Total sales-volume variance of revenues

Assignment Help Accounting Basics
Reference no: EM13122365

Teddy Berra Company manufactures and sells a total of 30,000 stuffed tigers and lions. During August, the following information was gathered for tiger and lions respectively: Actual selling price: $7.50, $10.50. Budgeted selling price: $5.50, $10.50. Actual Sales Mix: 69%, 31%. Budgeted Sales Mix: 75%, 25%. What is the total sales-volume variance of revenues?

a) $13,500 favorable

b) $,5400 unfavorable

c) $9,000 unfavorable

d) $32,400 unfavorable

e) None of the above.

Please provide the correct answer and show how you calculated this problem to get the right answer so I can understand how to complete this problem also.

Reference no: EM13122365

Questions Cloud

Unfavorable variance from budget : Ritz-Carlton is a management company for the underlying hotel owners. If the Ritz-Carlton Laguan Niguel had an unfavorable variance from budget greater than 5% allowed and greater than the othe rhotels, then the most probably cause for the shortfa..
Computing the break even point : Clyde's Marina has estimated that fixed costs per month are $303,480 and variable cost per dollar of sales is $0.40.
Explain how a business can maximize the relationship : Comprise the order of priority among the three and explain why they should be viewed in that order. Illustrate explain how a business can maximize the relationship among these three.
Explain how is change addressed differently : Does literature from different cultures focus on different aspects of business? If so, explain how is change addressed differently? Are different elements of change addressed?
Total sales-volume variance of revenues : Actual selling price: $7.50, $10.50. Budgeted selling price: $5.50, $10.50. Actual Sales Mix: 69%, 31%. Budgeted Sales Mix: 75%, 25%. What is the total sales-volume variance of revenues?
Probability mass function : Probability mass function 2.) Suppose X has probability mass function Pr{X = k} = c(k + 2) for k = -1, 0, 1, 2
How many molecules of o2 are present : a gas mixture consists of N2, O2, and Ne where the mole fraction of N2 is .55 and the mole fraction of Ne is .25. If the mixture is at STP in a 5.0 L container, how many molecules of O2 are present.
Identity for our capitalist systems and organizations : Do you think that the commonly held goal of maximizing shareholder wealth forms the basis of identity for our capitalist systems and organizations? Explain why or explain why not?
Probability that during interval no one will enter store : What is the probability that during 5 minutes interval no one will enter the store? b) what time interval is such that the probability is 0.5 that no one will enter the store during that interval?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Sox framework-business model fraud in financial accounting

Examine how the SOX framework can prevent business model fraud in financial accounting and managerial accounting.

  Business for personal living expenses

During the year, Mac withdrew $93,000 from the business for his personal living expenses. Assuming MACS is a sole proprietorship, how do these transactions affect Mac's taxable income for the year?

  Difference between actual and planned results

Policies regarding when a difference between actual and planned results should be investigated are generally more restrictive for non controllable items than for controllable items.

  Determining new target variable cost

What is its new target variable cost per skier / snowboarder? Compare this to the current variable cost per skier / snowboarder. Comment on your results.

  Noncontrolling interest in subsidiary net income

Both figures occur evenly throughout the year. On a December 31, 2004 consolidated income statement, what should be reported as the noncontrolling interest in the subsidiary's net income and as preacquisition income?

  Journal entry to distribute rozow''s total earnings

M. Rozow of Covington Manufacturing Co. is paid at the rate of $20 an hour for an 8 hour day with time and a half for over time and double time for Sundays and holidays.

  Determining linear and nonlinear models

A toy company has been marketing souvenir toys in conjunction with various professional sports teams in a number of cities. Over the past few years, this experience has provided some data on the effect of advertising on sales revenues because the ..

  Designate the best answer for each of following questions

Designate the best answer for each of the following questions, Statement of Cash Flows The comparative balance sheets for Logan Company appear below:

  How should clyde treat payment on his tax return

This is a tax research problem - Clyde had work for many years as the chief executive of Red Industries, and had also been a major shareholder. Clyde and the company had a falling out, and Clyde was terminated.

  Fundamental accounting model

What is the fundamental accounting model? Explain what debit and credit mean? What is a journal entry?

  Completing accounting cycle

Name the steps in completing the accounting cycle and explain how they impact the financial statements. What happens is a step is missed? Explain.

  What was their net income for the year

McKinney Corporation had beginning retained earnings of $2,292,000 and ending retained earnings of $2,499,000. During the year they issued common stock totaling $141,000. What was their net income for the year?

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!

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