User Account

All Pages

Solve problems of the lexota inc

Assignment Help Accounting Basics
Reference no: EM131666039

Question: Sales-volume, sales-mix, and sales-quantity variance. Lexota, Inc., an auto manufacturer, reported the following budgeted and actual sales of its vehicles during September, Year 2:

                                Budgeted Units         Budgetes Sales         Actual Units          Actual Sales

Power Lex 500                   200                   $10,000,000                150                  $8,000,000

Ota GAs Sipper                   200                   $ 4,000,000                250                  $4,000,000

The budgeted contribution margin is 20% for both vehicle types. Which of the following statements is true concerning the sales variances for Lexota, Inc. for September, Year 2?

a. The sales-volume variance for the company is favorable.

b. The sales-quantity variance for the company is unfavorable.

c. The budgeted variable cost for each vehicle type is the same.

d. The sales-mix variance for the company is unfavorable.

Reference no: EM131666039

Questions Cloud

Discuss the vexing issue of wrongful convictions : Prepare a brief essay analyzing and reacting to one of two recent articles that raise critically important issues of the criminal justice system.
Describe an issue or problem in public health : Describe an issue or problem in public health that could be addressed with a policy change, including:
Discuss what types of damages are recoverable : Does the Montreal Convention specify what types of damages are recoverable or whether the husband may bring an action
How you will select your sample population : the research method (qualitative or quantitative) how you will select your sample population, how you will collect your data and how you will analyze your data.
Solve problems of the lexota inc : Sales-volume, sales-mix, and sales-quantity variance. Lexota, Inc., an auto manufacturer, reported the following budgeted and actual sales of its vehicles.
How are competitors blocked out of the business : What are the barriers of entry in the coffee shop business? How are competitors blocked out of the business?
Discuss round-trip london and denver : The Plaintiff purchased a round-trip ticket on British Airways between London and Denver. Three days later she purchased a round-trip ticket on American Airline
Implemented in different types of industries is problematic : how those strategies be implemented in different types of industries is problematic.
Consider the multiple definitions of collaboration : Define collaboration and how you will apply it in this course based upon the discussion with your Learning Team. Be sure to reference and cite your sources.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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