Question: Please please please help me with my final exam, I need it to be 1 0 0 % correct, these are 3 questions. I really
Please please please help me with my final exam, I need it to be correct, these are questions.
I really really appreciate your help! Thank you so much!
Lenci Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the
company budgeted for units, but its actual level of activity was units. The company has provided the following data concerning the formulas used in its budgeting
and its actual results for May:
Data used in budgeting:
Actual results for May:
The spending variance for manufacturing overhead in May would be closest to:
Multiple Choice
$ U
$U
$ F
$ F
Dinham Kennel uses tenantdays as its measure of activity; an animal housed in the kennel for one day is counted as one tenantday. During March, the kennel budgeted for
tenantdays, but its actual level of activity was tenantdays. The kennel has provided the following data concerning the formulas used in its budgeting and its
actual results for March:
Data used in budgeting:
Actual results for March:
The overall revenue and spending variance ie the variance for net operating income in the revenue and spending variance column on the flexible budget performance
report for March would be closest to:
Multiple Choice
$ F
$ F
$U
$ U
Neeb Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During January, the
company budgeted for units, but its actual level of activity was units. The company has provided the following data concerning the formulas used in its budgeting
and its actual results for January:
Data used in budgeting:
Actual results for January:
The activity variance for selling and administrative expenses in January would be closest to:
Multiple Choice
$ U
$ U
$ F
$ F
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