All categories

4 years ago

The sales volume variance is the difference between the? ________.

1 answer:

4 0

The sale volume variance is the difference between the flexible budget at actual output and the corresponding static budget amount. The flexible budget is the budget developed at the end of a period while the static budget is the master budget. A variance is the difference between the actual results and the budgeted amount. Sale variance volume is usually due to inaccurate forescasting of units of products that will be sold.

You might be interested in

The Zeller Corporation's stockholders' equity accounts have the following balances as of December 31, 2016:

nika2105 [10]

Answer:

The Zeller Corporation

As a result of this stock dividend, the retained earnings account should be decreased by :___________

$15,000.

Explanation:

a) Data and Calculations:

The Zeller Corporation's stockholders' equity accounts have the following balances as of December 31, 2016:

Common stock, $10 par (30,000 shares issued and outstanding) $300,000

Additional paid-in capital 2,000,000

Retained earnings 5,700,000

Total stockholders' equity $8,000,000

Analysis:

January 2, 2017: Stock dividend $15,000 (30,000 * 5% = 1,500 shares * $10) Stock dividend distributable $15,000

January 31, 2017: Retained Earnings $15,000 Stock Dividend $15,000

Stock dividend distributable $15,000 Common stock $15,000

5 0

3 years ago

Denna Company's working capital accounts at the beginning of the year follow:

riadik2000 [5.3K]

1. Compute the subsequent amounts and ratios as of the beginning of the year:

a. capital = current assets - current liabilities

working capital = ($50,000 + $30,000 + $200,000 + $210,000 + $10,000) - ($150,000 + $30,000 + $20,000)

= $500,000 - $200,000

= $300,000

b. Current ratio = current assets / current liabilities

current ratio = $500,000 / $200,000

= 2.5

c. Acid-test ratio = (current assets - inventory) / current liabilities

acid test ratio = ($500,000 - $210,000) / $200,000

= $290,000 / $200,000

= 1.45

Financial Ratios :

These are the tools normally utilized in financial management that serve as multi-purpose for other reasons such as obtaining a loan from bank, infusion of additional capital from investors, etc

Acid test ratios :

In finance, the fast ratio, also referred to as the acid-test ratio is a type of liquidity ratio, which measures the power of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately.

Learn more about current ratio :

brainly.com/question/14770071

#SPJ4

4 0

1 year ago

The income statements for Federer Sports Apparel for 2022 and 2021 are presented below.

klemol [59]

Answer and Explanation:

The Preparation of horizontal analysis for 2022 using 2021 as the base year is prepared with the help of a spreadsheet.

Horizontal analysis is a method for the analysis of financial statements that indicates fluctuations in the amount of the related products over a period of time. It is a valuable instrument for determining trend situations.

So, with the help of the spreadsheet, we will be able to find the net income by using the formulas.

4 0

3 years ago

Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. Dur

lubasha [3.4K]

Answer:

a. 15,650

Explanation:

Department E

FIFO Equivalent Units

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Units Complete 15000 100 100 15000 15000

Add Ending Inv 3000 100 70 3000 2250

less

Beginning Inv. 4000 100 40 4000 1600

Equivalent Units 14000 15650

The equivalent units for materials using FIFO are 14000 and for conversion are 15650.

In FIFO we add the completed units with the % of complete units in the ending inventory and subtract the beginning Work in Process Opening Inventory % complete units.

We need to calculate the units first transferred out.

8 0

3 years ago

General Plastics Corporation instituted a new absenteeism control policy that took effect the first day of June. It expects the

True [87]

Answer: B. The indicator of success was inappropriate.

Explanation:

The new policy was implemented to get 25% reduction in absenteeism. However, if vacations are also counted as absenteeism how would one specify if the policy introduced was successful or not?

Therefore, the success parameter was vague and there should be other parameters in order to judge the success of the new policy implemented.

6 0

4 years ago