Reference no: EM132640726
Narcisco Publications established the following standard price and costs for a hardcover picture book that the company produces.
Standard price and variable costs
Sales price $90.00
Materials cost 18.00
Labor cost 9.00
Overhead cost 12.60
Selling, general, and administrative costs 14.40Planned fixed costs
Manufacturing overhead $270,000
Selling, general, and administrative 108,000
Narcisco planned to make and sell 30,000 copies of the books.
Requried
Question a. Prepare the pro forma income statement that would appear in the master budget
Question b. Prepare flexible budget income statements, assuming production volumes of 29,000 and 31,000 units.
Question c. Determine the sales and variable cost volume variances, assuming volume is actually 31,000 units.
Question d. Indicate whether the variances are favorable (F) or unfavorable (U).
Question e. Comment on how Narcisco could use the variances to evaluate performance.
|
What measures can banks employ to mitigate credit risks
: Differentiate the dimensions of credit risk and their impact on the aggregate economy. What measures can banks employ to mitigate credit risks?
|
|
How do calculate the contribution margin ratio
: Calculate the contribution margin ratio, and apply this to determine sales dollars required to achieve a target profit of $12,500.
|
|
What is the maximum total depreciation
: What is the maximum total depreciation, including §179 expense, that TDW may deduct in 2019 on the assets it placed in service in 2019
|
|
Management wants higher profile on such consumer review
: Your company has a great product, and the management wants a higher profile on such consumer review sites as Yelp and Amazon.
|
|
How narcisco could use the variances to evaluate performance
: Prepare flexible budget income statements, assuming production volumes of 29,000 and 31,000 unit. how Narcisco could use the variances to evaluate performance.
|
|
Important considerations in organizational development
: Review "Organizational Universe" (attached) , noting that the author listed five areas for consideration: 1) Environment, 2) Climate, 3) Structure, 4) Goals, an
|
|
Prepare cash receipts schedule for the first quarter of year
: Spalding Pointers Corporation, Determine the amount of sales revenue Spalding will report on the Year 1 first quarterly pro forma income statement.
|
|
Conduct an accessibility audit on current workplace
: Conduct an accessibility audit on your current workplace. This includes accessibility for both the employees and the customers. If you are not currently employe
|
|
Explain smoky mountain corporation makes two types
: Smoky mountain Corporation makes two types of hiking boots the extreme in the Pathfinder data concerning these two product lines. Explain in detail.
|