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
Vika [28.1K]
2 years ago
14

The following information is available for the Gabriel Products Company for the month of July: Static Budget Actual Units 5,000

5,100 Sales revenue $60,000 $58,650 Variable manufacturing costs $15,000 $16,320 Fixed manufacturing costs $18,000 $17,000 Variable marketing and administrative expense $10,000 $10,500 Fixed marketing and administrative expense $12,000 $11,000 The total sales-volume variance for operating income for the month of July would be Group of answer choices $700 favorable $2,550 unfavorable $100 favorable $1,350 unfavorable
Business
1 answer:
adoni [48]2 years ago
5 0

Answer: $700 Favorable

Explanation:

Total sales-volume variance = (Actual units - Static budget units) * (Contribution margin per unit of Static budget)

Contribution margin per unit of Static budget = ( Sales - Variable manufacturing costs - Variable marketing and administrative expenses) / Static units  

= (60,000 - 15,000 - 10,000) / 5,000    

= $7 per unit

Sales-volume variance = (5,100 - 5,000) * 7

= $700 Favorable

Actual sales are higher than budgeted sales so this is FAVORABLE.

You might be interested in
Total (10 marks) QUESTION TWO Amani Ltd. Manufacturers a single product. Currently, the company has eight employees who produce
rewona [7]
Since the unsigned is 3000 it’s
5 0
1 year ago
Maria spots a beautiful dress in the window of a boutique. Maria goes into
Yakvenalex [24]

Answer:

Asking Price

Explanation:

8 0
3 years ago
Why would you use a chart AND data in Excel?
harina [27]

Answer:

a b d

Explanation:

:)

3 0
3 years ago
A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below. Advertising and Promotion Expenses 262,700 Incom
iren2701 [21]

Answer:

A. Net Income = $304,560

B. Ending Retained Earnings = $420,740

Explanation:

Req. (A)

Green Thumb, Inc.

Income Statement

For the year ended, 31 December, 20Y3

Revenues:

Sales Revenues $1,866,300

Expenses:

Salaries and wages expenses $725,000

Advertising and Promotion Expenses 262,700

Income Tax Expense 56,520

Interest Expense 43,920

Other Expenses 122,600

Other Selling & Administrative Expenses 351,000

Total Expenses = ($1,561,740)

Net Income = $304,560

Note: We can use a multiple step income statement. However, as there is no instruction, we use single step income statement.

Req. (B)

Green Thumb, Inc.

Statement of Retained Earnings

For the year ended, 31 December, 20Y3

Balances, January 1 $162,200

Add:

Net income for the current year $304,560

Less: Dividends ($46,020)

Balances, December 31 $420,740

Note: Here, Balances, January 1 = Beginning Retained earnings Balance

Balances, 31 December = Ending retained earnings.

3 0
3 years ago
In a paragraph, select ONE country (excluding Canada, Cuba and Sweden) and explain where it lies on the continuum of command - m
AnnZ [28]

Answer:

North Korea - Command Economy.

Explanation:

In Command Economy, the government control all means of production. The citizens have no power to actually make efforts to own these resources.

To proof it, we can refer to the economic freedom ranking that was created by Heritage Foundation. From all 180 countries included in the ranking, north Korea placed at the very bottom.

The Government of North Korea have total control of the economy. They determine what products should be made, what type of jobs the citizens can held, and how those resources should be distributed among the people.

4 0
3 years ago
Other questions:
  • The board of directors of Benson Company declared a cash dividend of $1.50 per share on 42,000 shares of common stock on July 15
    14·1 answer
  • The sales tax rate is 7.4 find the tax paid for a pair of shoes with of list price of 93
    5·1 answer
  • Megan graduated from college three years ago and has been working at Sterba Inc. ever since. A conscientious employee, she has c
    13·1 answer
  • The annual percentage rate on a credit card determines _______.
    11·2 answers
  • If a player chooses a mixed strategy in a Nash equilibrium, this implies that the payoff from using that mixed strategy is the s
    14·1 answer
  • Bailey Hill Co. uses the indirect method to determine its net cash flows from operating activities. During the course of the yea
    11·1 answer
  • Parole violators account for more than half of prison admissions in many states.
    10·1 answer
  • Pelzer Printing Inc. has bonds outstanding with 10 years left to maturity. The bonds have a 9% annual coupon rate and were issue
    14·1 answer
  • mprudential, Incorporated, has an unfunded pension liability of $750 million that must be paid in 25 years. To assess the value
    15·1 answer
  • joe dimaggio, the legendary baseball player, was a longtime ad spokesperson for which brand? alka-seltzer
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!