CHARITY AND SPONSOR ADS
Shopping Cart
0 items
 

Exercise 15-4 Determining sales and variable cost volume variances

Exercise 15-4 Determining sales and variable cost volume variances
Click to enlarge
Price: $8.99
Availability: In Stock
Model: A
Average Rating: 5 out of 5 Stars!

INSTANT DOWNLOAD

Solution Guide / Answer Key:

ACCOUNTING

Survey of Accounting

Exercise 15-4 Determining sales and variable cost volume variances

Marlow Manufacturing Co. established the following standard price and data cost.

sales price = $7.50 per unit
variable manufacturing cost = 3.00 per unit
fixed manufacturing costs = 3,000 total
fixed selling & administrative costs = 1,000 total

Required
a. Determine the sales and variable cost variances.
b. Classify the variances as favorable (F) or unfavorable (U).
c. Comment on the usefulness of the variances with respect to performance evaluation and identify the member of the management team most likely to be responsible for these variances.
d. Determine the amount of fixed cost that will appear in the flexible budget.
e. Determine the fixed cost per unit based on planned activity. Assuming Marlow uses information in the master budget to price the company's product, comment on how the volume variance could affect the company's profitability.

 

FILE: MS WORD

Write Review
Your Name:


Your Review: Note: HTML is not translated!

Rating: Bad            Good

Enter the code in the box below:

There are no additional images for this product.