The results for July for Brahms & Sons follow:
Actual (based on actual sales of 64,...
Business, 30.05.2020 19:59 coursonianp8izbc
The results for July for Brahms & Sons follow:
Actual (based on actual sales of 64,800 units) Master Budget (based on budgeted sales of 54,000 units)
Sales revenues $ 479,500 $ 490,000
Less
Variable costs
Direct material 59,700 49,000
Direct labor 51,700 61,000
Variable overhead 60,200 61,000
Marketing 20,450 20,000
Administration 18,950 20,000
Total variable costs $ 211,000 $ 211,000
Contribution margin $ 268,500 $ 279,000
Less
Fixed costs
Manufacturing 99,500 97,200
Marketing 18,900 16,200
Administration 82,400 $ 81,000
Total fixed costs $ 200,800 $ 194,400
Operating profits $ 67,700 $ 84,600
Required:1. Prepare a profit variance analysis for Brahms & Sons. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
Answers: 3
Business, 22.06.2019 05:30
Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?
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Business, 22.06.2019 19:40
Sue now has $125. how much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? a. $205.83b. $216.67c. $228.07d. $240.08e. $252.08
Answers: 1
Business, 23.06.2019 01:50
You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?
Answers: 3
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