subject
Business, 13.05.2021 20:10 jasmelynn16

Peterson, Inc., manufactures and sells three products: A, B, and C. In January, Peterson, Inc., budgeted sales of the following. Budgeted VolumeBudgeted Price Product A120,000$40 Product B150,00015 Product C20,00020 At the end of the year, actual sales for Product A and Product B were $4,580,000 and $2,415,000 respectively. The actual price charged for each was equal to the budgeted price. Product C, however, had revenues of $500,000. While total revenue was higher than expected, the actual price of $10 represented a last-minute revision from budget to increase consumer acceptance of the product. Required: Calculate the sales price variance and price volume variance for each of the three products based on the original budget.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 17:50
Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?
Answers: 1
question
Business, 23.06.2019 12:00
Michael works in an it firm that is well known for making innovative products. michael is asked to develop a product that would serve an unmet need. though he has many ideas for it, none of them quite fits the bill. he finally decides to stand back from the problem for a period of time and ceases to consciously think about the yet-to-be-developed product. after a week, as he looks over his notes, he realizes the solution. the period of time in which michael did not consciously work on the problem is referred to as
Answers: 1
question
Business, 23.06.2019 14:30
You received to create an urgent presentation with predesigned and preinstalled elements. which option will you use?
Answers: 2
question
Business, 23.06.2019 17:30
Amy is buying a new blouse for a party. what kind of good is the blouse?
Answers: 1
You know the right answer?
Peterson, Inc., manufactures and sells three products: A, B, and C. In January, Peterson, Inc., budg...
Questions
question
Mathematics, 26.04.2021 09:00
question
Mathematics, 26.04.2021 09:00
question
Mathematics, 26.04.2021 09:00
Questions on the website: 13722361