1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pani-rosa [81]
2 years ago
10

The actual variable cost of goods sold for a product was $140 per unit, while the planned variable cost of goods sold was $136 p

er unit. The volume increased by 2,400 units to 14,000 actual total units. Determine
(a) the variable cost quantity factor and
(b) the unit cost factor for variable cost of goods sold.
Business
2 answers:
Tasya [4]2 years ago
7 0

Answer: $326,000, $56,000

Explanation:

Given the following ;

Actual variable cost = $140

Planned variable cost = $136

Actual total units = 14000

Unit increase = 2000

Therefore, the total planned unit is given by;

Actual total unit - unit increase

14000 - 2400 = 11,600 unit

A. Variable cost quantity factor is given by;

Unit increase × planned variable cost

(11600 - 14000) × $136

-2400 × $136 = 326,000

B. Unit cost factor for variable cost of goods sold is given by;

(planned variable cost - actual variable cost) × actual total units

($136 - $140) × 14000

$4 × 14000 = $56,000

kozerog [31]2 years ago
3 0

Answer:

$326,400 is the variable cost quantity factor while $56,000 is the unit cost factor

Explanation:

The variable cost quantity factor is a measure of the difference between the planned and actual units  multiplied by planned variable cost.  

That is Variable Cost quantity factor = (planned units  - actual units sold) x        planned variable cost

                                                            = (14000-2400) - 14000) x $136

                                                            = (11600 - 14000) x $136

                                                            =  -$326,400

Unit Cost factor = $(140 - 136) x 14000 units

                          =$56,000

You might be interested in
Hello, please help me with this paper, I understand it's long and requires a lot of work, but all the help is appreciated! Thank
arsen [322]

Answer:

use prezi

Explanation:

8 0
2 years ago
Privo Co. purchases a machine that cost $15,000. Privo estimates a 5-year life with no salvage value. The first three years of d
Ierofanga [76]

Answer:

Double-declining balance method

Explanation:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 4

= 20%

Now the rate is double So, 40%

In year 1, the original cost is $15,000, so the depreciation is $6,000 after applying the 50% depreciation rate

And, in year 2, the depreciation is ($15,000 - $6,000) × 40% = $3,600

And, in year 3, the depreciation is ($15,000 - $6,000 - $3,600) × 40% = $2,160

6 0
3 years ago
The table below shows a summary of Kaitlin's credit card statement for the month of February.
den301095 [7]

Answer:

A) 32 percent interest B) Yes it will be paid

Explanation:

23 times 42 divided by 7

6 0
3 years ago
Suppose you have 3 jars with the following contents. Jar 1 has 4 white balls and 1 black ball. Jar 2 has 2 white balls and 1 bla
serious [3.7K]

Answer:

4

Explanation:

There are 3 jars which equal 4 jars which equal 3

5 0
3 years ago
The 2016 financial statements of Leggett & Platt, Inc. include the following information in a footnote. What are the company
nalin [4]

Answer:

$493.8

Explanation:

Since the 2016 financial statements of Leggett & Platt, Inc. includes the following information in a footnote.  (in millions) 2016 2015 Allowance for doubtful accounts $ 7.2 $ 9.3 Total accounts and other receivables, net $486.6 $520.2

Therefore the company’s current gross accounts and other receivables at the end of 2016 is

Net Total accounts and other receivables, net $486.6

Allowance for doubtful accounts ..........................<u>...$ 7.2</u>

Gross accounts and other receivables................<u>$493.8</u>

<u>The gross accounts and other receivables will be the amounts before making any allowances for doubtful accounts</u>

3 0
3 years ago
Other questions:
  • Planning, implementing and controlling the physical flow of materials, final goods and related information from points of origin
    11·1 answer
  • Describe why social security is considered a retirement account?
    5·1 answer
  • The characteristic of a partnership that gives the authority to any partner to legally bind the partnership and all other partne
    11·1 answer
  • Russell Co. received a $400 utility bill for the current month's electricity. It is not due until the end of the next month whic
    5·1 answer
  • Comdex Inc. manufactures parts for the telecom industry. One of its products that currently sells for $210 is now facing a new c
    9·1 answer
  • The last four years of returns for a stock are as​ follows: Year 1 2 3 4 Return −4.5​% 28.1​% 12.2​% 3.7​% a. What is the averag
    5·1 answer
  • Ernest Burns, Orlando summemour, and randy Hatcher formed swi Partners, a general partner- ship. J. t. turner Construction Compa
    11·1 answer
  • The interrelationships with suppliers, customers, distributors and other businesses that are needed to design, build and sell a
    15·1 answer
  • According to information provided in the chapter, McDonald’s has been involved in a variety of corporate social initiatives. Giv
    10·2 answers
  • International data show a positive correlation between income per person and the health of the population.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!