Beta Gamma Sigma, the business honor society, recently held a dinner dance. The original (static) budget and

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Beta Gamma Sigma, the business honor 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 8-6, page 316.
2. Provide possible explanations for thevariances.

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Introduction to Management Accounting

ISBN: 978-0133058789

16th edition

Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta

Question Posted: Nov 19, 2014 06:21 AM

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Beta Gamma Sigma, the business honor society, recently held a dinner dance. The original (static) budget and

Question:

Static Budget Actual Variance 75 Chicken dinners at $19.00 Beverages, $6 per person Club rental, $75 plus 8% tax Music, 3 hours at $250 per hour $2,625 1,425 S3,255 1,767 1 2 $630 F 342 U 16 U 81 125 UU $147 F 750 $ 81) $ 66

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1 2 If all costs had behaved as budgeted the extra 15 attendees would have produced an extra 150 of ...View the full answer

Introduction to Management Accounting

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