Dasance, make sure to enter u in the appropriate neid. it ine variance is zero, do not select a saber. Hound your answers to the nearest whole odiar.)ActualFlexible-BudgetFlexibleSales-VolumeResultsVarianceBudgetVarianceUnits soldRevenues (sales)Variable costsContribution marginFixed costs$103,000695,250 $430,000$345,050 F S198,250 U103.000350,200 $231,750265,250246,75018,500 $ 14,95013,000 F44,200 F $29,250 U14,950 F014,950146,800 F161,750 UUOperating incomeCalculate the total static-budget variance to verify your work is accurate. Determine the labels and then enter the amounts to calculate the static-budget variance.(For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label. Abbreviation used: CM = contributionmargin.)118,45085,00033,450 $StaticBudgetF90,000306,000202,500Total static-budget variance103,50085,00018,500

A variance is the difference between a budgeted, planned or standard cost and the actual amount…

balance, make sure to enter in the appropriate ned it ine vanance is zero, do not select a saper Hound your answers to the nearest whole dosar.) Actual Flexible-Budget Flexible Results Variance Budget 103,000 695,250 $ 345,050 F S 430,000 198,250 U 146,800 F 161,750 U U $ 265,250 246,750 18,500 $ 14,950 Sales-Volume Variance $ 103,000 350,200 $ 231,750 Units sold Revenues (sales) $ Variable costs Contribution margin Fixed costs Operating income Calcolate the total static-budget variance to verify your work is accurate. Determine the labels and then enter the amounts to calculate the static-budget variance. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label. Abbreviation used: CM contribution margin) 13,000 F 44,200 F $ 29.250 U 14,950 F 0 118,450 85,000 33,450 $ 14,950 F Static Budget $ 90,000 306,000 202,500 Total static-budget variance 103,500 85,000 18,500

balance, make sure to enter in the appropriate ned it ine vanance is zero, do not select a saper Hound your answers to the nearest whole dosar.) Actual Flexible-Budget Flexible Results Variance Budget 103,000 695,250 $ 345,050 F S 430,000 198,250 U 146,800 F 161,750 U U $ 265,250 246,750 18,500 $ 14,950 Sales-Volume Variance $ 103,000 350,200 $ 231,750 Units sold Revenues (sales) $ Variable costs Contribution margin Fixed costs Operating income Calcolate the total static-budget variance to verify your work is accurate. Determine the labels and then enter the amounts to calculate the static-budget variance. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label. Abbreviation used: CM contribution margin) 13,000 F 44,200 F $ 29.250 U 14,950 F 0 118,450 85,000 33,450 $ 14,950 F Static Budget $ 90,000 306,000 202,500 Total static-budget variance 103,500 85,000 18,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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LO.8 (Appendix; Least squares regression) UpTop Mining has compiled the follcowing data to analyze utilitry costs: Month Machine Hours Utility cost January 200 $300 February 325 440 March 400 480 April 410 490 May 525 620 June 680 790 July 820 840 August 900 900 Use the least squares method to develop a formula for budgeting utility cost.
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