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AnnyKZ [126]
3 years ago
7

Timberlake Company planned for a production and sales volume of 12,000 units. However, the company actually made and sold 13,000

units. Per unit standards Static Budget Flexible Budget Number of units 12,000 13,000 Sales revenue $ 65.00 $ 780,000 $ 845,000 Variable manufacturing costs: Materials $ 11.00 132,000 143,000 Labor $ 9.00 108,000 117,000 Overhead $ 4.20 50,400 54,600 Variable general, selling, and administrative costs $ 11.00 132,000 143,000 Contribution margin 357,600 387,400 Fixed costs Manufacturing overhead 100,800 100,800 General, selling, and administrative costs 45,000 45,000 Net income $ 211,800 $ 241,600 What was the sales volume variance?
Business
1 answer:
Aleks04 [339]3 years ago
5 0

Answer:

$65,000 Favorable  

Explanation:

  • Volume variance compute the difference due to volume of sales budgeted and actual sales qty.

  • Budgeted Selling pricec =780000 /12000 = 65

  • Sales volume variance = Budgeted Selling price (Actual sales qty-Budgeted Sales qty)  

65.00 (13000-12000) = 65000 Fav

 

Answer is $ 65000 Favorable      

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On December 31, there were 46 units remaining in ending inventory. These 46 units consisted of 6 from January, 8 from February,
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Answer:

$6,734

Explanation:

On December 31, there were 46 units remaining in ending inventory.

These 46 units consisted of

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8 from February x $133 = 1064

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3 years ago
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<h2><u>Answer:</u></h2>

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<h3><u>Explanation:</u></h3>

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3 years ago
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