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Alinara [238K]
3 years ago
12

Required: a. - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income

statements, assuming production volumes of 30,000 and 32,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 32,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e.,
Business
1 answer:
Studentka2010 [4]3 years ago
5 0

Answer:

Favorable $16,000

Explanation:

Volume Variance : ( Actual production Units - Budgeted Units ) * Cost per unit

Volume Variance = (32,000 - 30,000) * $8 per unit

Volume variance = $16,000 Favorable

Volume variance is the measure of the units produced in comparison with the budgeted units. The favorable variance is one when actual units produced are more than budgeted.

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True.

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8 0
4 years ago
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Cho owns and operates a store in a country experiencing a high rate of inflation. In order to prevent the value of money in her
Ber [7]

Answer:

Shoe leather costs

Explanation:

(A) Shoe leather costs

(B) Inflation can be defined as the persistent rise in the prices of goods and services. Shoe leather costs can be defined as the costs of time and effort that are encountered by individuals while trying to prevent the effect of inflation. It describes the costs incurred by individuals that visits the bank often inorder to withdraw money needed to purchase goods and services during the time of inflation.

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5 0
4 years ago
Geese Company utilizes the dollar-value LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning in
Alinara [238K]

Answer:

$227,272

Explanation:

Ending inventory at base-year retail prices =

Ending inventory at current-year retail prices

÷The current-year price index

Ending inventory at current-year retail prices $250,000

The current-year price index 1.10

Hence:

$250,000÷1.10

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6 0
3 years ago
Raphael Corporation’s common stock is currently selling on a stock exchange at $157 per share, and its current balance sheet sho
IRINA_888 [86]

Answer:

$85 per share and $35 per share

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the par of shares by using following formula:-

Corporation’s Preferred Stock‘s Par Value is

= Preferred Equity ÷ No. of Preferred Outstanding Shares  

= $85,000 ÷ 1,000

= $85 per share

Corporation’s Common Stock‘s Par Value is

= Common Equity ÷ No. of Common Outstanding Shares  

= $140,000 ÷ 4,000

= $35 per share

 

7 0
3 years ago
hello, if you were to start a business what would you name it? The business contains fashion clothes, some are sporty clothes an
Korolek [52]
Well, it has to make sense. Maybe I would personally name it FashShawl because it would have clothes, AKA fashion, and a photography business, which I would call a shawl. Like, a room or pictures, a shawl. Hope this makes sense, haha !
4 0
3 years ago
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