Question

In: Accounting

a restaurant manager's operation achieved sales of $70,500 last January, sales of $75,250 this January. Calculate...

a restaurant manager's operation achieved sales of $70,500 last January, sales of $75,250 this January. Calculate sales volume variance in $ and %

Solutions

Expert Solution

Solution:

Sales volume variance in $= 75250- 70500 = $4,750

Sales volume variance in % = $4750/ $70500 = 6.74%


Related Solutions

For February, sales revenue is $597,000, sales commissions are 6% of sales, the sales manager's salary...
For February, sales revenue is $597,000, sales commissions are 6% of sales, the sales manager's salary is $81,100, advertising expenses are $92,500, shipping expenses total 4% of sale, and miscellaneous selling expenses are $2,400 plus 1/2 of 1% of sales. Total selling expenses for the month of February are a.$235,700 b.$238,685 c.$176,000 d.$211,820
A restaurant owner prepares a balance sheet on the last day of each month. On January...
A restaurant owner prepares a balance sheet on the last day of each month. On January 1st, the owner pre-pays $24,000 for one year of liability insurance. What will be the balance in the pre-paid expense account on the last day of July
The Asian GardenAsian Garden​, a local Thai​ restaurant, expects sales to be $780,000 in January. Its...
The Asian GardenAsian Garden​, a local Thai​ restaurant, expects sales to be $780,000 in January. Its average customer restaurant bill is $65. Only 20% of the restaurant bills are paid with​ cash; 50% are paid with credit cards and 30% with debit cards. The transaction fees charged by the credit and debit card issuers are as​ follows: Credit​ cards: $0.60 per transaction​ + 2 % of the amount charged Debit​ cards: $0.55 per transaction​ + 1% of the amount charged...
A restaurant has the following table of values for some of its burrito sales during January...
A restaurant has the following table of values for some of its burrito sales during January from the previous 10 years Years 2007 2009 2010 2011 2013 2015 Price 10.50 9 10.75 11 13 12.25 Sales 110 165 105 98 75 80 a. Find a cubic model for the price demand functions. What is the correlation coefficient? b. Using your cubic model, find a model for the revenue c. What price will the revenue be maximized d. Does your answer...
Factor Financing The operation of your business resulted in Sales of $610,000 last year. Your year-end...
Factor Financing The operation of your business resulted in Sales of $610,000 last year. Your year-end AR are $150,000. You are considering factoring AR to raise cash to help finance your venture’s growth. The factoring company imposes 6% discount and charges additional 2% for each expected 15-day average collection period over 40 days. Calculate the dollar amount you would receive from the factoring company for your AR, if your collection period is 40 days or less. Calculate the dollar amount...
Vicon Manufacturing Bhd has reported the following results for last year’s operation: Sales RM30 million Net...
Vicon Manufacturing Bhd has reported the following results for last year’s operation: Sales RM30 million Net operating income RM 5 million Average operating assets RM 15 million Required: (a) Compute Vicon Manufacturing Bhd’s margin. [ 3 marks ] (b) Compute Vicon Manufacturing Bhd’s turnover. [ 3 marks ] (c) Compute the Vicon Manufacturing Bhd’s return on investment. [ 3 marks ] (d) Chief Executive Officer of Vicon Manufacturing Bhd has set a minimum required rate of return on average operating...
Suppose a company has the following sales for the last six months (January – June): Month...
Suppose a company has the following sales for the last six months (January – June): Month Period Sales January 1 16 February 2 25 March 3 20 April 4 20 May 5 31 June 6 35 July 7 26 August 8 (a) Use exponential smoothing (a= 0.10) to forecast the sales for August (to 2 decimals). What is the value? Compute the MSE for the exponential smoothing method from the above question (to 2 decimals). Use a 2-period moving average...
Calculate the throughput achieved by the following network paths (think of the overall throughput as the...
Calculate the throughput achieved by the following network paths (think of the overall throughput as the average bit arrival rate at the destination): (a) a 100-Mbps Ethernet path with three switches between the source and the destination. The propagation delay of each link is 10µs and each switch begins retransmitting immediately after it has finished receiving the packet. (b) Same setting as in (a), but the sender must wait for a 50-byte ACK packet for every 12,000-bit data that it...
SALES PER MONTH DURING THE LAST YEAR 20X1 JANUARY $ 550,000 FEBRUARY $ 825,000 MARCH $...
SALES PER MONTH DURING THE LAST YEAR 20X1 JANUARY $ 550,000 FEBRUARY $ 825,000 MARCH $ 575,000 APRIL $ 870,000 MAY $ 1,080,000 JUNE $ 1,065,000 JULY $ 1,070,000 AUGUST $ 1,060,000 SEPTEMBER $ 1,180,000 OCTOBER $ 1,140,000 NOVEMBER $ 1,290,000 DECEMBER $ 1,460,000 I. Sales Projection: 20X2 After consulting the Company's Management Committee, it was agreed that business plans and strategies were deemed appropriate, a 35% increase in sales reported during the months of last year 20x1. All sales...
Suggestion for operation an organic food restaurant The products are Meal box (e.g a set of...
Suggestion for operation an organic food restaurant The products are Meal box (e.g a set of Salad with some drink), Target customers are university students. 1. research methodology 2. business/competitive strategy and operations strategy 3. product definition and documentation 4. production/service process map 5. process analysis 6. shop’s location, layout with analysis 7. inventory management policy 8. differentiation and advantage 9. Annual Financial return
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT