10 A company's master budget for October is to manufacture and sell 30,000 units, for a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
10 A company's master budget for October is to manufacture and sell 30,000 units, for a total sales revenue of $270,000, total variable costs of $180,000, and total fixed costs of $24,000. The company actually manufactured and sold 32,000 units, and generated $45,000 of operating income in October. The total flexible-budget (FB) variance for operating income in October, to the nearest dollar, was: 10 Multiple Choice $21,000 unfavorable. $15,400 unfavorable. $27,000 unfavorable. $6,000 unfavorable. $3,600 unfavorable. 10 A company's master budget for October is to manufacture and sell 30,000 units, for a total sales revenue of $270,000, total variable costs of $180,000, and total fixed costs of $24,000. The company actually manufactured and sold 32,000 units, and generated $45,000 of operating income in October. The total flexible-budget (FB) variance for operating income in October, to the nearest dollar, was: 10 Multiple Choice $21,000 unfavorable. $15,400 unfavorable. $27,000 unfavorable. $6,000 unfavorable. $3,600 unfavorable.
Expert Answer:
Answer rating: 100% (QA)
Budgeted units30000 Revenue270000 variable cost180000 fastened cost24000 Revenue per unit2700003000... View the full answer
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date:
Students also viewed these general management questions
-
A new company, is being established to manufacture and sell an electronic tracking device: the Trackit. The owners are excited about the future profits that the business will generate. They have...
-
Shimano Company has an opportunity to manufacture and sell one of two new products for a five-year period. The companys tax rate is 30% and its after-tax cost of capital is 14%. The cost and revenue...
-
Shimano Company has an opportunity to manufacture and sell one of two new products for a five year period. The company's tax rate is 30% and its after-tax cost of capital is 14%. The cost and revenue...
-
Which of the following divisions of plants does NOT have a well differentiated body? A) Gymnosperms B) Bryophyta C) Thallophyta D) Pteridophyta
-
What is the formula for determining cash flow available for debt service?
-
Three different instrument panel configurations were tested by placing airline pilots in flight simulators and testing their reaction time to simulated flight emergencies. Eight pilots were assigned...
-
Empire Oil Company, an integrated oil company, operates throughout the United States. Empire's treasury department is made up of two sections. One section handles cash receipts, and one section...
-
Why did lagging depreciation legislation increase the importance of using capital funds optimally? MINI CASE Heublein, Inc., develops, manufactures, and markets consumer food and beverage products...
-
Watch the clip from HBO's Chernobyl and respond to the questions below using complete sentences....
-
Trapezoidal rule and or Simpson's 1/3rd rule are commonly used to find the approximate surface area of the agricultural land or some irregular surfaces. In this project you need to design a township...
-
A production line is to be designed to make 800 El-More dolls per day. Each doll requires 11 activities totaling 16 minutes of work. The factory operates 540 minutes per day. What is the required...
-
Compute A6 for 0 a b A = 0 0 C 000
-
FSB Ltd has a new project under consideration which will cost $10,000,000. The project is expected to generate before-tax cash flows of $2,500,000 forever. FSB Ltd is currently operating at its...
-
Active Life Ltd has decided to manufacture a new line of running shoes based on a $50,000, two-year feasibility study. The shoes will sell for $85 a pair and has a variable cost of $30 a pair. It is...
-
Trahan Lumber Company hired you to help estimate its cost of capital. You obtained the following data: D 1 = $0.65; P 0 = $20.00; g = 3.50% (constant); and F = 6.00%. What is the cost of equity...
-
A bond is available for purchase in the financial markets. The bond is a 3-year, $1,000 bond that pays an annual coupon of 10 percent. What is the duration of the bond if the current...
-
( 1 ) Consider the following Food Ordering System 1. The Food Ordering system interacts with customer, manager, supplier and kitchen. 2. A customer can place an Order and receive bill. 3. The Order...
-
On October 1, 2014, the Dow Jones Industrial Average (DJIA) opened at 17,042 points. During that day it lost 237 points. On October 2 it lost 4 points. On October 3 it gained 209 points. Deter-mine...
-
Walker Company had total revenue and expense numbers of $1,500,000 and $1,200,000, respectively, in the current year. In addition, the company had a gain of $230,000 that resulted from the passage of...
-
Identify the following expenditures as capital expenditures or revenue expenditures: a. Immediately after acquiring a new delivery truck, paid $195 to have the name of the store and other advertising...
-
The credit manager of Montour Fuel has gathered the following information about the companys accounts receivable and credit losses during the current year: Net credit sales for the year . . . . . . ....
-
What is a computer service center? Are the auditors of a client that uses a service center concerned about the controls applied at the organization? Explain.
-
What is a dual-purpose test?
-
If you were preparing a credit sales system flowchart, what document would you show as: a. The source for posting debits to a customers account in the accounts receivable ledger? b. Authorization to...
Study smarter with the SolutionInn App