1) Identify the department or functional area that best corresponds with the following activities:

Static Budget Actual Units 5,000 5,100 Sales revenue $60,000 $58,650 Variable manufacturing costs $15,000 $16,320 Fixed manufact

Ipatiy [6.2K]

Answer:

$700 favorable

Explanation:

Calculation to determine what The total sales-volume variance for operating income for the month of July would be

First step is to calculate the of contribution per unit using this formula

Contribution Margin per unit

=Sales− Variable manufacturing costs−Variable marketing and administrative expense/units

Let plug in the formula

Contribution Margin per unit=$60,000−$15,000−$10,000/5,000units

Contribution Margin per unit=$7per unit

Now let calculate the total sales-volume variance using this formula

Total sales volume variance

= Actual units−Static Budget × Static contribution margin per unit

Let plug in the formula

Total sales volume variance=5,100units−5,000units×$7

Total sales volume variance=$700 favorable

Therefore The total sales-volume variance for operating income for the month of July would be

$700 favorable

3 0

3 years ago

Who eventually sued Goldman Sachs after losing millions of dollars

Tomtit [17]

Public Employees’ Retirment System of Mississippi

6 0

4 years ago

The perfect home brokerage firm was found guilty of running deceptive ads. the federal trade commission might require all of the

pychu [463]

The perfect home brokerage firm was found guilty of running deceptive ads. The federal trade commission might require all of the following except Letters of apology to all affected consumers.

<h3>What is the federal trade commission?</h3>

The Federal Trade Commission is an independent agency of the United States government whose primary objective is to enforce civil antitrust law in the United States and to promote consumer protection.

The FTC and the Department of Justice Antitrust Division share authority over federal civil antitrust enforcement.

The federal trade commission is essentially a police that protects trade especially consumers.

Learn more about federal trade commission;
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4 0

1 year ago

Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of th

frutty [35]

Answer:

total revenue for the month = $18000

Explanation:

given data

makes quilting kits priced = $120 each

materials each kit total = $45

labor to assemble a kit = $5

rent and insurance = $1,000

heat and electricity = $200

advertising = $500

monthly salary = $4,500

sold = 150 kits

to find out

total revenue for the month

solution

we get here total revenue for a company that will be here product of the price

and it charge for product and no of product it sell so It is nothing to do with cost

so now the total revenue for the month will be

total revenue = sold × makes quilting kits priced

total revenue = 150 × $120

total revenue for the month = $18000

7 0

4 years ago

Following is partial information for the income statement of Arturo Technologies Company under three different inventory costing

e-lub [12.9K]

Income statement FIFO LIFO Average

sales (350*50) 17500 17,500 17,500

cost of goods sold 9800 12,250 11,130

0 0 0

Gross profit 7700 5250 6370

Expenses 1,700 1,700 1,700

net income 3550 4670 4670

An income statement is a financial report detailing a company's income and expenses over a reporting period. Also known as the Income Statement (P&L), it is typically produced quarterly or annually. An income statement shows the financial performance of a company over a period of time. There are four main financial statements.

The purpose of an income statement is to show the financial performance of a company over a period of time. It conveys the financial history of the company's activities. The income statement shows all income and expense accounts for a period of time.

Learn more about Income statements at

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7 0

2 years ago