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liubo4ka [24]
2 years ago
14

Smith Wholesale budgeted sales price is $40 per unit for an budgeted sales volume of 5,000 units. The actual performance was 5,5

00 units at an average sales price of $39.75. The total dollar amount of their flexible budget sales volume variance is $_____, assuming there are no cost variances.
Business
1 answer:
alex41 [277]2 years ago
8 0

Answer:

$20,000 Favorable

Explanation:

As for the provided information, we have:

Sales Volume Variance is defined as the variance arising due to difference in sales quantity based on standard price.

Formula for the above = (Actual Sales - Budgeted Sales) \times Standard Price

= (5,500 - 5,000) \times $40

= $20,000

This variance shall be categorized as favorable, as the actual sales quantity is more than the static budgeted quantity.

Therefore, Sales Volume Variance = $20,000 Favorable

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Calculation of Cost of Goods Sold: Periodic Inventory System with Sales Returns and Allowances
andrey2020 [161]

Answer:

 73,450  COGS

Explanation:

From the beginning inventory we add up purchase and freight cost and subtract the return made to the suplier and discount and allowance granted.

This will be the total cost available for sale.

Then we subtract the ending inventory to get the COGS

  27,000 beginning inventory

+ 78,000 purchases

+      350 freight-in

-   3,900 return and allowance

<u>-   6,000 </u>discount  

 95,450   good available for sale

<u>- 22,000 </u>ending inventory

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The sales return impact the sales revenue not the COGS

7 0
3 years ago
What's your fav video game and why
Natali [406]

Answer:

Any game with Yoshi in it or Danganronpa.

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8 0
2 years ago
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HELP ASAP!!! As the director of sales, Piper wants to create a bar graph to compare the year-to-date sales made by her top five
viva [34]

Answer:

The first graph I think

Explanation:

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5 0
2 years ago
During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
Vadim26 [7]

Answer:

Correct option is D

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3 0
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M1 includes more than just currency because
MariettaO [177]

Answer: Option (A) is correct.

Explanation:

Correct Option: Other assets can also be used to make transactions to buy goods and services.

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It includes more than just currency with public because there are some other assets as well which are highly liquefied and helps people in buying goods and services.

Check able deposits is one of the component of M1, other than currency with public. People can withdraw these deposits at any point of time which people generally used make transactions for buying goods and services.

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