1. TJ Stones used the following data to evaluate their current operating system. The company sells...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. TJ Stones used the following data to evaluate their current operating system. The company sells items for $18 each and used a budgeted selling price of $18 per unit. Budgeted Actual Units sold 43,000 units 33,000 units Variable costs $166,000 $150,000 Fixed costs $41,000 $58,000 What is the static-budget variance of operating income? A) $164,000 favorable B) $164,000 unfavorable C) $181,000 favorable D) $181,000 unfavorable 1. TJ Stones used the following data to evaluate their current operating system. The company sells items for $18 each and used a budgeted selling price of $18 per unit. Budgeted Actual Units sold 43,000 units 33,000 units Variable costs $166,000 $150,000 Fixed costs $41,000 $58,000 What is the static-budget variance of operating income? A) $164,000 favorable B) $164,000 unfavorable C) $181,000 favorable D) $181,000 unfavorable
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
8 D D D D P P P P P P P P P P P 10 Functions What is defusion. What is osnosis What is Tornicity The power house of the cell functions of the plasma? What is facilitated defusion? do they need ATP?...
-
Companies must decide whose rate of return (i.e., local vs. parent currency returns) to use when evaluating foreign direct investment opportunities. Discuss the internal reporting dimensions of this...
-
= 1.75 + 0.25x a. Decide, at the 10% significance level, whether the data provide sufficient evidence to conclude that x is useful for predicting y. b. Find a 90% confidence interval for the slope of...
-
Use the information for Leyh Management Co. in Problem P13-53. a. Allocate the support department costs to the revenue-generating departments using the step method. b. Which department is apparently...
-
Nokia and Ericsson plan to introduce new handheld communications devices. However, they must decide whether to use their own software standard or a common third-party-developed standard. The...
-
Wildhorse Company expects to have a cash balance of $47,000 on January 1, 2022. Relevant monthly budget data for the first two months of 2022 are as follows: 1. Collections from customers: January...
-
New immigrants generally face an "entry effect" in terms of the wages they can expect to earn relative to a comparable local-born worker. Describe three factors that may contribute to this entry...
-
Which of the reasons for creating career development programs from the text do you feel are most valid, considering the cost of career development programs? Justify your choice.
-
The Tilt & Raise Blind Company was founded nearly 50 years ago in Miami, Florida. Despite having nearly 150 employees, its still managed like a small business. In the early days, there were only 10...
-
What is the term applied to the periodic cost of (a) ore removed from a mine, (b) the use of an intangible asset?
-
What might be the sweetest job in the world? Why not working alongside such tempting treats as chocolates, gummies, gumballs, buttered popcorn, cheesecake, candy corns, licorice, sour candies,...
-
Why is a physical count of fixed assets necessary?
-
Under normal situations, recyclers should NOT use which of the following methods as a strategy for the management of focus materials? A. Refurbishment B. Reuse C. Resale D. Incineration
-
The maximum pressure that can be developed for a certain fluid power cylinder is 15.0 MPa. Compute the required diameter for the piston if the cylinder must exert a force of 30 kN.
-
Describe the function of a dark pool.
-
Explain the difference between primary and secondary markets.
-
How has the ownership of UK shares changed over the past 50 years?
Study smarter with the SolutionInn App