Tanker Tech-Tethers produces an electronic dog collar. The annual budget for the collar production in the current
Question:
Prepare an end-of-year budget variance report using:
¢ Static budgeting
¢ Flexible budgeting
Which of the two budgetary approaches is better? Which best reflects the performance of the production manager? Explain your reasoning.
Transcribed Image Text:
Actual 3900 units Budget |4000 units Production and sales Variable production costs |$640,000 |$480,000 |S631,800 |5483,000 Fixed production costs
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
The variance report using static budgeting is provided below The calculations use...View the full answer
Answered By
Gauri Hendre
I worked as EI educator for Eduphy India YT channel. I gave online tutorials to the students who were living in the villages and wanted to study much more and were preparing for NEET, TET. I gave tutions for topics in Biotechnology. I am currently working as a tutor on course hero for the biochemistry, microbiology, biology, cell biology, genetics subjects. I worked as a project intern in BAIF where did analysis on diseases mainly genetic disorders in the bovine. I worked as a trainee in serum institute of India and Vasantdada sugar institute. I am working as a writer on Quora partner program from 2019. I writing on the topics on social health issues including current COVID-19 pandemic, different concepts in science discipline. I learned foreign languages such as german and french upto A1 level. I attended different conferences in the science discipline and did trainings in cognitive skills and personality development skills from Lila Poonawalla foundation. I have been the member of Lila poonawalla foundation since 2017. Even I acquired the skills like Excel spreadsheet, MS Office, MS Powerpoint and Data entry.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Question Posted:
Students also viewed these Corporate Finance questions
-
Pointless Luxuries Inc. (PLI) produces unusual gifts targeted at wealthy consumers. The company is analyzing the possibility of introducing a new device designed to attach to the collar of a cat or...
-
The most recent balance sheet for the Armadillo Dog Biscuit Co. Inc. is shown in the following table. The company is about to embark on an advertising campaign, which is expected to raise sales from...
-
The Medford Mug Company is an old-line maker of ceramic coffee mugs. It imprints company logos and other sayings on mugs for both commercial and wholesale markets. The firm has the capacity to...
-
Write a reflective paper about Disability Network West Michigan
-
Give in your own words an interpretation as a true proposition of a typical row from each of your answers to Exercise 1.5:
-
On June 30, 2013, Rosetta Granite purchased a machine for $120,000. The estimated useful life of the machine is eight years and no residual value is anticipated. An important component of the machine...
-
The following stacked time traces from four separate motors identify one as experiencing impacts in the ball bearing. What is the separation in the impacts in this time waveform? Acceleration in G-s...
-
Ontario, Inc.s inventory records for a particular development program show the following at January 31: At January 31, eight of these programs are on hand. Journalize the following for Ontario, Inc:...
-
Does the histogram show that the sales per square foot distribution is symmetric? If the sales per square foot distribution is not symmetric, what is the skew? If there are any outliers, which...
-
Write a program named TemperaturesComparison that allows a user to input five daily Fahrenheit temperatures that must range from ?30 to 130; if a temperature is out of range, require the user to...
-
1) Green Corporation reported the following activity during the year: Gross Profit $68,360,820 Operating Expenses $49,001,726 Dividends Received $373,000 (from 12% owned corporation) a) Calculate the...
-
Having fewer customers in business markets in comparison with consumer markets: a. Increases product diversity b. Makes it easy to identify prospective buyers c. Reduces the attention required to be...
-
Your storage firm has been offered $98,000 in one year to store some goods for one year. Assume your costs are $95,000, payable immediately, and the cost of capital is 8.7%. Should you take the...
-
Johnson Grocery Store sells different types of dish soap. If Sunshine dish soap has a sales price of $14 per bottle and the variable cost is $4 per bottle, what would be the contribution margin per...
-
Jacob is currently working with a life insurance company as a senior sales executive (Insurance Agent). He has been working in that company for more than five years and had earlier worked with...
-
Because most diesels use almost identical fuel systems mostly made by one manufacturer, the output hardware does not vary significantly. The PCM uses a combination of signals and electrical impulses...
-
A barbershop staffed with only one barber receives an average of 20 customers per day. The mean service time averages about 20 minutes per customer. Assuming that the customer arrival follows a...
-
Air cooling takes place when heat from a running engine is transferred from fins to the surrounding air. The rate at which this cooling takes place depends on four [4] requirements. What are they?
-
Replace the question mark by or = whichever is correct. -1 ? -2
-
The Place-Plus real estate development firm in Problem 24 is dissatisfied with the economists estimate of the probabilities of future interest rate movement, so it is considering having a financial...
-
Find Io in the network in figure using super position. 6 kn 3 kn 3 kn 6v(+ 2 kn 2 mA +1)
-
In the network in figure Io using super position 6 kn 6 kn 12 v(+ 12 V 6 mA 36kn 6 kn
-
Find Io in the circuit in figure using super position. 6 kn 2 kn 2 kn ww 30 v (+ 12 kn C2 kn 30 mA
-
1. Q: What is Docker? 2. Q: What is a data lake? 3. Q: What is a NoSQL database? 4. Q: What is a software development methodology? 5. Q: What is cross-platform development? 6. Q: What is Moore's Law?...
-
1. Q: What is virtual memory? 2. Q: What is a hash function? 3. Q: What is A/B testing? 4. Q: What is machine learning? 5. Q: What is a software patch? 6. Q: What is the difference between symmetric...
-
1. Q: What is RAID (Redundant Array of Independent Disks)? 2. Q: What is a digital signature? 3. Q: What is cloud storage? 4. Q: What is responsive web design? 5. Q: What is the difference between...
Study smarter with the SolutionInn App