User Account

All Pages

Determine what the operating income should have been

Assignment Help Financial Accounting
Reference no: EM13509184

The May 2009 income statement for Trajan Inc. is shown below:

Actual

Static Budget

Units sold

110

100

Sales

$3,200

$3,000

Variable expenses

$1,920

$1,800

Contribution margin

$1,280

$1,200

Fixed expenses

$680

$700

Operating income

$600

$600

Required:

a) Determine what the operating income should have been for the actual units sold.

b) Reconcile the difference between static budget and actual operating income.

 

Reference no: EM13509184

Questions Cloud

Compute the oscillation frequency of the wing tips : A small bird's wings can undergo a maximum displacement amplitude of 5.00 cm, what is the oscillation frequency of the wing tips
Determine the width of the box : A small device based on the confinement of a proton in a 1 dimensional box is found to have a ground (i.e. n = 1) level energy of 16.9 keV. Determine the width of the box
Find the change in the volume of the anchor : An anchor, made of cast iron of bulk modulus 60.0 × 109 Pa and of volume 0.230 m3, Find the change in the volume of the anchor
How fast is it moving at the end of the first second : Starting from rest, a boulder rolls down a hill with constant acceleration and travels 4.00 during the first second. How fast is it moving at the end of the first second
Determine what the operating income should have been : Determine what the operating income should have been for the actual units sold.
What is the tangential acceleration of the discus thrower : A discus thrower (with arm length of 1.2 m) starts from rest and begins to rotate counterclockwise with an angular acceleration of 1.5rad/s2. What is the tangential acceleration of the discus thrower at this point
Prepare the company planning budget : Prepare a flexible budget performance report for the company using the actual income statement information shown below.
Estimate the constant angular acceleration of the centrifuge : A centrifuge in a medical laboratory rotates at an angular speed of 3750 rpm (revolutions per minute). Find the constant angular acceleration of the centrifuge
Compute the materials quantity variance and materials price : Harmon Household, Inc. manufactures a number of consumer items for general household use. During the recent month, the company manufactured 4,000 chopping blocks using 11,000 feet of hardwood.

Reviews

Write a Review

Financial Accounting Questions & Answers

  A how many years are covered in each of the primary

a. how many years are covered in each of the primary comparative financial statements? were all of these statements

  Would the proposed increase in the minimum wage raise

If the demand of unskilled labor were inelastic, would the proposed increase in the minimum wage raise or lower total wage payments to unskilled workers? Would your answer changeif the demand for unskilled labor were elastic?

  Describe the opportunity set

Describing the opportunity set, notice there is a portfolio that has the lowest standard deviation. This is the minimum variance portfolio. Evaluate what are the portfolio weights, expected return, and standard deviation of this portfolio?

  1 affiliate x in ireland sells 10000 units to affiliate y

1. affiliate x in ireland sells 10000 units to affiliate y located in canada per year. the marginal corporate tax rate

  Which one is false for the capital asset pricing model

Can you explain how the uncertainty is related to earnings quality and how the uncertainty can be reduced?

  During its first month of operation the rawls repair

during its first month of operation the rawls repair corporation which specializes in bicycle repairs completed the

  Purchase effective 31st december 2010 zintel corporation

purchase effective 31st december 2010 zintel corporation proposes to issue extra shares of its common stock in exchange

  Discuss how differences between pooling and purchase account

Discuss how differences between pooling and purchase accounting for acquisitions affect future reported earnings if the Pierson/Drew business combination.

  Find the not-for-profit entities

Which of the following is common to both governments and not-for-profit entities but distinguishes these entities from for-profit entities?

  Show all relevant calculations and t accounts

What is the difference between operating profits under absorption costing and Variable costing and show all relevant calculations and T accounts

  Drawing a graph using cost and variable costindicate the

drawing a graph using cost and variable cost.indicate the effect that each of the following conditions will have on a

  Advise dr. white to prepare for reduced budgets

Compare and contrast accounting principles in lean production to those of typical production. Explain how you would advise Dr. White to prepare for reduced budgets.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd