COTB MC Qu. 9-100 (Static) Assume that a company provided... Assume that a company provided the following excerpts of information from its flexible budget performance report Actual Results Flexible Planning Budget Budget Flights (91) B ? 9 Students (92) 260 7 270 Expenses: Administrative expense ($125 + $25091 + $3092) $ 8,900 ? $ 7 What is the administrative expense activity variance? Multiple Choice О $1,575 F О $225 F $1,125 F $550 F

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Question 2: (): A1, C2, C3 "In the annual meeting of Brixton company, the Head of the accounting department of the company suggested to the top Management to switch the budgetary system from Zero-based budget to Rolling budget " Required: What is the budgetary setting style in Brixton Company? And Briefly Explains the differences between Rolling budgetary and Zero-based budgets.

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Questions 6 ,7

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5 A budget prepared to give the budgeted cost of any level of activity is termed as a ___________. a. Rolling budget b. Fixed budget c. Annual budget d. Flexible budget

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Clark Company's master budget reflects budgeted sales information for the month of June, 2022 as follows: Product A Product B Budgeted Quantity 40,000 48,000 Budgeted Unit Sales Price $7 $9 During June, the company actually sold 39,000 units of Product A at an average unit selling price of $7.1 and 49,600 units of Product B at an average unit price of $8.9. Prepare a Sales Budget Report for the month of June for Clark Company which shows whether the company achieved its planned objectives.

1-Budget that is developed for a particular level of activity, it is: A-Standard budget C-Static budget B- Flexible budget D- Variable budget 2-A flexible budget is prepared: A- At the start budget period C- During the operating period B- At the end of the year D- At any time of the year