Q1. Atlas Company builds swimming pools. Atlas budgets that they will sell 14 pools during the month of April at a price of $20416 per pool. Actual pools sold by Atlas during April were 12 pools at a price of $21390 per pool. What is the Master Budget Variance for April? If the variance is unfavorable, use a negative sign right before the number with no space in between.
Q2. Fuller Company builds swimming pools. Fuller budgets that they will sell 13 pools during the month of April at a price of $20381 per pool. Actual pools sold by Fuller during April were 16 pools at a price of $20619 per pool. What is the Sales Volume Variance for April? If the variance is unfavorable, use a negative sign right before the number with no space in between.
Q3. Mark Company builds swimming pools. Mark budgets that they will sell 14 pools during the month of April at a price of $20871 per pool. Actual pools sold by Mark during April were 12 pools at a price of $21519 per pool. What is the Flexible Budget Variance for April? If the variance is unfavorable, use a negative sign right before the number with no space in between.
Q4. Results from Riadapi Company are as follows: Operating Income$8366Total Assets$15358Current Liabilities$3904Sales$35292Target Rate of Return (Cost of Capital)14% Calculate capital turnover. If your answer is a percentage, input it to one decimal place. For example .1222 should be input as 12.2. Otherwise round your answer to one decimal place.