Homework Answers
Answer. (A),$2000 favourable.
Static budget variance = diffrence between actual and static budget
Hence $50000- 48000 = $2000 favourable
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Trial Test for BA340 Final Exam 1) The following data are for Sandy Corporation: Flexible Budget...
the flexible budget variance for operation income is Favorable 13) /The following data are for Point...
the flexible budget variance for operation income is
Favorable 13) /The following data are for Point Corporation: A Flexible Budget for Actual Sales Activity 18,000 $360,000 216,000 $144,000 Static Budget Actual Units 18,000 $360,000 16,000 $320,000 Sales Variable costs 234,000 $126,000 76,000 $50,000 192,000 $128,000 Contribution margin Fixed costs 80,000 $64,000 80,000 $48,000 Operating income 2,000 The flexible budget variance for operating income is A) $14,000 Favorable C) $2,000 Favorable B) $14,000 Unfavorable D) $2,000 Unfavorable
Foreman Corporation used the following data to evaluate their current operating system. The company sells items...
Foreman Corporation used the following data to evaluate their current operating system. The company sells items for $ 35 each and used a budgeted selling price of $ 35 per unit. Actual Budgeted Units sold 50,000 units 48,000 units Variable costs $250,000 $216,000 $48,000 Fixed costs $50,000 What is the static-budget variance of variable costs? Lütfen birini seçin: a. $2,000 unfavorable b. $34,000 unfavorable c. $34,000 favorable d. $2,000 favorable e. $32,000 favorable
Use this flexible budget report for questions 7-11 Flexible Actual Budget Results Sales $960,000 $972,000 Variable...
Use this flexible budget report for questions 7-11 Flexible Actual Budget Results Sales $960,000 $972,000 Variable costs $192,000 $240,000 contribution margin 768000 732000 fixed costs 500000 490000 Net Income 268000 242000 What is the variable cost variance and is it favorable or unfavorable? There is no variance $48000 unfavorable $48,000 favorable O neither favorable or unfavorable
Question 1 (1 point) Sydney, Inc. uses flexible budgets. At normal capacity of 16,000 units, budgeted...
Question 1 (1 point) Sydney, Inc. uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing overhead is $128,000 variable and $360,000 fixed. If Sydney had actual overhead costs of $500,000 for 18,000 units produced, what is the difference between actual and budgeted costs? a) $16,000 favorable b) $4,000 unfavorable c) $12,000 unfavorable TY d) $4,000 favorable
Use this flexible budget report for questions 7-11 Flexible Actual Budget Results Sales $960,000 $972,000 Variable...
Use this flexible budget report for questions 7-11 Flexible Actual Budget Results Sales $960,000 $972,000 Variable costs $192,000 $240,000 contribution margin 768000 732000 fixed costs 500000 490000 Net Income 268000 242000 What is the sales variance an is it favorable or unfavorable? O neither favorable or unfavorable $12,000 favorable There is no variance $12000 unfavorable
Use this flexible budget report for questions 7-11 Flexible Actual Budget Results Sales $960,000 $972,000 Variable...
Use this flexible budget report for questions 7-11 Flexible Actual Budget Results Sales $960,000 $972,000 Variable costs $192,000 $240,000 contribution margin 768000 732000 fixed costs 500000 490000 Net Income 268000 242000 What is the fixed cost variance and is it favorable or unfavorable? $10000 unfavorable There is no variance $10,000 favorable O neither favorable or unfavorable
Answer the following questions using the information below: Lander Corporation used the following data to evaluate...
Answer the following questions using the information below: Lander Corporation used the following data to evaluate their current operating system. The company sells items for $18 each and used a budgeted selling price of $18 per unit. Actual Budgeted Units sold 41,000 units 40,000 units Variable costs $164,000 $156,000 Fixed costs $46,000 $48,000 What is the static-budget variance of revenues? options: $6,000 favorable $18,000 favorable $4,000 unfavorable $18,000 unfavorable
Can you show me how to get the answer? The following information is available for the...
Can you show me how to get the answer?
The following information is available for the Gabriel Products Company for the month of July: Static Budget Units 5,000 Sales revenue $60,000 Variable manufacturing costs $15,000 Fixed manufacturing costs $18,000 Variable marketing and administrative expense $10,000 Fixed marketing and administrative expense $12,000 Actual 5,100 $68,000 $16,000 $17,000 $11,000 $10,000 The static-budget variance for operating income for the month of July would be so é o oo $13,000 unfavorable. $9,000 unfavorable. $7,000...
Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (16,000 units) Cost of goods sold $3,328,000 $384,00e Direct materials Direct labor Production supplies Plant manager salary 688,000 416,000 184,000 1,672,000 Gross profit Selling expenses 1,656,000 Sales Commissions Packaging Advertising 128,000 256,000 100,000 484,000 Administrative expenses Administrative salaries Depreciation-office equip. 204,000 Insurance OTTice rent 234,000 174,000 184,000 96,900 Income from operations $ 376,000 Complete the following...
please see attaches dor question and multiple choice answers below: Winston Co. had two products code...
please see attaches dor question and multiple choice answers
below:
Winston Co. had two products code named X and Y. The firm had the following budget for August Sales Variable Costs Contribution Margin Fixed costs Operating Income Selling Price per unit Product X $286,000 189,800 $ 96,200 50,000 $ 46,200 $ 110.00 Product Y $520,000 218,400 $301,600 108,000 $193,600 $ 50.00 Total $806,000 408,200 $397,800 158,000 $239,800 On September 1, the following actual operating results for August were reported: Sales...
the flexible budget variance for operation income is
Favorable 13) /The following data are for Point Corporation: A Flexible Budget for Actual Sales Activity 18,000 $360,000 216,000 $144,000 Static Budget Actual Units 18,000 $360,000 16,000 $320,000 Sales Variable costs 234,000 $126,000 76,000 $50,000 192,000 $128,000 Contribution margin Fixed costs 80,000 $64,000 80,000 $48,000 Operating income 2,000 The flexible budget variance for operating income is A) $14,000 Favorable C) $2,000 Favorable B) $14,000 Unfavorable D) $2,000 Unfavorable
Foreman Corporation used the following data to evaluate their current operating system. The company sells items for $ 35 each and used a budgeted selling price of $ 35 per unit. Actual Budgeted Units sold 50,000 units 48,000 units Variable costs $250,000 $216,000 $48,000 Fixed costs $50,000 What is the static-budget variance of variable costs? Lütfen birini seçin: a. $2,000 unfavorable b. $34,000 unfavorable c. $34,000 favorable d. $2,000 favorable e. $32,000 favorable
Use this flexible budget report for questions 7-11 Flexible Actual Budget Results Sales $960,000 $972,000 Variable costs $192,000 $240,000 contribution margin 768000 732000 fixed costs 500000 490000 Net Income 268000 242000 What is the variable cost variance and is it favorable or unfavorable? There is no variance $48000 unfavorable $48,000 favorable O neither favorable or unfavorable
Question 1 (1 point) Sydney, Inc. uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing overhead is $128,000 variable and $360,000 fixed. If Sydney had actual overhead costs of $500,000 for 18,000 units produced, what is the difference between actual and budgeted costs? a) $16,000 favorable b) $4,000 unfavorable c) $12,000 unfavorable TY d) $4,000 favorable
Use this flexible budget report for questions 7-11 Flexible Actual Budget Results Sales $960,000 $972,000 Variable costs $192,000 $240,000 contribution margin 768000 732000 fixed costs 500000 490000 Net Income 268000 242000 What is the sales variance an is it favorable or unfavorable? O neither favorable or unfavorable $12,000 favorable There is no variance $12000 unfavorable
Use this flexible budget report for questions 7-11 Flexible Actual Budget Results Sales $960,000 $972,000 Variable costs $192,000 $240,000 contribution margin 768000 732000 fixed costs 500000 490000 Net Income 268000 242000 What is the fixed cost variance and is it favorable or unfavorable? $10000 unfavorable There is no variance $10,000 favorable O neither favorable or unfavorable
Can you show me how to get the answer?
The following information is available for the Gabriel Products Company for the month of July: Static Budget Units 5,000 Sales revenue $60,000 Variable manufacturing costs $15,000 Fixed manufacturing costs $18,000 Variable marketing and administrative expense $10,000 Fixed marketing and administrative expense $12,000 Actual 5,100 $68,000 $16,000 $17,000 $11,000 $10,000 The static-budget variance for operating income for the month of July would be so é o oo $13,000 unfavorable. $9,000 unfavorable. $7,000...
Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar year 2017 reveals the following Fixed Budget Sales (16,000 units) Cost of goods sold $3,328,000 $384,00e Direct materials Direct labor Production supplies Plant manager salary 688,000 416,000 184,000 1,672,000 Gross profit Selling expenses 1,656,000 Sales Commissions Packaging Advertising 128,000 256,000 100,000 484,000 Administrative expenses Administrative salaries Depreciation-office equip. 204,000 Insurance OTTice rent 234,000 174,000 184,000 96,900 Income from operations $ 376,000 Complete the following...
please see attaches dor question and multiple choice answers
below:
Winston Co. had two products code named X and Y. The firm had the following budget for August Sales Variable Costs Contribution Margin Fixed costs Operating Income Selling Price per unit Product X $286,000 189,800 $ 96,200 50,000 $ 46,200 $ 110.00 Product Y $520,000 218,400 $301,600 108,000 $193,600 $ 50.00 Total $806,000 408,200 $397,800 158,000 $239,800 On September 1, the following actual operating results for August were reported: Sales...
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