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Dave's Electronics manufactures TVs and DVDRs. During April, the following activities occurred:
TVs DVDRs
Budgeted units sold 19,404 72,996
Budgeted contribution margin per unit $40 $75
Actual units sold 22,000 80,000
Actual contribution margin per unit $45 $76
Required:
Compute the following variances in terms of the contribution margin.
a. Determine the total sales-mix variance.
b. Determine the total sales-quantity variance.
c. Determine the total sales-volume variance.
Martin Company incurred the following costs for 70,000 units: Variable costs $420,000 Fixed costs 392,000 Martin has received a special order from a foreign company for 3,000 units. There is sufficient capacity to fill the order without jeopardizing ..
The manufacturing overhead budget at Calendar Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 6,800 direct labor-hours will be required in February. The variable overhead rate is $3.20 per direct labor-hour..
Once the estimated depreciation expense for an asset is calculated:
Sharon wanted a video camera so she could record her son's soccer games and birthday parties. Reliable TV, a retailer, sold a digital video recorder to Sharon. The recorder has a one year warranty. Sharon paid with a negotiable promissory note. Later..
At December 31, 2016, XYZ Company had total equity of $400,000. XYZ Company reported a return on investment (ROI) of 16% for 2016 and a net income of $93,000 during 2016. Calculate XYZ Company's total liabilities at December 31, 2016
Compute the net present value of the proposed investment. Ignore income taxes and round to the nearest dollar.
Calculate the labor rate variances and labor efficiency variances for cutting labor and for installation labor for the past six months.
Buchanan Enterprises has projected its income before taxes as follows.
Calculate the break-even point in units if Candice Corporation uses the capital-intensive manufacturing method
Prepare the journal entry on December 31, 2017 to record the carryback and carryforward decision and determine Matrixs taxable income for the year ended December 31, 2015.
Forten Company, a merchandiser, recently completed its calendar-year 2013 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, Prepare a complete statement of cash flow..
Jackson Company engaged in the following investment transactions during the current year. Prepare the appropriate journal entries to record the transactions for the year including year-end adjustments.
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