The following is a partial performance report for a revenue center for the Southeast Division of Flower City Restaurants.(Click the icon to view the financial results.)Fill in the missing amounts. Indicate whether each variance is favorable (F) or unfavorable (U). (Enter the variances as positive numbers and round the varipercentages to the nearest tenth of a percent, X.X%. Label each variance as favorable (F) or unfavorable (U).)ProductFoodDessertBarCateringFlower City RestaurantsSoutheast Division Sales Revenue forFor the Month Ending June 30$$$$Actual Sales Budgeted Sales146,00022,00054,00055,000141,620 S21,340 $58,320 $52,800 $Variance(U or F)GLUTEVariance %(U or F)%%%%

Sales variance analysis is one of important analysis being done in business. It shows variance…

The following is a partial performance report for a revenue center for the Southeast Division of Flower City Restaurants. (Click the icon to view the financial results.) Fill in the missing amounts. Indicate whether each variance is favorable (F) or unfavorable (U). (Enter the variances as positive numbers and round them percentages to the nearest tenth of a percent, XX%. Label each variance as favorable (F) or unfavorable (U).) Product Food Dessert Bar Catering Flower City Restaurants Southeast Division - Sales Revenue for For the Month Ending June 30 $ $ $ $ Actual Sales Budgeted Sales 141,620 S 146,000 21,340 $ 22,000 58,320 $ 54,000 52,800 $ 55,000 Variance (U or F) CELLE Variance % (U or F) %

The following is a partial performance report for a revenue center for the Southeast Division of Flower City Restaurants. (Click the icon to view the financial results.) Fill in the missing amounts. Indicate whether each variance is favorable (F) or unfavorable (U). (Enter the variances as positive numbers and round them percentages to the nearest tenth of a percent, XX%. Label each variance as favorable (F) or unfavorable (U).) Product Food Dessert Bar Catering Flower City Restaurants Southeast Division - Sales Revenue for For the Month Ending June 30 $ $ $ $ Actual Sales Budgeted Sales 141,620 S 146,000 21,340 $ 22,000 58,320 $ 54,000 52,800 $ 55,000 Variance (U or F) CELLE Variance % (U or F) %

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 22E

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Show transcribed image text 15.What activity variances would Adger report with respect to each of its expenses? (Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance). Input all amounts as positive values.) [The following information applies to the questions displayed below.] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers.
1. Summarize the variances that you computes in (1) above by showing the net overall favorable or unfavorable variances for the month. What impact did this figure have on the company's income statement? Show computations 2.Pick out the two most significant variances that you computed in (1) above. Explain tMs. Dunn possible causes of these variances.
Which of the following about gross profit variance analysis is most correct? a. Results of the gross variance analysis should be published at least annually to improve the company’s transparency. b. All of the choices are correct. c. Gross profit variance analysis is a management tool used to track gross profit and improve its performance and profitability in the future. d. A zero-gross profit variance absolutely indicates that the company is able to sell its products at the same price and at the same volume as budgeted or as previous year’s.
Requirements Prepare a segment margin performance report for the pharmaceutical segment. In this report, be sure to include lines for the contribution margin, the segment margin, and operating income. Calculate a variance and a variance percentage for each line in the report. a. Check your spelling carefully and do not abbreviate. b. Follow the format shown in Exhibit 10-4. C. Use the ABS function when calculating variances, and use the drop-down selections for F (favorable) or U (unfavorable) when describing the variances.
Carter Dry Cleaning has developed two regression analyses for cost estimation. The accounting manager has presented statistical measures for both of these regressions. Regression A has an R-squaredvalue of .53 and a t-value of 1.08. Regression B has an R-squared of .89 and a t-value of 2.17. Whatdo these statistical measures indicate about the regressions? Which regression should Carter DryCleaning use for cost estimation?
Sulert, Inc., produces and sells gel-filled ice packs. Sulert’s performance report for April follows: REQUIRED: 1. Calculate the contribution margin variance and the contribution margin volume variance. 2. Calculate the market share variance and the market size variance. (CMA adapted)
Please provide answers in excel with formulas. Calculate the following variances and indicate whether each variance is favorable or unfavorable: 1.5. Volume Variance1.6. Total Variance
Use the following returns for X and Y. Returns Year 1 22.8% 29.4% - 17.8 10.8 4.8 31.4 4 21.6 - 16.6 5.8 35.4 a. Calculate the average returns for X and Y. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. Calculate the variances for X and Y. (Do not round intermediate calculations and round your answers to 6 decimal places, e.g., 32.161616.) c. Calculate the standard deviations for X and Y. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Y a. Average return % % b. Variance с. Standard deviation %
Which statement is true? A. Gross profit (GP) variance analysis, is an essential part of financial statements analysis that is used to evaluate the performance of a firm's departments responsible for the firm's line activities (functions). B. Increases and decreases in sales and cost of sales have direct relationship with increases and decreases in GP. C. If there is a negative sales price variance and there is no cost variance, the gross profit variance will be equal to the sales price variance. D. A zero cost variance indicates that there is no difference between the standard cost prices and actual cost prices. E. none of the above
Match the term with its corresponding definition. Do not give Direct answer kindly explain it one or 2 lines - A. B. C. D. E. F. G. H. I. J. Revenue Price Variance - A. B. C. D. E. F. G. H. I. J. Budget Performance Report - A. B. C. D. E. F. G. H. I. J. Volume Variance - A. B. C. D. E. F. G. H. I. J. Controllable Variance - A. B. C. D. E. F. G. H. I. J. Ideal Standards - A. B. C. D. E. F. G. H. I. J. Direct Labor rate Variance - A. B. C. D. E. F. G. H. I. J. Direct Materials…
Hi there, can you please help me with the following, I just want to make sure I am on the right track and make changes as apporpriate. CoGo Trading a subsidiary of Best Fit Ltd has just prepared the final results for the year ended 30 June 2021. To evaluate the performance of the business and to inform relevant stakeholders, you are required to prepare a performance report showing: Appropriate variances for revenue and cost items (dollar amount and percentage) Indicating whether variances are favourable or unfavourable Identify variances that are significant (alert any variances exceeding 5%) for the organisation for further investigation and direction by the supervisor. Complete the Performance Report above outlining the variances (both in dollars and percentages). CoGo Trading Performance Report for the year ended 30 June 2021 Revenue Costs Variable Cost of Sales Sales Commissions Sales Discounts Other Sales Expenses Fixed Advertising Depreciation Electricity Insurance Rent Salaries…
Using 6-way variance analysis, determine the following variances: 1. Sales volume variance 2. Price factor 3. Price-Quantity factor Format: 111,111 U or 111,111 F