London Business Schools Entrepreneur Society recently held a dinner dance The original (static) budget and actual results were as follows 1 Subdivide each variance into a sales activity variance portion and a flexible budget variance portion Use the format of Exhibit 8 5, p 336 Exhibit 8 5 2 Provid...

ANSWER LONDON BUSINESS SCHOOLS ENTREPRENEUR SOCIETY Flexible Ac ...

London Business Schools Entrepreneur Society recently held a dinner dance. The original (static) budget and actual results

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London Business School’s Entrepreneur Society recently held a dinner dance. The original (static) budget and actual results were as follows:

Attendees Revenue Chicken dinners at 19.00 Beverages, 6 per person Club rental, at 81 Music, 3 hours at 250

1. Subdivide each variance into a sales-activity variance portion and a flexible-budget variance portion. Use the format of Exhibit 8.5, p. 336.

Exhibit 8.5

2. Provide possible explanations for the variances.

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Introduction To Management Accounting

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Authors: Alnoor Bhimani, Charles T. Horngren, Gary L. Sundem, William O. Stratton, Jeff Schatzberg

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Question Posted: Dec 30, 2023 05:54 AM

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London Business Schools Entrepreneur Society recently held a dinner dance. The original (static) budget and actual results

Question:

Attendees Revenue Chicken dinners at £19.00 Beverages, £6 per person Club rental, at £81 Music, 3 hours at £250 per hour Profit Static budget 75 £ 2,625 1,425 450 81 750 £ (81) Actual 90 £3,255 1,767 466 81 875 £ 66 Variance £630 F 342 U 16 U 0 125 U £147 F

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ANSWER LONDON BUSINESS SCHOOLS ENTREPRENEUR SOCIETY Flexible Ac...View the full answer

Introduction To Management Accounting

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