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Claremont Company specializes in seling refurbished copiers. During the month, the company sold 195 coplers at...
3- Claremont Company sells refurbished copiers. During the month, the company sold 180 copiers at an...
3- Claremont Company sells refurbished copiers. During the month, the company sold 180 copiers at an average price of $3,000 each. The budget for the month was to sell 175 copiers at an average price of $3,200. The expected total sales for 180 copiers were: Multiple Choice $540,000. $576,000. $525,000. $560,000. $550,000. 9- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000...
Identify the situation below that will result in a favorable variance. Multiple Choice Actual revenue is...
Identify the situation below that will result in a favorable variance. Multiple Choice Actual revenue is higher than budgeted revenue. ο Actual revenue is lower than budgeted revenue. ο Actual income is lower than expected income. ο Actual costs are higher than budgeted costs.
Last year, Small Company sold 10,000 units of its only product. If sales increase by 15%...
Last year, Small Company sold 10,000 units of its only product. If sales increase by 15% in the current year, how will unit variable cost and unit fixed cost be affected? Unit Variable Cost A) Remains constant B) Increases C) Decreases D) Remains constant E) Remains constant Unit Fixed Cost Remains constant Decreases Remains constant Decreases Increases A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E
A flexible budget performance report compares the differences between: Help Save & Exit Actual performance and...
A flexible budget performance report compares the differences between: Help Save & Exit Actual performance and budgeted performance based on actual sales volume. Actual performance over several periods Budgeted performance over several periods Actual performance and budgeted performance based on budgeted sales volume Actual performance and standard costs at the budgeted sales volume We were unable to transcribe this image$29,000 unfavorable $29,000 favorable $22,500 unfavorable. $52.500 favorable. $52,500 unfavorable Identify the situation below that will result in a favorable variance...
18) Barsness C serviced. purposes and th orporation is an oil well service company that measures...
18) Barsness C serviced. purposes and th orporation is an oil well service company that measures its output by the number of wells e actual results of operations for November. The company has provided th e following fixed and variable cost estimates that it uses for budgeting Actual Fixed Element Variable Element Total for Revenue Employee salaries and wages 56,800 Servicing materials Other expenses per Month per Well Serviced November S 4,400 190,100 S 1,100 S 103,400 $ 700 29,800...
Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000...
Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000 of variable costs. The flexible budget amounts of foed and variable costs for 10,000 units are: О $125,000 fixed and $102,500 variable. О $125,000 fixed and $123,000 variable. О $102.500 fixed and $150,000 variable. О $150,000 fixed and $123,000 variable. О S150,000 fixed and $102,500 variable. Preu A company provided the following direct materials cost information. Compute the total direct materials cost variance. $810,000...
The Lively Balloon Company produces party balloons that are sold in multi-pack cases. To follow is...
The Lively Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for August: (Click the icon to view the performance report in contribution margin format.) 0 Requirements Read the requirements. i Data Table - X Requirement 1. What is the budgeted sal The budgeted sales price per unit is $ U The Lively Balloon Company Actual vs. Budget Performance Report For the Month Ended August 31 Master...
Idbor. B) Unspecified labor. C) Indirect labor. D) Basic labor. E) Joint labor. 13) Last year,...
Idbor. B) Unspecified labor. C) Indirect labor. D) Basic labor. E) Joint labor. 13) Last year, Gordon Company sold 20.000 units of its only product. If sales increase by 20% in the current year, how will unit variable cost and total fixed cost be affected? Unit Variable Cost A) Remains constant B) Increases C) Decreases D) Remains constant E) Remains constant Total Fixed Cost Remains constant Decreases Remains constant Decreases Increases C) Choice B E) Choice D D) Choice E...
1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense...
1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense per unit? 3. What is the budgeted fixed cost for the period? 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 5. Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a...
1.) Based on a predicted level of production and sales of 29,000 units, a company anticipates...
1.) Based on a predicted level of production and sales of 29,000 units, a company anticipates total variable costs of $113,100, fixed costs of $29,000, and operating income of $203,580. Based on this information, the budgeted amount of fixed costs for 26,000 units would be: Multiple Choice $159,400. $232,580. $29,000. $113,100 $101,400 2.) Product A has a sales price of $21 per unit. Based on a 12,000-unit production level, the variable costs are $9 per unit and the fixed costs...
Identify the situation below that will result in a favorable variance. Multiple Choice Actual revenue is higher than budgeted revenue. ο Actual revenue is lower than budgeted revenue. ο Actual income is lower than expected income. ο Actual costs are higher than budgeted costs.
Last year, Small Company sold 10,000 units of its only product. If sales increase by 15% in the current year, how will unit variable cost and unit fixed cost be affected? Unit Variable Cost A) Remains constant B) Increases C) Decreases D) Remains constant E) Remains constant Unit Fixed Cost Remains constant Decreases Remains constant Decreases Increases A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E
A flexible budget performance report compares the differences between: Help Save & Exit Actual performance and budgeted performance based on actual sales volume. Actual performance over several periods Budgeted performance over several periods Actual performance and budgeted performance based on budgeted sales volume Actual performance and standard costs at the budgeted sales volume We were unable to transcribe this image$29,000 unfavorable $29,000 favorable $22,500 unfavorable. $52.500 favorable. $52,500 unfavorable Identify the situation below that will result in a favorable variance...
18) Barsness C serviced. purposes and th orporation is an oil well service company that measures its output by the number of wells e actual results of operations for November. The company has provided th e following fixed and variable cost estimates that it uses for budgeting Actual Fixed Element Variable Element Total for Revenue Employee salaries and wages 56,800 Servicing materials Other expenses per Month per Well Serviced November S 4,400 190,100 S 1,100 S 103,400 $ 700 29,800...
Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000 of variable costs. The flexible budget amounts of foed and variable costs for 10,000 units are: О $125,000 fixed and $102,500 variable. О $125,000 fixed and $123,000 variable. О $102.500 fixed and $150,000 variable. О $150,000 fixed and $123,000 variable. О S150,000 fixed and $102,500 variable. Preu A company provided the following direct materials cost information. Compute the total direct materials cost variance. $810,000...
The Lively Balloon Company produces party balloons that are sold in multi-pack cases. To follow is the company's performance report in contribution margin format for August: (Click the icon to view the performance report in contribution margin format.) 0 Requirements Read the requirements. i Data Table - X Requirement 1. What is the budgeted sal The budgeted sales price per unit is $ U The Lively Balloon Company Actual vs. Budget Performance Report For the Month Ended August 31 Master...
Idbor. B) Unspecified labor. C) Indirect labor. D) Basic labor. E) Joint labor. 13) Last year, Gordon Company sold 20.000 units of its only product. If sales increase by 20% in the current year, how will unit variable cost and total fixed cost be affected? Unit Variable Cost A) Remains constant B) Increases C) Decreases D) Remains constant E) Remains constant Total Fixed Cost Remains constant Decreases Remains constant Decreases Increases C) Choice B E) Choice D D) Choice E...
1. What is the budgeted sales price per unit? 2. What is the budgeted variable expense per unit? 3. What is the budgeted fixed cost for the period? 4. Compute the master budget variances. Be sure to indicate each variance as favorable (F) or unfavorable (U.) 5. Management would like to determine the portion of the master budget variance that is (a) due to volume being different than originally anticipated, and (b) due to some other unexpected cause. Prepare a...
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