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
Answer:
True. The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation:
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Dynamic Production Services net income for the year is $40,000.00
[$100,000.00 (revenues) - $60,000.00 (expenses) = $40,000.00]
Answer:
The correct answer is True.
Explanation:
Benchmarking is a continuous process by which the products, services or work processes of leading companies are taken as a reference, to compare them with those of your own company and then make improvements and implement them.
It is not about copying what your competition is doing, but learning what leaders are doing to implement it in your company by adding improvements. If we take as a reference those who stand out in the area that we want to improve and study their strategies, methods and techniques to subsequently improve and adapt them to our company, we will achieve a high level of competitiveness.
5 thrillers that might help you:
1, The hobbit
2, Hunger games
3, Harry potter
4, Garden of the galaxy
5, Venom