The static budget, at the beginning of the month, for La Verne Company follows: Static budget:...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The static budget, at the beginning of the month, for La Verne Company follows: Static budget: Sales volume: 2,100 units: Sales price: $57 per unit Variable cost: $14 per unit: Fixed costs: $26,000 per month Operating income: $64,300 Actual results, at the end of the month, follows: Actual results: Sales volume: 1,800 units: Sales price: $58 per unit Variable cost: $16 per unit: Fixed costs $35,000 per month Operating income: $40,600 Calculate the sales volume variance for variable costs. OA. $4,200 F OB. $12,900 U OC. $12,900 F OD. $300 U The static budget, at the beginning of the month, for La Verne Company follows: Static budget: Sales volume: 2,100 units: Sales price: $57 per unit Variable cost: $14 per unit: Fixed costs: $26,000 per month Operating income: $64,300 Actual results, at the end of the month, follows: Actual results: Sales volume: 1,800 units: Sales price: $58 per unit Variable cost: $16 per unit: Fixed costs $35,000 per month Operating income: $40,600 Calculate the sales volume variance for variable costs. OA. $4,200 F OB. $12,900 U OC. $12,900 F OD. $300 U
Expert Answer:
Answer rating: 100% (QA)
Sales Volume variance Flexible budget cost Static budge... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
Terry saves $50 at the beginning of each month for 16 years. Beginning 1 month after his last deposit, he intends to withdraw $375 per month. If interest is 6% compounded monthly, for how long can...
-
James deposited $150 at the beginning of each month for 2 years into his savings account. For the next 4 years he did not make any more deposits, leaving the money in the account. The bank charges 4%...
-
You pay $993 at the beginning of each month for rent. Instead, you are going to purchase a house. You are going to make a 14% down payment and the remainder will be paid through a 25 year mortgage...
-
On July 31, 2019, the balances of the accounts appearing in the ledger of Serbian Interiors Company, a furniture wholesaler, are as follows: Prepare the July 31, 2019, closing entries for Serbian...
-
Read the facts of the case in Problem 2-51 to become familiar with the fraud involving Koss Corporation. From the Company's October 7, 2009, proxy statement (Def 14A filing with the SEC), we know the...
-
We know that induction will provide dependable results in the future because it has always worked in the past. Whatever has consistently worked in the past will continue to work in the future, and we...
-
You have recently been appointed sales manager of a company selling abrasives to the motor trade. Sales are declining and you believe that a major factor causing this decline is a lack of motivation...
-
The adjusted trial balance for Amit Company is given in E4-16. Instructions Prepare the closing entries for the temporary accounts at August 31.
-
X1155: Throwing an Exception The method below takes in a String parameter representing a username. It should throw an Exception if the username is less than 3 characters long. The method correctly...
-
As the PowerPoint lecture indicated, healthcare is a business in which money is brought in via payment for services and money is spent toward providing those services. Every effort is made to...
-
Read Todays Attacks and Defenses at the beginning of the chapter From the case project 67 Should the government require backdoors in cryptographic algorithms so that they can read communications...
-
How much a equity does a company with project with mean return of 5% of assets per year and the standard deviation of 5% of assets per year currently need to have in order to be 95% sure that its...
-
19. The riskless rate is 4.7%. There are five risky assets. Their expected returns are 11.3%, 7.8%, 9.2%, 13.6%, and 10.5%. Their standard deviations are 16.6%, 24.3%, 19.7%, 22.9%, and 18.3%. All of...
-
8. Sales and Growth (LO2) The most recent financial statements for Cariboo Co. are shown here: Statement of Comprehensive Income Statement of Financial Position Sales $49,000 Current Assets $ 21,000...
-
13. What risk factors should a team consider when deciding whether to build and fund a new venue? How are the risk factors different if a municipality is funding the construction?
-
1. You currently have $5,000 of savings. You wish to determine how much you would need to save every year (at end of year) during the next 25 years so that you have $500,000 in all your accounts at...
-
= In the Diffie-Hellman Key Exchange, let the public keys be p 79, g = 48, and the secret keys be a = 36 and b = 67, where a is Alice's secret key and b is Bob's secret key. What value does Alice...
-
Write the given system without the use of matrices. D) - ()- d (x sin t + 8 (2+ 1)
-
The accounting records of Galvin Architects include the following selected, unadjusted balances at March 31: Accounts Receivable, $1,100; Office Supplies, $1,000; Prepaid Rent, $1,000; Equipment,...
-
Prepare the statement of retained earnings for Drought Design Studio for the year ending December 31, 2016. The assets, liabilities, and equities of Drought Design Studio have the following balances...
-
Consider the December transactions for Crystal Clear Cleaning that were presented in Chapter 5. Crystal Clear uses the perpetual inventory system. Dec. 2 Purchased 475 units of inventory for $2,850...
-
Fill in the Blank. The curve traced by a typical point in the phase plane is called \(\mathrm{a}(\mathrm{n})\) _____________ .
-
Fill in the Blank. The velocity with which a representative point moves along a trajectory is called the ___________ velocity.
-
Fill in the Blank. The governing equation of a simple pendulum whose pivot is subjected to vertical vibration is called ___________ equation.
Study smarter with the SolutionInn App