Homework Help is Here – Start Your Trial Now!
Business
Accounting
4- Calculate the below variance: Static Budget 12000 1,620,000 312,000 264,000 306,000 Sales volume variance price) 338,000 Variable budget Flexible budget (Actual Quantity * Static 286,000 13000 1,755,000 338,000 286,000 331,500 Efficiency variable 26000 favorable 331,500 Efficiency variable Efficiency variable Flexible budget variance Actual Quantity x Static price 312,000 429,000 442,000 Actual 13000 1,950,000 Data Quantity sold Total revenues Variable cost 390,000 Direct material 478,500 Direct labor cost 390,000 Overhead cost Actual Cost (Actual Quantity x Actual Cost) 390,000 Price variance 478,500 Price variance 390,000 Price variance 52000 favorable

4- Calculate the below variance: Static Budget 12000 1,620,000 312,000 264,000 306,000 Sales volume variance price) 338,000 Variable budget Flexible budget (Actual Quantity * Static 286,000 13000 1,755,000 338,000 286,000 331,500 Efficiency variable 26000 favorable 331,500 Efficiency variable Efficiency variable Flexible budget variance Actual Quantity x Static price 312,000 429,000 442,000 Actual 13000 1,950,000 Data Quantity sold Total revenues Variable cost 390,000 Direct material 478,500 Direct labor cost 390,000 Overhead cost Actual Cost (Actual Quantity x Actual Cost) 390,000 Price variance 478,500 Price variance 390,000 Price variance 52000 favorable

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please provide the answer very fast. Thank You

4- Calculate the below variance: Sales volume variance Static Budget 12000 1,620,000 312,000 264,000 306,000 Variable budget 286,000 13000 1,755,000 Flexible budget (Actual Quantity * Static price) 338,000 331,500 338,000 286,000 331,500 Efficiency variable 26000 favorable Efficiency variable Efficiency variable Flexible budget variance Actual Quantity x Static price 312,000 429,000 442,000 Actual 13000 1,950,000 Data Quantity sold Total revenues Variable cost 390,000 Direct material 478,500 Direct labor cost 390,000 Overhead cost Actual Cost (Actual Quantity x Actual Cost) 390,000 Price variance 478,500 Price variance 390,000 Price variance 52000 favorable
Transcribed Image Text:4- Calculate the below variance: Sales volume variance Static Budget 12000 1,620,000 312,000 264,000 306,000 Variable budget 286,000 13000 1,755,000 Flexible budget (Actual Quantity * Static price) 338,000 331,500 338,000 286,000 331,500 Efficiency variable 26000 favorable Efficiency variable Efficiency variable Flexible budget variance Actual Quantity x Static price 312,000 429,000 442,000 Actual 13000 1,950,000 Data Quantity sold Total revenues Variable cost 390,000 Direct material 478,500 Direct labor cost 390,000 Overhead cost Actual Cost (Actual Quantity x Actual Cost) 390,000 Price variance 478,500 Price variance 390,000 Price variance 52000 favorable
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Risk Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS