oport a(n). Tulips Actual Geraniums Tulips BL 4,420 4,200 $15 $19 (Round any intermediary calculations two decimal places.) 4,950 $10
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- Woodruff Flowering Plants provides the following information for the month of May: Actual Sales in units Contribution margin per unit For May, Woodruff will report a(n) OA. favorable sales - mix variance B. favorable market share variance OC. unfavorable market share variance D. unfavorable sales - mix variance Fuchsia 21,000 $22 Dogwood 4.500 $19 C Fuchsia Budget 18,000 $23 Dogwood 3,200 $18Sulert, Inc., produces and sells gel-filled ice packs. Sulerts performance report for April follows: Required: 1. Calculate the contribution margin variance and the contribution margin volume variance. 2. Calculate the market share variance and the market size variance. (CMA adapted)Dickinsen Company gathered the following data for December: a.Compute the revenue price variance. b.Compute the revenue volume variance. c.Compute the total revenue variance.
- The following data are the actual results for AAA Company for the month of May: The overhead efficiency variance is ________. a. P3,000 Favorable b. P3,000 Unfavorable c. P5,400 Favorable d. P5,400 UnfavorableIncome Statement Prepare an income statement through gross profit for Venneman Company for the month ended March 31. Refer to the lists of Labels and Amount Descriptions for the exact wording of text entries. Enter all amounts as positive numbers except favorable variances. Use a minus sign to indicate favorable variances. A colon (:) will automatically appear for you if it is required. Instructions Venneman Company Venneman Company produces a product that requires 3.5 standard pounds per unit. The standard price is $5.10 per Income Statement Through Gross Profit pound. The company produced 14,000 units that required 48,000 pounds, which were purchased at $5.40 per pound. The (Label) product also requires 4 standard hours per unit at a standard hourly rate of $12 per hour. The 14,000 units required 58,000 hours at an hourly rate of $11.85 per hour. In addition, the standard variable overhead cost per unit is $0.80 per 1 hour and the actual variable factory overhead was $46, 100.…Dickinsen Company gathered the following data for December: Planned Actual Sales price per unit Number of units of sales $5.80 x 820,000 $4,756,000 $6.00 x 805,000 $4,830,000 Total sales a. Compute the revenue price variance. b. Compute the revenue volume variance. c. Compute the total revenue variance.
- Revenue variances Rockport Industries Inc. gathered the following data for March: Sales price per unit Number of units of sales Total sales Planned $150 x 12,500 Actual $144 x 12,900 $1,875,000 $1,857,600 Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Compute the revenue price variance. b. Compute the revenue volume variance. $ c. Compute the total revenue variance.Required: (a) Which formula will correctly calculate the direct labour efficiency variance in cell B18? A = (C9*C4)- B13B = B13-(C9*C4)C = (C9*C4)- (150,000*8)D = (150,000-(C9*6))*8 (b) Calculate the following for month 1: (i) Sales volume variance and state whether it is favourable or adverse; (ii) Sales price variance and state whether it is favourable or adverse.ces W Actual pounds (q) Revenue ($4.10g) For the Month Ended August 31 Quilcene Oysteria Flexible Budget Expenses: Packing supplies ($0.30q) Oyster bed maintenance ($3,000) Wages and salaries ($2,400 + $0.30q) Shipping ($0.60q) Utilities ($1,270) Other ($470 + $0.019) Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries. Shipping Utilities Other Total expense Net operating income 7,200 $ 27,100 2,330 2,860 4,970 4,050 1,080 1,162 16,452 $ 10,648
- Below are the monthly sales forcast and actual monthly sales for Company. Company has hired you to conduct a variance analysis for its sales. In addition to the variance analysis, Company would like the entire row highlighted in green for months where the favorable variance is at least 20 percent and the entire row highlighted in red for months where the unfavorable variance is at least 20 percent. Show in Excel Month Sales forecast Actual Sales 1 83.00 $ 83.00 2$ 78.00 $ 58.50 2$ 174.00 2$ 189.66 4 2$ 138.00 $ 149.04 2$ 190.00 $ 169.10 153.00 $ 107.10 7 2$ 54.00 $ 64.26 113.00 24 128.82 9. 2$ 135.00 $ 133.65 10 51.00 $ 43.86Revenue variances Rockport Industries Inc. gathered the following data for March: Planned Actual Sales price per unit $150 $144 Number of units of sales × 12,500 × 12,900 Total sales $1,875,000 $1,857,600 Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Compute the revenue price variance. $fill in the blank 1 b. Compute the revenue volume variance. $fill in the blank 3 c. Compute the total revenue variance. $fill in the blank 5Required: Calculate all variances and prepare an operating statement for the month endedJune 2015 by using the following table format. Sales variances £ Favourable (F)/Adverse (A) Sales price variance: Sales volume variance: Total sales variance Direct material variances £ Favourable (F)/Adverse (A) Material price variance: Material usage variance: Total direct material variance Direct labour variances £ Favourable (F)/ Adverse (A) Labour rate variance: Labour efficiency variance: Total direct labour variance Variable overhead variances £ Favourable (F)/ Adverse (A) Variable…
