1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
7nadin3 [17]
3 years ago
7

Folsom Fashions sells a line of women's dresses. Folsom's performance report for November is shown below. (CMA adapted)

Business
1 answer:
agasfer [191]3 years ago
3 0

Answer:

(1) $20,000 U

(2) $15,000 U

Explanation:

(1) Effect of the sales quantity variance on the contribution margin for November:

= (Budget dresses sold - Actual dresses sold) × (Budgeted contribution margin ÷ Budgeted dresses sold)

= (6,000 - 5,000) × (120,000 ÷ 6,000)

= $20,000  unfavorable

(2) Sales price variance for November:

= [(Budgeted sales ÷ Budget dresses sold) - (Actual sales ÷ Actual dresses sold)] × Actual dresses sold

= [(300,000 ÷ 6,000) - (235,000 ÷ 5000)] × 5000

= $15,000  unfavorable

You might be interested in
Professionalism is a skill necessary for......
kykrilka [37]

Professional skills are career competencies that often are not taught (or acquired) as part of the coursework required to earn your masters or PhD.

4 0
3 years ago
Read 2 more answers
Theg3eu3guyrgufgrgifrggiygiyrgirgigv
Dominik [7]

Answer:

I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz

7 0
3 years ago
Read 2 more answers
What type of business contracts with physicians to handle their claims and/or account receivable
k0ka [10]
Centralized billing office
4 0
3 years ago
Name the parties involved in insurance?
sdas [7]

Answer:

Insured.

Policy Owner.

Beneficiary.

Insurance Company.

Agent/Broker.

Underwriter.

Medical Examiner. » Compare: Term life insurance quotes.

4 0
3 years ago
The master budget at Western Company last period called for sales of 225,000 units at $9 each. The costs were estimated to be $3
Vadim26 [7]

Answer:

Sales volume variance $26,250 Favorable

Explanation:

<em>The sales volume variance is calculated as the difference between the budgeted and the actual sales volume multiplied by he standard contribution per unit</em>

                                                                       Units

Budgeted sales units                                 225,000

Actual sales units                                      <u> 230,000</u>

Sales volume                                              5,000 favorable

Standard contribution(9-3.75)              <u>     × $5.25</u>

Sales volume variance                        <u>    $ 26,250 </u>

Sales volume variance                        $26,250 Favorable

<em>Note standard contribution = standard selling price - standard variable cost</em>

6 0
3 years ago
Other questions:
  • The threat of substitutes is the most significant force in the _____ industry structure introductory decline growth mature
    11·1 answer
  • EA8. LO 8.3Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of la
    13·1 answer
  • If you receive a telephone solicitation, A. feel free to give them personal information. B. end the conversation quickly, withou
    13·1 answer
  • Suppose that the current issue of The New York Times reports an outbreak of mad cow disease in Nebraska, as well as the discover
    6·1 answer
  • . Discuss and Implement the Price Adjustment Strategies in current market. Apply each strategy with 3 examples along with pictur
    11·1 answer
  • The financial markets are a relatively new technological development created in the last 50 years.
    14·1 answer
  • Write adiary of a shopping day write down adetailed reflecion of that using guidline of reflective writing
    13·1 answer
  • 3. Suppose you are thinking of purchasing the Moore Co.’s common stock today. If you expect Moore to pay $3.1, $3.38, $3.70, $4.
    9·1 answer
  • A string of length 160cm is cut in to 2 pieces, in the ratio 3:5 <br>find the length of each piece​
    10·1 answer
  • what are the typical interest rates for a traditional savings account, online savings account, certificate of deposit, and money
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!