Komatsu company’s budget for sales was 1,000 of small size tractor for $1,200 per the tractor. The company’s actual sales was $1,365,000, sales units for 1,300 bikes. What are the Sales Price Variance and Sales Activity Variance? And show in graph.
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Komatsu company’s budget for sales was 1,000 of small size tractor for $1,200 per the tractor. The company’s actual sales was $1,365,000, sales units for 1,300 bikes.
What are the Sales Price Variance and Sales Activity Variance? And show in graph.
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- Comparative Income Statements and Sales Performance Variances; Current to PriorYear Green Grow Inc. manufactures riding lawn mowers that it sells to the large discount storessuch as Walmart, Lowe’s, and Home Depot. The mowers are marketed as a “value” product, withgood quality at a very good price. The company’s two products are the Quality mower, which lastyear sold for $1,200 (the discounters retailed it for $1,500), and the Heavy Duty model, which GreenGrow sold for $1,600 (and was retailed for $2,200). At the end of last year, the company had comeunder increased price competition from other manufacturers. The company management believes itmust reduce its price in the current year on both products to keep its current market share with salesof 3,500 units. The unit variable costs for the Quality and Heavy Duty products are $800 and $950,respectively. Management does not believe it can reduce these variable costs for the coming yearbut will begin to study ways to do so for future…PLEASE ANSWER THE FOLLOWING QUESTIONS: Requirements 1. Compute the total sales-volume variance, the total sales-mix variance, and the total sales-quantity variance. (Calculate all variances in terms of contribution margin.) Show results for each product in your computations. 2. What inferences can you draw from the variances computed in requirement 1? Data table Budget for 2020 Selling Variable Cost Cartons Product Price per Carton Sold Kostor $11.00 $ Limba $ 23.00 $ 6.40 16.15 Actual for 2020 Selling Variable Cost Cartons Price per Carton Sold 7.40 138,600 16.35 59,400 132,000 $11.60 S 88,000 $ 24.40 $Campbell Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year. E (Click the icon to view the actual data.) Prepare a segment margin performance report for the pharmaceutical segment. Calculate a variance and a variance percentage for each line in the report. Round to the nearest hundredth for the variance percentages (for example, if your answer is 16.2384%, round it to 16.24%). Budgeted data for the same time period for the pharmaceutical segment are as follows (all data are in millions): E (Click the icon to view the budgeted data.) Begin by preparing the performance report through the contribution margin line. Next, complete the report through the segment margin line, and then, finally, complete the report through the operating income line. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X.XX%.) Performance Report Data table…
- Mia Wiz sells computers. During May, it sold 400 computers at a $1,100 per unit price. The fixed budget for May predicted sales of 450 computers at an per unit price of $1,080. AQ Actual Quantity SQ Standard Quantity AP Actual Price SP- Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Identify it as favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual Sales Flexible Budget 0 0 S 0 Budgeted SalesDickinsen Company gathered the following data for December: Planned Actual Sales price per unit Number of units of sales $5.80 x 820,000 $4,756,000 $6.00 x 805,000 $4,830,000 Total sales a. Compute the revenue price variance. b. Compute the revenue volume variance. c. Compute the total revenue variance.ABC Corporation sold 1,200 units for the month at an average selling price of P5,000. Its target sales was 1,125 units at P5,200 each. 1. How much is the total sales variance? 2. How much is the sales price variance? 3. How much is the sales quantity variance?
- Comp Wiz sells computers. During May, it sold 300 computers at a $800 average price each. The May fixed budget included sales of 350 computers at an average price of $770 each. AQ = Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Classify it as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Flexible Budget Actual Sales Budgeted Sales AQ АP AQ SP SQ SP X X Y 0 0 0Calculate expected gross margin if Jan produces 50,000, 65,000, or 70,000 books. (Make sure you include the production-volume variance as part of cost of goods sold.)Mia Wiz sells computers. During May, it sold 300 computers at a $700 per unit price. The fixed budget for May predicted sales of 350 computers at an per unit price of $660. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Identify it as favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Sales Flexible Budget Budgeted Sales
- Mia Wiz sells computers. During May, it sold 400 computers at a $900 per unit price. The fixed budget for May predicted sales of 450 computers at an per unit price of $850. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price 1&2. Compute the sales price variance and the sales volume variance for May. Identify it as favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Sales Flexible Budget Budgeted Sales $ $ Sales price variance Sales volume variance %24Samsung offers sales price discounts on some products. Samsung can use sales variance analysis to assess the effects of these sales discounts. Assumed data for one model of a Samsung television follow. TV Sales (units) Sales price per unit Budgeted 2,000 units $ 1,800 Actual 3,000 units $ 1,100 AQ = Actual Quantity AP Actual Price SP Standard Price SQ Standard Quantity Required: 1. & 2. Compute the sales price, sales volume and total sales variances and identify each as favorable or unfavorable. Actual Sales $ 0 Flexible Budget $ 10 10 $ 0 Fixed BudgetThe actual margin per unit and margin per unit estimated in the plan are $6 and $8, respectively. The actual volume and the volume estimated in the plan are 5,000 units and 10,000 units, respectively. What is the margin variance of the business? O-$10,000 $5,000 -$20,000 $10,000 O$20,000