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kotykmax [81]
3 years ago
5

Claremont company specializes in selling refurbished copiers. during the month, the company sold 210 copiers for total sales of

$756,000. the budget for the month was to sell 205 copiers at an average price of $3,800. the sales price variance for the month was:
Business
1 answer:
maria [59]3 years ago
3 0
The sales price variance is computed by :
 (actual sales price-standard/budgeted sales price) x actual units sold

In this case, the actual price is $3600 and the standard price is $3800 and the actual unit sold is 210 copiers

Therefore :

($3600-$3800)x210=$42000 unfavorable sales price variance because you can sell the copier at a higher price of 3800 than the actual price of 3600
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Chelsie Enterprises declared a dividend to shareholders of record on Monday, February 8, that is payable on Friday, February 26.
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Answer:

D. Tuesday, March 2

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Appliance Possible Inc. (AP) is a manufacturer of toaster ovens. To improve control over operations, the president of AP wants t
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Answer:

Appliance Possible Inc. (AP)

a) Flexible Budgets for productions level:

i) Production level of 90,000 units:

Unit variable cost = $13 $(7+4+2)

Total Variable Costs = 90,000 x $13 = $1,170,000

Fixed Costs = $225,000

Total Costs = $1,395,000

ii) Production level of 105,000 units:

Total Variable costs = 105,000 x $13 = $1,365,000

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Total Costs = $1,590,000

iii) Production level of 120,000 units:

Total Variable costs = 120,000 x $13 = $1,560,000

Fixed Costs = $225,000

Total Costs = $1,785,000

b) If AP sells the toaster ovens for $18 each, to make a profit of $309,000 before taxes, units to be sold are:

Break-even Point + Target Profit =  (Fixed Cost + Target Profit)/Contribution per unit

Contribution per unit = $18 - $13 = $5

= ($225,000 + $309,000)/ $5

= $534,000/$5

= 106,800 units

Explanation:

a) A flexible budget tries to change the level of output.  It is a technique used to assess performance under different volumes or activities.  It helps management to make the right decisions, given the fact that different levels of activity may call for different cost and revenue reflections.

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c) Contribution is the difference between the selling value and the variable costs.  It is the element that covers fixed costs and generates profit before taxes.

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Larned Corporation recorded the following transactions for the just completed month. $80,000 in raw materials were purchased on
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Answer and Explanation:

The Journal entry is shown below:-

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c. Work in process Dr, $101,000

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(Being paid to labor is recorded)

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d. Manufacturing overhead Dr, $175,000

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(Being manufacturing overhead is recorded)

Here we debited the manufacturing overhead as it increased the expenses and we credited the accumulated depreciation of depreciation as it reduced the assets

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