Please show all calculations to do this problem. The following information is av
ID: 2385921 • Letter: P
Question
Please show all calculations to do this problem.The following information is available for the Gabriel Products Company for the month of July:
______________________________________________Static Budget______Actual
Units__________________________________________5,000____________5,100
Sales Revenue__________________________________$60,000__________$58,650
Variable manufacturing costs_______________________$15,000__________$16,320
Fixed manufacturing costs_________________________$18,000__________$17,000
Variable marketing and administrative expense_________$10,000__________$10,500
Fixed marketing and administrative expense___________$12,000__________$11,000
The total sales-volume variance for the month of July would be..?
Answer was $700 favorable
Explanation / Answer
The following information is available for the Gabriel Products Company for the month of July:
______________________________________________Static Budget______Actual
Units__________________________________________5,000____________5,100
Sales Revenue__________________________________$60,000__________$58,650
Variable manufacturing costs_______________________$15,000__________$16,320
Fixed manufacturing costs_________________________$18,000__________$17,000
Variable marketing and administrative expense_________$10,000__________$10,500
Fixed marketing and administrative expense___________$12,000__________$11,000
The total sales-volume variance for the month of July would be..?
unit cm=$60,000 -$15,000-$10,000/$35,000=$7
= 5,100 -5,000= 100x $7= $700 favorable
Answer was $700 favorable
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