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lapo4ka [179]
3 years ago
7

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

Business
1 answer:
Olenka [21]3 years ago
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. <span />
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Taylor Company has current sales of 1,000 units, which generates sales revenue of $190,000, variable costs of $76,000 and fixed
Leya [2.2K]

Answer:

The change in net operating income after the changes by $14,200

Explanation:

For computing the change in net operating income, first, we have to compute the contribution per unit which is shown below:

Contribution per unit = Selling per unit - variable cost per unit

                                   = $190 per unit - $76 per unit

                                   =  $114 per unit

where,

The selling per unit = (Sales revenue ÷ number of units)

                                = ($190,000 ÷ 1,000 units)

                                = $190 per unit

The variable cost per unit = (variable cost ÷ number of units)

                                           = ($76,000 ÷ 1,000 units)

                                           = $76 per unit

Now the change in operating income equals to

= (increased sales units × contribution per unit) - advertising cost

= (300 units × $114 per unit) - $20,000

= $34,200 -$20,000

= $14,200 increase

7 0
3 years ago
On January 1, a company purchased a five-year insurance policy for $3,300 with coverage starting immediately. If the purchase wa
marissa [1.9K]

Answer:

a. Debit Insurance Expense. $660, credit Prepaid Insurance, $660.

Explanation:

The adjusting entry is shown below:

Insurance expense Dr $660 ($3,300 ÷ 5 years)

          To Prepaid insurance

(Being the insurance expense is recorded)

here we debited the insurance expense as it increased the expense and credited the prepaid insurance as it decreased the assets

Therefore the option a is correct

7 0
3 years ago
Car dealer ben carte paid 97 percent of the base price of 22,567. he also paid 93 percent of options totaling 3,465. and a desti
lakkis [162]

Answer: im also working on my school work and i also need help i tried to work on that question im confused but i know that 22,567-97% is 677.01

3 0
3 years ago
Identify four (4) different types of credit (purposes)
DiKsa [7]

Answer:Revolving Credit. Charge Cards. Installment Credit. Non-Installment or Service Credit

7 0
2 years ago
Read 2 more answers
A ___________ is an organization that is owned and controlled by the people who use it—producers, consumers and workers with sim
Galina-37 [17]

Answer:

Cooperative is the right answer.

Explanation:

A cooperative is a private organization whose operations are controlled by the owners and by those who use its products. By defination Cooperative is the right answer because mutual funds are the investment in which the owner can only withdraw or deposit in it. Furthermore, partnership is a kind of business in which shareholders pool their resources and earn a share of profit from it. Coorporation is a public company and is owned by a lot of shareholders, governed by the companies act and rules and regulations.

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2 years ago
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