User Account

All Pages

What is the sales variance shown in a flexible budget report

Assignment Help Accounting Basics
Reference no: EM131913120

Problem

The Mead Corporation has a per unit selling price of $100, variable cost of $75 per unit, and fixed cost of $20,000. Mead has prepared a flexible budget showing sales activity of 5,000 units and 6,000 units. If actual sales revenue is $550,000 based on sales of 5,000 units, what is the sales variance shown in a flexible budget performance report?

Reference no: EM131913120

Questions Cloud

Cost of capital for an otherwise identical all-equity firm : What is the cost of capital for an otherwise identical all-equity firm?
What c should the company choose if it wishes to eliminate : What C should the company choose if it wishes to eliminate all wheat price risk?
What is recommendation assuming variable manufacturing costs : What is your recommendation assuming all variable manufacturing costs will be eliminated and fixed manufacturing costs for the company are fixed?
What can ratio analysis contribute to financial planning : What can ratio analysis contribute to financial planning and analysis? What are the determinants of the dynamic adjustment process
What is the sales variance shown in a flexible budget report : If actual sales revenue is $550,000 based on sales of 5,000 units, what is the sales variance shown in a flexible budget performance report?
What lot size should be produced : A producer of electronic parts wants to take account of both production rate and demand rate in deciding on its lot sizes. A particular $50 part.
Problem regarding the sampling distribution : A bank in a small town has 10,000 customers. A national survey on the banking habits of people in U.S. shows that 80% of the people with income.
What was the closing price for this stock that appeared : If the company currently has 33 million shares of stock outstanding, what was net income for the most recent four quarters?
What is the probability that at least 3 of them have type : If a random sample of 10 is taken from the population , what is the probability that at least 3 of them have type o blood?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Risk that come into play during the audit process

There are many types of risk that come into play during the audit process. Describe the following four main risks:

  Late in december the next generation of multiuse mu ii

late in december the next generation of multiuse mu ii watches is released. in addition to all of the features of the

  Various changes in principle inventory methods below

Assume that in 2011 Benchley decided to change from the FIFO method to the average cost method of pricing inventories. Prepare the journal entry necessary for the change that took place during 2011, and show net income reported for 2008, 2009, 2010, ..

  How is a transfer price determined describe the cost-based

how is a transfer price determined? describe the cost-based method. do you think it is better than the market-based

  Paul and paula petroceli were trying to decide whether to

paul and paula petroceli were trying to decide whether to go to the symphony or to the baseball game. they already have

  Johnson inc is a job-order manufacturing company that uses

johnson inc. is a job-order manufacturing company that uses a predetermined overhead rate based on direct labor hours

  Hubert tax service offers tax and consulting services to

hubert tax service offers tax and consulting services to individuals and small businesses. data for fees and costs of

  Dinkle manufacturing company manufactures a variety of

dinkle manufacturing company manufactures a variety of tools and industrial equipment. the company operates through

  Market rate of return

Equestrain Roads sold $50,000 of goods and accepted the customer's $50,000 10% 1-year note receivable in exchange. Assuming 10% approximates the market rate of return, what would be the debit in this journal entry to record the sale?

  Ieso company has two stores j and k during novenber ieso

1 treads corporation is considering the replacement of an old machine that is currently being used. the old machine is

  What major disadvantage method should the company consider

Delmar Corporation is considering the use of residual income as a measure of the performance of its divisions. What major disadvantage of this method should the company consider before deciding to institute it?

  Some of the ledger accounts for the sanderson hardware

some of the ledger accounts for the sanderson hardware company are numbered and listed below. for each of the october

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