Lincoln corporation used the following data
NettetLincoln Corporation used the following data to evaluate their current operating system. The company sells items for $14 each and used a budgeted selling price of $14 per unit. Units sold Variable costs Fixed costs Actual 41,000 units $167,000 $42,000 Budgeted 35,000 units $153,000 $58,000 What is the static-budget variance of operating income?
Lincoln corporation used the following data
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NettetView full document. See Page 1. 8) Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $18 each and … Nettet6. Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $18 each and used a budgeted selling price of $18 per unit. Actual Budgeted Units sold 45,000 units 31,000 units Variable costs $161,000 $150,000 Fixed costs $44,000 $50,000 What is the static-budget variance of variable …
NettetAnswer the following questions using the information below: Everclean Filter Corporation used the following data to evaluate their current operating system. The company sells items for $10 each and had used a budgeted selling price of $11 per unit. Actual Budgeted Units sold 306,000 units 300,000 units Variable costs $965,000 $950,000 Nettet6 ) Lincoln Corporation used the following data to evaluate their current operating system .The company sells items for $ 19 each and used a budgeted selling price of $ 19 per unit . Actual Budgeted Units sold 48,000 units 39,000 units Variable costs $ 167,000 $ 152,000 Fixed costs $ 41,000 $ 50,000 What is the static - budget variance of revenues ?
NettetC) $6,000 favorable. D) $9,000 unfavorable. a. Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for $18 each … NettetLincoln Corporation used the following data to evaluate their current operating system. The company sells items for $17 each and used a budgeted selling price of $17 per …
Nettet6) The following data pertain to Lincoln Corporation on December 31, 2024: Current account at Metrobank P1,800,000 Current account at Allied Bank (100,000) Payroll account 500,000 Foreign bank account (in equivalent pesos) 800,000 Savings deposit in a closed bank 150,000 Postage stamps 1,000 Employee’s post dated check 4,000 IOU …
NettetQuestion: In class online assignment #2 Use the following select data from Lincoln Corporation's income statement for the three months ended March 31, 2024, and from its March 31, 2024, balance sheet to complete the requirements. Computer services revenue Net sales (of goods) Total sales and revenue Cost of goods sold Net Income Quick … craftsy sewing classesNettetQ: Lincoln Corporation used the following data to evaluate their current operating system. The company… A: Actual selling price - $19 per unit Budgeted selling price - $19 per unit Actual units sold - 48,000… craftsy sewing tipsNettetLander Corporation used the following data to evaluate their current operating system. The company sells items for $18 each and used a budgeted selling price of $18 per … craftsy snowflake cutterNettetThe following data are available for the South Division of Redride Products, Inc. and the single product it makes. Unit selling price $20 ; Variable cost per unit $12 ; Annual fixed costs $280,00; Lincoln Corporation used the following data to evaluate its current operating system. craftsy sewing kitsNettetLincoln Corporation used the following data to evaluate their current operating system. The company sells items for $18 each and used a budgeted selling price of $18 per … craftsy sewing patternsNettetarrow_forward. Bryant Company’s budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attaché case are $43, $6, and $13, respectively. The president is pleased with the following performance report: Actual Costs Static Budget Variance Direct materials $438,000 $473,000 $35,000 F ... dixon il community gardenNettetQ: ncoln Corporation used the following data to evaluate their current operating system. The company… A: Solution: Actual operating income = sales - variable cost - fixed … craftsy sprightly plaidaptation poncho