Payable is a batch level activities Static Budget 1000000 $2,90 $100000 Activities Number of deliveries Batch size interm of deliveries Variable cost per batch Fixed O.H cost 1. Flexible Budget variance 2. Spending variance for var. 3. Efficiency variance for var. Actual 948000 4,466 2,80 $90000

Payable is a batch level activities Static Budget 1000000 $2,90 $100000 Activities Number of deliveries Batch size interm of deliveries Variable cost per batch Fixed O.H cost 1. Flexible Budget variance 2. Spending variance for var. 3. Efficiency variance for var. Actual 948000 4,466 2,80 $90000

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Description: Payable is a batch level activitiesStatic Budget1000000S$2,90$100000ActivitiesNumber of deliveriesBatch size interm ofdeliveriesVariable cost per batchFixed O.H cost1. Flexible Budget variance2. Spending variance for var.3. Efficiency variance for v

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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The following information relating to a company's overhead costs is available. Budgeted fixed overhead rate per machine hour Actual variable overhead Budgeted variable overhead rate per machine hour Actual fixed overhead Budgeted hours allowed for actual output achieved Based on this information, the total overhead variance is: Multiple Choice O O $69,000 favorable. $112,000 favorable. $43,000 unfavorable. $112,000 unfavorable. $43,000 favorable. $ 1.50 $ 99,000 $ 4.00 $ 20,000 42,000
Apparelle Co. developed the following equation to predict certain components of its budget for the coming period: Costs = $50,000 + ($5 x direct labor hours) The $5 would approximate:a. total costb. direct labor rate per hourc. fixed cost per direct labor hourd. variable costs per direct labor hour
1. How many pools did Surf Side originally think it would install in April? 2. How many pools did Surf Side actually install in April? 3. How many pools is the flexible budget based on? Why? 4. What was the budgeted sales price per pool? 5. What was the budgeted variable cost per pool? 6. Define the flexible budget variance. What causes it? 7. Define the volume variance. What causes it? 8. Fill in the missing numbers in the performance report.
S TB MC Qu. 16-41 (Algo) James Manufacturing had the following... James Manufacturing had the following information available for July: Actual Results 13,300 Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative Contribution margin What was James's flexible budget contribution margin for July? ere to search Multiple Choice $52,600 $50 750 O $ 90,750 ? $ 52,600 ? Sales Activity Variance 3,350 U ? $ 4,150 F $ 6,150 U Master Budget ? ? $ 123,900 $30,300 ? 37°F Cloudy ^-4
Correo Company had a static budgeted operating income of $8.6 million. Actual operating income was $6.4 million. The flexible budget operating income at the actual level of output is $7,000,000. What is the staticbudget variance of operating income? Question content area bottom Part 1 A. $1.6 million Unfavorable B. $1.6 million Favorable C. $2.2 million Favorable D. $2.2 million Unfavorable Please provide only typed answer solution no handwritten solution needed allowed.. Please do it neat and clean correctly.
Fill in the blanks with the variances and whether they are favorable or unfavorable. Format your answers with the number and capitalized F/U with no space in between (ex: 200.5F). Do not enter a dollar sign. Enter 0 if there is no variance. Actual Spending Variance Flexible Activity Variance Budgeted Units 285 0 285 35 250 Revenues 6,450 6,697.5 5,875 Direct Labor 2,700 2,707.5 2,375 Direct Materials 790 769.5 675 Manufacturing Overhead 1,060 1,197 1,050 S&A Expenses 171 171 150 Income 1,729 1,852.5 1,625
Use the given data shown in the graph. A. What is the budgeted fixed cost per period? B. What is the budgeted variance cost per unit? C. What is the value of F (that is, the flexible budget for an activity of 8,000 units)? D. What is the flexible budget cost amount if the actual activity had been 16,000 units?
Current Attempt in Progress Sandhill's, Inc. has provided you with the following financial information: Budgeted Actual Sales Quantity 8,100 8,300 Sales price per unit $6.50 $6.25 Variable product cost per unit 2.50 2.75 Selling expense (fixed) 5,100 8,100 Administrative expense (fixed) 17,100 16,100 Income tax expense 3,900 4,100 Prepare a flexible budget. SANDHILL'S, INC. Flexible Budget Sales Revenue
Required information [The following information applies to the questions displayed below.] AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level Answer is complete but not entirely correct. Standard overhead applied Budgeted (flexible) overhead Volume variance Volume Variance ✓ S $ Compute the volume variance and identify it as favorable or unfavorable. $ $ 28,525 $ 31,620 28,525 X 12,600 x (2,400) Unfavorable $ 2.10 per unit $ 12,600 12,600 units 10,200 units
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Sales in units Contribution margin Estimated demand Actual demand Calculate the following: Total sales-mix variances Question 9 O $200,000 U $800,000 U $200,000 F $(1,000,000) F Listen Static Budget Retall Wholesale 10,000 20,000 30,000 4,000,000 10,000,000 14,000,000 Sales in units Contribution margin Estimated demand Actual demand 400,000 units 350,000 units Static Budget Retail Wholesale 10,000 20,000 30,000 4,000,000 10,000,000 14,000,000 400,000 units 350.000 units Calculate the following: Total sales-quantity variances $(1,600,000) F $5,600,000 F $(4,000,000) F $5,600,000 U Total Total Wholesale 12,000 5,000,000 Wholesale 12,000 5,000,000 Actual Results Retall 30,000 1,200,000 Actual Results Retail 30,000 1,200,000 Total 42,000 6,200,000 Total 42,000 6,200,000