KAffordable Smiles mobile dentist office budgeted for 4,320 patient visits a year. Affordable Smiles actually saw 4,480 patients during the year and they have provided the following data:Fixed Portion for Budget Variable Portion per Actual Resultspatient visit for BudgetRevenue$66.00$408,800Personnel Expenses$60,000$52,000Medical Supplies$13.00$38,100Occupancy Expenses$11,000$1.75$15,000Admin Expenses$18,000$0.50$19,650Based on the given information, what is the flexible budget variance for revenue?A. $10,560 UnfavorableB. $113,120 UnfavorableC. $113,120 FavorableD. $10,560 Favorable

Flexible Budget Variance-Flexible Budget Variance is the difference between the actual result and…

Answered: OA. $10,560 Unfavorable OB. $113,120…

Business

Accounting

OA. $10,560 Unfavorable OB. $113,120 Unfavorable OC. $113,120 Favorable OD. $10,560 Favorable

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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Snavely, Incorporated, manufactures and sells two products: Product E1 and Product A7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Product E1 Product A7 Total direct labor-hours Product E1 Product A7 The direct labor rate is $24.10 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit $ 282.00 $ 204.00 Activity Cost Pools Labor-related Machine setups Order size Expected Production 900 600 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Direct Labor- Total Direct Hours Per Unit Labor-Hours 1,800 2.0 1.0 600 2,400 Activity Measures DLHs setups MHS Estimated Overhead Cost $ 132,400 62,430 976,450 $ 1,171,280 Expected Activity Product E1 Product A7 1,800 1,000 3,700 600 600 3,400 Total 2,400 1,600 7,100 The total overhead applied to Product E1 under…
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