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Selected transactions of Alton Company 1 Classify each of the following as a(n): A. Operating Activity B. Investing Activity C. Financing Activity _____ 1 Issuance of bonds. _____ 2. Sale of equipment. _____ 3. Amortization expense. _____ 4. Purchase of treasury stock. _____ 5. Receipt of dividends on investment. _____ 6. Purchase of land. 2 Selected transactions of Alton Company are listed below. 1. Common stock ...

Other / Other 08 Apr 2016

Compute the sale-mix variance and the sales-quantity variance 1. The Chair Company manufactures two modular types of chairs, one for the residential market, and the other for the office market. Budgeted and actual operating data for the year 20x3 are: Static Budget Residential Office Total Number of chairs sold 260,000 140,000 400,000 Contribution margin $26,000,000 $11,200,000 $37,200,000 Actual Results Residential Office Tot ...

Other / Other 07 Apr 2016

Handy-Man Services is a repair-service company 1. Handy-Man Services is a repair-service company specializing in small household jobs. Each client pays a fixed monthly service fee based on the number of rooms in the house. Records are kept on the time and material costs used for each repair. The following profitability data apply to five customers: Customer Revenues Customer Costs Marveline Burnett $300 $225 J Jackson 200 305 R ...

Other / Other 07 Apr 2016

Compute the market-share variance and market-size variance 1. The Omega Corporation manufactures two types of vacuum cleaners, the ZENITH for commercial building use and the House-Helper for residences. Budgeted and actual operating data for the year 20x3 are as follows: Static Budget ZENITH House-Helper Total Number sold 15,000 60,000 75,000 Contribution margin $3,750,000 $12,000,000 $15,750,000 Actual Results ZENITH House-Help ...

Other / Other 07 Apr 2016

The market-share variance will be favorable 1. More insight into the sales-quantity variance can be gained by subdividing it into a. the sales-mix variance and the sales-volume variance. b. the market-share variance and the market-size variance. c. the flexible-budget variance and the sales-volume variance. d. a cost hierarchy. 2. The market-share variance results from a difference between the a. actual market share an ...

Other / Other 07 Apr 2016

The materials yield variance will be unfavorable 1. More insight into the flexible-budget variance for direct materials can be gained by subdividing it into the direct materials a. mix and volume variances. b. market-share and market-size variances. c. mix and yield variances. d. price and efficiency variances. 2. More insight into the efficiency variance for direct materials can be gained by subdividing it into the direct ...

Other / Other 07 Apr 2016

The Omega Corporation manufactures two types of vacuum cleaners 1. The Omega Corporation manufactures two types of vacuum cleaners, the ZENITH for commercial building use and the House-Helper for residences. Budgeted and actual operating data for the year 20x3 are as follows: Static Budget ZENITH House-Helper Total Number sold 15,000 60,000 75,000 Contribution margin $3,750,000 $12,000,000 $15,750,000 Actual Results ZENITH House- ...

Other / Other 07 Apr 2016

What is the total sales-mix variance THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 1 THROUGH 9. The Sasita Corporation manufactures two types of vacuum cleaners, the ZENITH for commercial building use and the House-Helper for residences. Budgeted and actual operating data for the year 20x3 were as follows: Static Budget ZENITH House-Helper Total Number sold 5,000 20,000 25,000 Contribution margin $1,500,000 $3,000,000 $4,500,000 ...

Other / Other 07 Apr 2016

What is the total sales-quantity variance THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 1 THROUGH 4. The XTRA Appliance Manufacturing Corporation manufactures two vacuum cleaners, the Standard and the Super. The following information was gathered about the two products: Standard Super Budgeted sales in units 3,200 800 Budgeted selling price $300 $850 Budgeted contribution margin per unit $210 $550 Actual sales in units 3, ...

Other / Other 07 Apr 2016

What is the actual contribution margin for the month 1. (Actual sales quantity in units - Static budget sales quantity in units) x Budgeted contribution margin per unit = a. the sales-volume variance. b. the sales-mix variance. c. the sales-quantity variance. d. the market-share variance. 2. The sales-quantity variance results from a difference between a. the actual sales mix and the budgeted sales mix. b. the actual ...

Other / Other 07 Apr 2016