Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $80 per unit and variable costs of $36 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget Actual Results For Month Ended June 30 Variances (11,100 units) (11,100 units) Sales $ 888,000 $ 915,000 $ Variable costs Contribution margin Fixed costs Income 399,600 354,000 Favorable/Unfavorable 27,000 Favorable 45,600 Favorable 488,400 Favorable 273,000 288,000 (15,000) Unfavorable Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $80 per unit and variable costs of $36 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Flexible Budget Performance Report Flexible Budget Actual Results For Month Ended June 30 Variances (11,100 units) (11,100 units) Sales $ 888,000 $ 915,000 $ Variable costs Contribution margin Fixed costs Income 399,600 354,000 Favorable/Unfavorable 27,000 Favorable 45,600 Favorable 488,400 Favorable 273,000 288,000 (15,000) Unfavorable
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
In the sample regression line model, the standard error of the estimate measures A . the amount by which the actual Y values differ from top enclose Y value. B . the amount by which the actual Y...
-
The difference between (1) the sum of any proceeds received by the parent and the fair value of its remaining equity interest in the former subsidiary and (2) the carrying amount of the parent's...
-
Elaborate: As this is our first year of operating after re-opening the Allamuchy Township Education Foundation, our budget is bare bones. After our first year of operations we should know in more...
-
One of the most common reasons why projects undergo scope changes is: A. Poor work breakdown structure B. Poorly defined statement of work C. Lack of resources D. Lack of funding
-
How are tax materials accessed on LexisNexis Academic?
-
MC Terry purchased an ice-cream machine for $15,000; the seller is holding the note. Terry paid $1,500 for the required wiring and installation. Terry has deducted depreciation on the ice-cream...
-
The heading in a cash flow statement 'Cash flows from financing activities' means: a The cash outflow due to loan interest payments being made b The cash flow from share and loan issues and...
-
The deepest point in the ocean is in the Mariana Trench, about 11 km deep. The pressure at this depth is huge, about 1.13 - 108 N/m2. (a) Calculate the change in volume of 1.00 m3 of seawater carried...
-
EX 19-19 Break-even chart Name the following chart, and identify the items represented by the letters (A) through (F): Sales and Costs $200,000 $150,000 $100,000 $50,000 10,000 20,000 30,000 40,000...
-
Your organization has been asked to surrender some public IP addresses because of the IPv4 address shortage. The organization will be limited to one public IPv4 address. Propose a way in which your...
-
How does this portrayal of the legislative process present anoversimplified journey by which a bill becomes a law? What elsewould need to be addressed to make this portrayal moreaccurate?
-
Consider the following two options for the vessel MV KONTA which is available for new employment at Port of Ras Tanura. The vessel's details are as follows: Vessel details: Deadweight: 70,000 tonnes...
-
How do hybrid modeling approaches, combining mechanistic models with data-driven techniques, offer advantages in capturing both system complexity and empirical relationships, particularly in fields...
-
Lou Meng Hui has just won the lottery! He has two options to receive the lottery winnings. Option 1 is that he would receive $20,000 forever. Even better, this payment will grow at 4% per year into...
-
Can you elaborate on the concept of model validation and uncertainty quantification in process modeling, including the use of experimental data, sensitivity analysis, and probabilistic methods to...
-
In addition to comparison, a second form of control is to restrict randomization by forming blocks of individuals that are similar in some way that is important to the response. Randomization is then...
-
APC16550D UART has a clock running at18.432 MHz and its baud rate is set to 2000.Determine the HEX contents of its DLM and DLL registers. Please can you explain step by step and in detail how you get...
-
The finance director of Toy plc has been asked by a shareholder to explain items that appear in the current cost income statement for the year ended 31.8.20X9 and the balance sheet as at that date:...
-
Raiders plc prepares accounts annually to 31 March.The following figures, prepared on a conventional historical cost basis, are included in the companys accounts to 31 March 20X5. The inventory held...
-
The balance sheets of Parkway plc for 20X7 and 20X8 are given below, together with the profit and loss account for the year ended 30 June 20X8. 1 The freehold land and buildings were purchased on 1...
Study smarter with the SolutionInn App