Selling price variance 1,200(F) 多做几道 What was the actual usage of direct material during February? A 800 kg B 1,000 kg C 1,200 kg D None of these What was the selling price variance for February? A $120 (F) B $900 (A) ...
(a)the sales VOLUME profit variance; (b)the sales PRICE variance. Solution: (a)The Sales VOLUME variance is: [Actual units sold-budgeted units sold]x Standard profit per unit =(12,000-10,500]x$35 =$52,500F (b)The Sales PRICE variance is: [Actual selling price-budgeted selling pric...
Price variance indicates when more needs to be done to reign in spending. This concept is used in various industries as a complement to budgeting models. It is also a good way to track the performance of key personnel if an important part of their function is to keep price levels within ...
Inventory valuation is how businesses assign monetary value to inventory for their records. Find out why it’s important, different methods, and how to calculate in 2023
here, the fixed number or a percentage of the total cost of a product is added to the product’s end price to get the selling price of a product. target-returning pricing- the company or a firm fix the cost of the product to achieve the rate of return on investment. market-oriented ...
future to generate wealth. in finance, an investment is a financial asset bought with the idea that the asset will provide income further or will later be sold at a higher cost price for a profit. investment is elucidated and defined as an addition to the stockpile of physical capital such...
Answer (B) is incorrect because The budgeted selling price and budgeted variable cost must be used to determine the sales quantity variance, not the actual selling price and actual variable cost.Answer (C) is incorrect because The budgeted variable cost must be subtracted from the selling price ...
But the store ends up exceeding expectations at the end of the holidays by selling around 3,500 chips packets. Assuming that the unit price of a packet of chips is $5, the sales volume variance will be: (3,500 – 3,000) * 5 = $2,500 ...
What do we mean by Sales Price Variance?Sales Price Variance is the variance or difference that occurs due to differences in the selling price…Read Article Sales Value Variance What do we Mean by Sales Value Variance? Variance is a statistical measure of how much a data set is spread over...
The term price is used when referring to the amount that a seller has established for its products. Accountants might state that a product’s selling price is equal to its costs + profit. However, the terms cost and price are often used interchangeably. Example of Cost and Price To illustra...