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2 years ago

A revenue variance is the:

Business

1 answer:

IceJOKER [234]2 years ago

6 0

Answer: Option C

Explanation: In simple words, revenue variance refers to the difference between the revenue one expects to earn as per the budget made for a specified period of time and the revenue it actually earned in that time.

Organisations calculate revenue variance to identify the reasons they are not performing well or the qualities they are performing more than expected.

This measure helps organisation in decision making as to whether they should make changes in their process, and if so then wheat changes, or should remain as they are.

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A south sea island produces only coconuts. In 2010, the price of a coconut is $1.50 and the quantity produced is 300. In 2012, t

Semenov [28]

1.50*300=$450
0.5*350=$175
(175/450)*100=39%
Real GDP in 2012 is 39%

8 0

3 years ago

Condensed financial data are presented below for the Phoenix Corporation:

Solnce55 [7]

Answer:

Part 1.

3.1 times

Part 2.

a. total assets

Part 3

d. the company's ability to generate sufficient cash to repay debt when due.

Explanation:

For Part 1

Inventory turnover measures the activity of liquidity of a company`s inventory. The higher the ratio in comparison, the more efficient the inventory is managed.

Inventory turnover = Cost of Sales ÷ Inventory

therefore,

Inventory turnover = $982,500 ÷ $ 312,500 = 3.1 times

For Part 2

In a common-size Balance Sheet, each item is expressed as a percentage of total assets whereas in a common size Income Statement, Sales revenue is expressed as 100 % and every other item is expressed as a percentage of sales revenue.

For Part 3

Solvency or Liquidity is the ability of short term assets to cover short term liabilities. Also put, it is the company's ability to generate sufficient cash to repay debt when due.

5 0

2 years ago

You have just created the "perfect" ad. It communicates the full mix of benefits upon which the brand is differentiated and posi

Mademuasel [1]

Answer:

A) its value proposition

Explanation:

A good brand value proposition should state all the benefits of your product or service since it is the promise that your brand (or company) is delivering to potential or current customers in order for them to purchase your product or service instead of the competition's.

4 0

3 years ago

Those who work directly on the product to convert raw materials into a finished product are known as ____.

Mars2501 [29]

Answer:

Direct labor

Explanation:

Direct labor is the workers who converted the raw material into a finished product so that the finished product is ready for sale. The wages paid to the labor are classified in the direct labor itself.

It is specially allocated to the manufacturing process so that the product could be carried forward to the next level of the process and at the end the finished product is ready

7 0

3 years ago

Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $46,000 $39,50

Archy [21]

Answer:

Cost of goods manufactured= $228,700

Explanation:

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 25,500 + (46,000 + 75,500 - 39,500) + 100,500 + (68,500 - 11,800) - 36,000

cost of goods manufactured= $228,700

We deduct the indirect material from overhead because it is already incorporated into direct materials.

6 0

2 years ago