Sales last year is 6M and decreased to 5.2M in the current year. The sales price increased by 30%. What is the sales price variance? 1,200,000 UNFAV 800,000 FAV 800,000 UNFAV 1,560,000 FAV None of the above

Sales last year is 6M and decreased to 5.2M in the current year. The sales price increased by 30%. What is the sales price variance? 1,200,000 UNFAV 800,000 FAV 800,000 UNFAV 1,560,000 FAV None of the above

Name: Sales last year is 6M and decreased to 5.2M in the current year. The s
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Sales last year is 6M and decreased to 5.2M in the current year. The sales price increased by 30%. What is the sales price variance?1,200,000 UNFAV 800,000 FAV800,000 UNFAV1,560,000 FAVNone of the above

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 3DQ: Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What...

See similar textbooks

Similar questions

Q4 From the following data, calculate: (a) PIV Ratio. (b) Profit when sales are OMR 40000. (c) New break-even point if selling price is reduced by 20%. Fixed Expenses OMR 8000. Break-Even point OMR 10000.
3. Covid Co. has the following monthly sales in 2020: Sales (000 units) Month Sales (000 units) Month January 567 July 522 February 231 August 752 March 610 September 645 April 309 October 229 May 736 November 456 June 380 December 700 a. Plot the monthly data. b. Forecast September sales volume using the following: 1) A linear regression 2) A 6-month moving average 3) Exponential smoothing with a smoothing constant equal to 0.20 and assuming a March forecast of 600,000. 4) The naïve approach 5) A weighted average using 0.7 for Dec, 0.2 for November and 0.1 for October. 6) Correlation c. Which method in b) is the MOST appropriate method to be used? Why?
If Sales for the last year was Rs. 40,00,000 and variable cost ratio is 80%. What will be the new contribution if the sales increase by 20%? Oa.10,50,000 O b. 9,60,000 O c. 9,20,000 O d. 8,00,000
Selling price per unit =$50. Variable expense ratio =40%. Fixed expenses per month =$30,000. The breakeven point in total revenueis?
From the following data, calculate: Fixed Expenses OMR 12000. Break-Even point OMR 20000. (a) P I V Ratio. (b) Profit when sales are OMR 80000 & V.C is OMR 18000. (Variable cost per unit OMR 36) (c) New break-even point if selling price is increased by 20%.
If the annual cost of goods sold is $30,000,000 and the average inventory is$5,000,000,a. What is the inventory turns ratio?b. What would be the reduction in average inventory if, through better materialsmanagement, inventory turns were increased to 10 times per year?c. If the cost of carrying inventory is 25% of the average inventory, what is the annual savings?
3. The relationship between the advertising budget (x, in $ millions) and sales (y, in $ billions) of a retailer can be expressed by the following regression model. The advertising budget of last year is $2 million, and the advertising budget for this year is expected to decrease by 25%, what would be the forecast for this year’s sales? And what is the percent change in sales compared to last year?y = 1.6 + 0.7x Select one: a. $2.65 billion; decreased about 13.2%. b. $3.35 billion; increased about 10.14%. c. $2.65 billion; decreased about 11.7%. d. $2.75 billion; decreased about 8.3%. e. $3.35 billion; increased about 11.7%
SDI Inc. expected to sell in October 2022 1,000 units of smartphones with a purchase cost per unit of P55,000, and expected to earn a gross profit per unit of P10,000. At the end of the month, after selling 100 more units, it reported a shortfall in actual gross profit by P1,200,000 partly because purchase cost increased by P1,000 per unit. How much is the sales price variance? Answer Format: 1,111,111 F or 1,111,111 U
A company's forecasted sales are $300,000 and its sales at break-even are $180,000. Calculate the margin of safety in dollars. Answer vari) . .........
Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What is the cost formula for monthly shipping cost? Identify the independent variable, the dependent variable, the fixed cost per month, and the variable rate.
If the sales this year amounted to P500,000, sales this year at last year's prices is P460,000, the cost of sales this year is P300,000, and the cost of sales this year at last year's price is P260,000. How much is the gross profit variation due to sales price factor? Kindly show the solution.
Dodge Ball Bearings had sales of 12,000 units at $80 per unit last year. The marketing manager projects a 30 percent increase in unit volume sales this year with a 15 percent price decrease (due to a price reduction by a competitor). Returned merchandise will represent 7 percent of total sales. What is your net dollar sales projection for this year?