Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $80 per unit and variable costs of $35 per unit. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Actual Results Flexible Budget (10,800 units) S Answer is not complete. 923,400 399,000 486,000 270,000 248,400 Variances 945,000 $ 21,000 351,000 594,000 285,000 (10,800 units) Favorable or Unfavorable Favorable

Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $80 per unit and variable costs of $35 per unit. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. For Month Ended June 30 Sales Variable costs Contribution margin Fixed costs Income Flexible Budget Performance Report Actual Results Flexible Budget (10,800 units) S Answer is not complete. 923,400 399,000 486,000 270,000 248,400 Variances 945,000 $ 21,000 351,000 594,000 285,000 (10,800 units) Favorable or Unfavorable Favorable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Assume a world that meets all assumptions of the portfolio theory. In this world we solely trade in securities A and B like depicted in the graph below. Short selling is allowed. xA and XB indicate the proportions of security A and B within a portfolio respectively. P1, P2, P3 and P4 represent portfolios that can be created by trading (either long and/or short) in securhies A and B. P3 is the portfolio with the lowest risk; the risk of P3 is 0%. The risk of security A and B is measured by the standard deviation of the returns in the particular security and equals 20% for both. The correlation coefficient of the returns between A and B is -1. 40% P1 E(R) A 30% P2 20% P3 10% P4 ++ 30% 0% 10% 20% 40% O(R) Question: Indicate which statements are correct. Take into account that everything is possible, from all correct to all wrong.
Explain the Internal Rate of Return (IRR). Write down in your language what you understood. Don’t write the definition directly from the book.
Your solution is wrong see the answers at bottom of the question
*Question:- r what is anticulation of the Pinarcial statement meons Elaborate.
Please show how IRR was being calculated. Excel is not helping because doesn't show how the IRR is calculated.
What is the formula used for the questions without using excel?
Explain negative confirmation and positive confirmation.
i don't understand the written solution
It says they answers are wrong from your example.