Question: Select all that apply A performance report shows that the planning revenue was $ 2 0 0 , 0 0 0 , the flexible budget

Select all that apply
A performance report shows that the planning revenue was $200,000, the flexible budget revenue was $225,000, and actual revenue was $223,000. Which of the following statements are true?
Multiple select question.
The activity variance is $25,000 Unfavorable.
The revenue variance is $2,000 Unfavorable.
The activity variance is $25,000 Favorable.
The revenue variance is $2,000 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!

Q:

please answer all 4 parts A report for Easterly Corporation's production department for the month of May follows: Production Department Cost Report For the Month Ended May 31 Actual Planning Results...

Q:

Consider the following performance of a division of the Mary Johnson Hospital System during 2013 (all numbers are in millions of $) against budget: The master budget was based on budgeted revenue per...

Q:

Flowing Bubbles, Inc. Income Statement Performance Report For the month ended July 31 Actual Flexible Budget Master Flexible Budget Volume Variance Variance Budget Output units Sales revenue Variable...

Q:

$16.509 $6.259 Data Revenue Cost of ingredients Wages and salaries Utilities Rent Miscellaneous + $10,400 $800 $2,200 $600 $0.20 g + $0.80 g Actual results: Revenue Cost of ingredients Wages and...

Q:

4 7 of 7 (comple Delaney Company manufacture bookbags and has provided the following information for Im Click the icon to view the information) 2018 Requirements 1. Prepare a feble budget performance...

Q:

The following data were collected by Bemidji Co for the month of June State budget data: Sales Variable costs Total fixed costs Actual puts Sales Variable costs Total fixed costs 1 units/unit $13.50...

Q:

Assume that a company provided the following excerpts of information from its flexible budget performance report: hetual Resulta Flexible Planning Budget Budget 2 50 55 Flights (9) Revenue (6220.000)...

Q:

Performance report: Actual results Revenue and spending variance Activity Flexible Budget Variances Planning budget Actual customers served 29000 29000 25000 Revenue $90,000 89900 77500 Expenses...

Q:

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene...

Q:

Good Morning PAtutor, Kindly find attach a copy of the questions that I spoke to you about. I also attach a copy of notes there. Look forward to heading from you. Broken Budgets? The traditional...

Q:

How many structural isomers are there for a five-member straight carbon chain with one double bond? For a six-member straight carbon chain with two double bonds?

Q:

The independent random variables X and Y have the means and standard deviations as given in the following table. Use these parameters to find the expected value and SD of the following random...

Q:

Which of the fol ving statements is correct regarding S Corporations? S Corporations are not permitted to have married taxpayers as shareholders. S Corporation status allows for shareholders of the S...

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....