1. Calculate and fill in the missing numbers below. 2. Suggest one possible explanation for each...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. Calculate and fill in the missing numbers below. 2. Suggest one possible explanation for each of the variances. (B) (C) Sales - units Sales - revenue Variable expense Contrib. margin Fixed expense Inc. from operations Interest expense Inc. before taxes Income taxes Net income (A) Master budget 25,000 $1,250,000 (750,000) 500,000 (400,000) 100,000 (10,000) 90,000 (18,900) 71,100 Volume variances (C-A) Flexible budget (410,000) (9,000) (D) Flexible budget variances (E-C) (E) Actual results 26,000 $1,352,000 (793,000) 559,000 (410,000) 149,000 (9,000) 140,000 (30,800) 109,200 1. Calculate and fill in the missing numbers below. 2. Suggest one possible explanation for each of the variances. (B) (C) Sales - units Sales - revenue Variable expense Contrib. margin Fixed expense Inc. from operations Interest expense Inc. before taxes Income taxes Net income (A) Master budget 25,000 $1,250,000 (750,000) 500,000 (400,000) 100,000 (10,000) 90,000 (18,900) 71,100 Volume variances (C-A) Flexible budget (410,000) (9,000) (D) Flexible budget variances (E-C) (E) Actual results 26,000 $1,352,000 (793,000) 559,000 (410,000) 149,000 (9,000) 140,000 (30,800) 109,200
Expert Answer:
Answer rating: 100% (QA)
Based on the provided image showing a budget variance analysis there are several missing numbers to fill in and we need to calculate the variances The master budget column A includes expectations the ... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
Students also viewed these accounting questions
-
A sales manager for a large construction equipment company has offices in four Saudi Arabia cities. As part of the monthly assignment, the manager wants a salesman from each office to fly and meet...
-
Reconsider Problem 16, but assume instead that the marginal cost of each program is $25. Will bundling or independent be more profitable? Now consider the possibility of offering a bundle and selling...
-
As CEO of your company, youve been going over your financial statements and have noticed something disturbing. You perform a horizontal analysis and find that sales have been increasing at a rate of...
-
1. A resistor and a capacitor are used in series to control the timing in the circuit of a heart pacemaker. To design a pacemaker that can double the heart rate when the patient is exercising, which...
-
How do management accountants help managers to operationalize data science models?
-
On June 14, 1988, Thomas John Heck Jr. executed a note promising to pay Paul D. Heck \($51,000\) at 7 percent interest compounded annually. The note contains the following payment terms: Perpetual 90...
-
Three different plans for financing a $40,000,000 corporation are under consideration by its organizers, under each of the following plans, the securities will be issued at their par of face amount,...
-
Your client, Gabe, needs to calculate the business part of his real estate taxes. How can Gabe calculate the business part of his real estate taxes? Unset starred question Add the real estate taxes...
-
Use the 3 step Mathematical Induction process to prove the following statements. You must label and show all three steps. Step 1: Prove n = 1 is true Step 2: Assume true for all n = k Step 3: plug in...
-
Implement the following C procedure in RISC-V assembly. Hint: Remember that the stack pointer must remain aligned on a multiple of 16 Int fib(int n) {if n= 0) return 0; Else if (n=1) return 1; Else...
-
Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 380 units from the January 30 purchase, 5 units...
-
Given the following data for work packages in a PERT/Cost network at week 18: Activity Immediate Budgeted Budgeted Percent Expense Predecessors Time Cost Completed To Date (weeks) (planned) A 12...
-
______________ between mentors and trainees is crucial for honesty and understanding. Group of answer choices Gossiping History Background checks Dialogue
-
4. Consider a manufacturing plant which produces 280,000 units for $350,000 and 560,000 units for $420,000. Each unit can be sold for $3.6 (15 points) a. Find the cost, revenue, and profit functions....
-
Find the absolute maximum and minimum for the followings over the specified interval ii) f(x) = 3-x i) f(t) = |3t 4| on [-3,3] on (0, 2) %3D 2-x
-
Classify each of the following activities as proper or prohibited under the various consumer statutes you have studied. a. Calling a hospital room to talk to a debtor who is a patient there. b....
-
What is a statistical control chart, and how is it used?
-
What is meant by the dividend yield on a common stock investment?
-
Various costs associated with manufacturing operations are given below: 1. Plastic washers used to assemble autos. 2. Production superintendents salary. 3. Wages of workers who assemble a product. 4....
-
Describe the issues that you considered in each of these facets when you made a recent important purchase.
-
The area of a rectangle is calculated according to the following formula: Design a function that accepts a rectangles width and length as arguments and returns the rectangles area. Use the function...
-
Design a program that gives simple math quizzes. The program should display two random numbers that are to be added, such as: The program should allow the student to enter the answer. If the answer...
Study smarter with the SolutionInn App