er; higher than the rights-on price and

The Quick Brick Shop had an unfavorable sales price variance of $150. The budgeted selling price was

Question:

Step by Step Answer:

The actual sales price was 7 per un...View the full answer

Managerial Accounting A Focus on Ethical Decision Making

Students also viewed these Managerial Accounting questions