Question: 11:04 . LTE E MA accounting Chapter 9 - 2.d... Managerial accounting Chapter 9 - Assignment 2 Name Answer the following questions using the information
11:04 . LTE E MA accounting Chapter 9 - 2.d... Managerial accounting Chapter 9 - Assignment 2 Name Answer the following questions using the information below: Coroid Corporation used the following data to evaluate their current operating system. The company sells items for Sll each and had used a budgeted selling price of S12 per unit. Actual Budgeted Units sold 280,000 units 275,000 units Variable costs $900,000 $885.000 Fixed costs $ 55,000 $ 52,000 1) What is the static-budget variance of revenues? A) $55,000 favorable B) $220,000 favorable C) S220,000 unfavorable D) $55.000 unfavorable 2) What is the static-budget variance of variable costs? A) S12,000 favorable B) S12,000 unfavorable C) $15,000 favorable D) $15,000 unfavorable 3) What is the static-budget variance of operating income? A) $238.000 favorable B) S238,000 unfavorable C) S235,000 favorable D) $235,000 unfavorable Answer the following questions using the information below: Domose Inc. planned to use $150 of material per unit but actually used $147 of material per unit, and planned to make 1,100 units but actually made 900 units. 4) The flexible-budget amount for materials is A) $165.000 B) S135.000 C) S161,700 D) S132,300
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
