Question: PLEASE ANSWER ONLY IF YOU KNOW THE ANSWER IS RIGHT. A company's actual operating income for the current year is $50,000. The flexible budget operating

PLEASE ANSWER ONLY IF YOU KNOW THE ANSWER IS RIGHT.

A company's actual operating income for the current year is $50,000. The flexible budget operating income for actual volume achieved is $40,000, while the static budget operating income is $53,000. What is the sales volume variance for operating income?

		$13,000 favorable
		$10,000 unfavorable
		$13,000 unfavorable
		$10,000 favorable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The Thompson Toy Company manufactures toy building block sets for children. Thompson is planning for 2017 by developing a master budget by quarters. Thompsons balance sheet for December 31, 2016,...

Please wirte the full solution and write it carefully, especially the cost formula in 1 Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The...

Please answer both of the two questions and make it very clear what the answers are. Thank you. Exercise 9-9 Flexible Budget Performance Report [L03, L04] Auto Lavage is a Canadian company that owns...

I need help with 5-8 Thompson Toy Company Balance Sheet December 31, 2018 Assets Current Assets Cash $ 15,000 Accounts Receivable 40,000 Raw Materials Inventory 600 Finished Goods Inventory 5,000...

ABC Company reported actual operating income for the current year as $100,000. The flexible budget operating income for actual volume is $103,000, while the static budget operating income is...

Question 15 (2 points) Orange Company reported actual operating income for the current year as $65,000. The flexible budget operating income for actual volume is $59.000, while the static budget...

QUESTION 2 Spring Company reported actual operating income for the current year as $100,000. The flexible budget operating income for actual volume is 5103,000, while the static budget operating...

Please read carefully, all necessary information is attached, need to show work let me know if there is something missing. Microsoft word can be used thanks. You are Cindy, completing the analysis...

1. As the new accountant for Cohen & Company, you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains...

I just need the Standard Cost Income Statement More Info (Unless otherwise noted, assume all of the following events occurred during 2018 and that any balances given are stated as of December 31,...

Determine the missing amounts in each of the following independentcases. Case A Case B Case C Sales Beginning inventory, raw material Ending inventory, raw material180,000 Purchases of raw material...

Butane and acetone both have a molecular mass of 58, calculate the exact masses of these compounds and explain whether they can be distinguished by high-resolution mass spectrometry.

Which of the following transactions affects cash during the period

Match the different types of SPC charts to their application.

Explain what is involved in, and describe severalmodels of, careermanagement

Describe the role of supervisors in the various types of employee counseling programs

Explain how training and on-the-job experiences can be used to develop managers