Zenefit Corporation sold laser pointers for $11 each in 2017. Its budgeted selling price was $12...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Zenefit Corporation sold laser pointers for $11 each in 2017. Its budgeted selling price was $12 per unit. Other information related to its performance is given below: Units made and sold Variable costs Fixed costs Actual 28,000 $90,000 $55,000 Budgeted 27,500 $ $58,000 3 per unit Calculate Zenefit's static-budget variance for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Consider Zenefit Corporation. With the same information for 2017 as provided in Try It 7-1, calculate Zenefit's flexible budget for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Consider Zenefit Corporation again. With the same information for 2017 as provided in Try It 7-1, calculate Zenefit's flexible-budget and sales-volume variances for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Zenefit Corporation sold laser pointers for $11 each in 2017. Its budgeted selling price was $12 per unit. Other information related to its performance is given below: Units made and sold Variable costs Fixed costs Actual 28,000 $90,000 $55,000 Budgeted 27,500 $ $58,000 3 per unit Calculate Zenefit's static-budget variance for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Consider Zenefit Corporation. With the same information for 2017 as provided in Try It 7-1, calculate Zenefit's flexible budget for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income. Consider Zenefit Corporation again. With the same information for 2017 as provided in Try It 7-1, calculate Zenefit's flexible-budget and sales-volume variances for (a) revenues, (b) variable costs, (c) fixed costs, and (d) operating income.
Expert Answer:
Answer rating: 100% (QA)
a Staticbudget variance for revenues Actual revenues Units made and sold Actual selling price 28000 11 308000 Budgeted revenues Units made and sold Bu... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Abulafia Srl manufactures tyres for the Formula 1 motor racing circuit. For August 2018 Abulafia budgeted to manufacture and sell 3000 tyres at a variable cost of 74 per tyre and a total fixed cost...
-
Daytona Wheels is a Japanese tire manufacturer. For August 2021, it budgeted to manufacture and sell 3,000 tires at a variable cost of $74 per tire and total fixed costs of $54,000. The budgeted...
-
Question 5 [ 4 points ] In the table shown below is accounting equation information as it applies to Second Time Around Clothing. Calculate the missing amounts assuming that a . Assets decreased by $...
-
You drop a ball from a height of 2.0m, and it bounces back to a height of 1.5m. (a) What fraction of its initial energy is lost during the bounce? (b) What is the balls speed just as it leaves the...
-
Show that for a regular pyramid of height h and n sides (n = 3, 4,) the centroid of the volume of the pyramid is located at a distance h / 4 above the base.
-
What needs to be contained in the caption of a complaint?
-
Hanover Inc. spent £11.5 million building a factory in England in 1996 when the British Pound cost $1.5500. The plant operation was set up as a British subsidiary to manufacture Hanovers...
-
1 Solve: 2-x=x+25
-
After Chris completed the ratio analysis for S&S Air (see Chapter 3), Mark and Todd approached him about planning for next years sales. The company had historically used little planning for...
-
Tambaoan would like to save for a new plug-in hybrid vehicle. Starting in one month they will make monthly deposits of $700 into a fund that returns J12=6%. How much money will they have in 6years?
-
The availability and accessibility of education and training programs can affect the quality and skills of the labor force. How can investments in education impact the supply of skilled labor in the...
-
How can project managers foster cross-functional collaboration and knowledge sharing within geographically dispersed teams to enhance project outcomes?
-
What is IKEA current leadership theory and which theory is the best fits Is IKEA transformal; transactional or transprent leadership style (one from this) Use theories in IKEA leadership and...
-
What are the key elements of an effective project governance structure, and how does it influence decision-making processes, accountability, and project success?
-
2. The polynomial z+az + bz-65 has a factor of (-2-31) Find the values of the real constants and b.
-
How can Latin Americans expand their business relationships with Africa, the Middle East, and Russia?Elaborate.
-
(8%) Problem 6: A student attaches a f= 3.5 kHz oscillator to one end of a metal rail of length L = 25 m. The student turns on the oscillator and uses a piezoelectric gauge at the other end to...
-
In 2012, Margaret and John Murphy are married taxpayers who file a joint tax return with AGl of $25,000. During the year they incurred the following expenses: Hospitalization insurance...
-
Larry and Lisa Williams, both 33 years old, have been married for 9 years. They live at 638 Arctic Way, Fairbanks, AK 99701. Lisa's Social Security number is 445- 81-1423 and Larry's is 798-09-8526....
-
Patty Bayan is a single taxpayer living at 543 Space Drive, Houston, TX 77099. Her Social Security number is 466-33-1234. For 2012, Patty has no dependents, and her W-2 from her job at a local...
-
Explain what the following terms mean a. Accounts receivable f. Accounts payable b. Supplies g. Unearned service revenue c. Prepaid rent h. Service revenue d. Furniture i. Rent expense e. Accumulated...
-
Which columns of the accounting work sheet show unadjusted amounts? a. Trial balance b. Adjustments c. Income Statement d. Balance Sheet
-
Riley Insurance Agency reported the following items at May 31: Make Riley's closing entries, as needed, for these accounts. Sales and marketing expense Other assets Depreciation expense Long-term...
Study smarter with the SolutionInn App