Answer:
The dealership's sales price variance for the month is $31,000 U
Explanation:
In order to calculate the dealership's sales price variance for the month we would have to calculate the following formula:
Sales price variance = Actual quantity sold x (Actual price - Budgeted price)
According to the given data que have the following:
Actual quantity sold=31 cars
Actual price=$15,900
Budgeted price=$16,900
Therefore, Sales price variance = 31 * ($15,900 - $16,900)
Sales price variance = $31,000 U
The dealership's sales price variance for the month is $31,000 U
Answer:
Results are below.
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. <u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>
<u>First, we need to calculate the unitary fixed manufacturing overhead:</u>
Unitary fixed overhead= 85,400/2,440= $35
<u>Absorption costing income statement:</u>
Sales= 2,280*145= 330,600
COGS= 2,280* (49 + 17 + 17 + 35)= (269,040)
Gross profit= 61,560
Total selling and administrative= 22,800 + (2,280*10)= (45,600)
Net income= 15,960
The amount of utilities cost for July that appears on the flexible budget is12,500*$0.33 = $4.
<h3>Flexible budget </h3>
A flexible budget is one based on different volumes of sales. A flexible budget flexes the static budget for each anticipated level of production. This flexibility allows management to estimate what the budgeted numbers would look like at various levels of sales.
<h3>How do you calculate flexible budget?</h3>
To do this, multiply the total production output by the variable cost of each unit produced. For example, if the total production output is 1,000 products and the variable cost for each unit is $25, the total variable cost is $25,000. You can also calculate average variable costs that are not related to production.
Learn more about flexible budget here :
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Answer: interview
Explanation:
During interview, a candidate is able to talk extensively about himself and achievements. By this, he is able to clarify a lot of things about himself
