Select all that were the source for the Indirect Costs favorable efficiency variance.a. Actual indirect costs per direct labor hour was less than budgeted indirect cost per direct labor hour.b. Actual indirect costs per direct labor hour was greater than budgeted indirect cost per direct labor hour.c. Actual number of jobs completed was less than budgeted number of jobs.d. Actual number of jobs completed was greater than budgeted number of jobs.e. Actual number of direct labor hours per job was less than budgeted direct labor hours per job.f. Actual number of direct labor hours per job was greater than budgeted direct labor hours par job.QUESTION 5Select all that were the source for the Sales Activity favorable variance.a. Actual number of units completed was greater than budgeted number of units.b. Actual selling price per unit was less than budgeted.c. Actual number of units completed was less than budgeted number of units.d. Actual selling price per unit was greater than budgeted.

Name: Select all that were the source for the Indirect Costs favorable effi
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Select all that were the source for the Indirect Costs favorable efficiency variance.a. Actual indirect costs per direct labor hour was less than budgeted indirect cost per direct labor hour.b. Actual indirect costs per direct labor hour was greater

“Since you have posted multiple questions, we will provide the solution only to the first question…

Business

Accounting

QUESTION 5 Select all that were the source for the Sales Activity favorable variance. a. Actual number of units completed was greater than budgeted number of units. b. Actual selling price per unit was less than budgeted. c. Actual number of units completed was less than budgeted number of units. d. Actual selling price per unit was greater than budgeted.

QUESTION 5 Select all that were the source for the Sales Activity favorable variance. a. Actual number of units completed was greater than budgeted number of units. b. Actual selling price per unit was less than budgeted. c. Actual number of units completed was less than budgeted number of units. d. Actual selling price per unit was greater than budgeted.

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

Please do not give solution in image format thanku
The differences between actual and budgeted figures are known as type your answer... 2 Which of the following is true about unfavorable variances? Managers generally investigate only unfavorable variances as part of "management by exception." Unfavorable variances will always be negative numbers when subtracting actual figures minus budgeted figures. O Unfavorable variances should always be interpreted as “bad news" for the company. Unfavorable variances are variances that cause operating income to be lower than budgeted.
Please do not give solution in image format thanku
Which of the following statements about fixed overhead variances is FALSE? An unfavorable volume variance means that a firm’s production facilities were under-utilized by producing less units of products than budgeted. Fixed overhead variances consist of a budget variance and a volume variance. The volume variance is a measure of facility utilization. The budget variance represents the difference between the original budgeted fixed overhead cost and the applied fixed overhead cost during a period.
Can't figure out sales volume variance, please show work.
25
7 part 4
Question 4- Variance Analysis Required: The owners can see that the company sold a different amount of units than budgeted. They have asked vou to determine the flexible budget amounts and calculate the variances when comparing the flexible budget to the actual results S marksl. Flexible Budget Report Variance (show Static Flexible or Budget Budget Actual as positive Unfavorable Amount Amount Results amount) (U) Sales in Linits 6,500 6,200 Sales $ 650,000 650,000 Variable Cost 260,000 275,500 Foed Cost 26,000 25,000 Jet Operating Income 364 000 349,500
Please Do not Give image format
Brunel Ltd employed cheaper quality materials in its production process than originally planned. At the end of the budget period, the business reported: 1. An unfavourable direct materials usage variance 2. An unfavourable direct materials price variance 3. An unfavourable direct labour efficiency variance 4. A favourable sales price variance Which TWO of the above may be explained by the use of cheaper quality materials? OA. 1 and 2 OB. 2 and 4 OC. 3 and 4 OD. 1 and 3 C...
An unfavorable overhead volume variance Indicates: Multiple Choice The actual variable overhead rate was less than the standard rate. The actual variable overhead rate was greater than the standard rate. Actual production was less than budgeted. Actual production was more than budgeted. 券

Find the values of the missing items (a) through (x). Assume the actual sales volume equals actual production volume. Marketing and Administrative Sales Price Variance Variance Units Sales Revenue Less: Variable Manufacturing Costs Variable marketing and administrative costs Contribution margin Fixed manufacturing costs Fixed marketing and administrative costs Operating Profit PreviousNext Reported income statement (based on actual sales volume) Manufacturing variance (a) (g) (n) (q) (r) (t) $4,320 $3,600 (0) $1,800 U $ 400 F (u) (p) (s) (v) (w) $3,600 F (X) $3,600 F Flexible Budget (based on actual sales volume (b) (h) (m) Sales Activity Variance 4,000 F (1) $19,200 (i) $4,800 $800 U $12,000 (k) $3,000 $4,000 (1) Master Budget (based on budgeted sales volume) 20,000 $30,000 (c) (d) (e) (f) $16,000 $10,000