Homework Answers
Add Answer to:
Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data from its operation for...
Multiple Choice $480 favorable. $1,000 unfavorable. $1,000 favorable. $1,520 unfavorable. $2,000 favorable. Pokeman Bunch Inc., manufactures...
Multiple Choice
$480 favorable.
$1,000 unfavorable.
$1,000 favorable.
$1,520 unfavorable.
$2,000 favorable.
Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data from its operation for the year just completed. Flexible Budget A Actual 1,460 $97,000 Master Budget 1,160 $19, 2007 $55,680 Units Sales (dollars) Variable cost Contribution Margin Fixed cost Operating income $1,000 $5,040 $14,000 The total operating-income variance, to the nearest dollar, is:
Joyson Inc., manufactures dolls and has the following data from its operation for the year just...
Joyson Inc., manufactures dolls and has the following data from
its operation for the year just completed.
What is the sales volume variance in terms of operating income
(to the nearest dollar):
Flexible Master Actual Budget В Budget 1,260 1,560 $102,000 Units Sales (dollars) $20,700 F $66,780 Variable cost Е Contribution Margin $1,500 U D $5,090 Fixed cost 15,300 Operating income cl
the flexible budget variance for operation income is Favorable 13) /The following data are for Point...
the flexible budget variance for operation income is
Favorable 13) /The following data are for Point Corporation: A Flexible Budget for Actual Sales Activity 18,000 $360,000 216,000 $144,000 Static Budget Actual Units 18,000 $360,000 16,000 $320,000 Sales Variable costs 234,000 $126,000 76,000 $50,000 192,000 $128,000 Contribution margin Fixed costs 80,000 $64,000 80,000 $48,000 Operating income 2,000 The flexible budget variance for operating income is A) $14,000 Favorable C) $2,000 Favorable B) $14,000 Unfavorable D) $2,000 Unfavorable
#3 only. 14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance;...
#3 only.
14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance; Spreadsheet Application The following information is available for Brownstone Products Company for the month of July Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Actual Master Budget 3.800 4,000 $53,200 $60,000 19.000 16,000 16.000 15,000 7,700 8,000 10.000 9,000 Required 1. What was the total operating income variance for July, rounded to the...
The following information is available for Brownstone Products Company for the month of July: Units Sales...
The following information is available for Brownstone Products Company for the month of July: Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Master Actual Budget 3,900 3,200 $55,800 $60,000 10,900 16,000 12,800 13,800 7,400 8,000 8,800 10,450 Required: 1. What was the total operating income variance for July? (Note: this variance is also called the master (static) budget variance for the period.) Was this variance favorable (F) or unfavorable...
Solid Box Fabrications manufactures boxes for workstations. The firm’s standard cost sheet prior to October of...
Solid Box Fabrications manufactures boxes for workstations. The
firm’s standard cost sheet prior to October of the current year and
actual results for October are as follows:
Required information {The following information applies to the questions displayed below.] Solid Box Fabrications manufactures boxes for workstations. The firm's standard cost sheet prior to October of the current year and actual results for October are as follows: Budget Information Standard Price and Variable Fixed Costs per Unit Costs Actual Results October 9,500...
Robinson Company has two products, A and B. Robinson's budget for August follows: Sales Variable cost...
Robinson Company has two products, A and B. Robinson's budget for August follows: Sales Variable cost Contribution margin Fixed cost Operating income Selling price Master Budget Product A Product B $264,000 $396,000 154,000 264,000 $110,000 $ 132,000 88,000 66,000 $ 22,000 $ 66,000 $ 120 $ 60 On September 1, these operating results for August were reported: Sales Variable cost Contribution margin Fixed cost Operating income Units sold Operating Results Product A Product B $198,000 $ 446,400 117,000 309,600 $...
Silicon Inc. has provided the following information for the year ended December 31, Year 1. Master Budget Actual Co...
Silicon Inc. has provided the following information for the year ended December 31, Year 1. Master Budget Actual Costs 5,000 units 4,500 units Direct materials $ 35,000 $ 32,500 Direct labor 15,000 12,500 Variable manufacturing overhead 8,000 7,800 Fixed manufacturing overhead 16,000 17,500 Total manufacturing cost $ 74,000 $ 70,300 Knowledge Check 01 What is the direct materials spending variance? $1,000 favorable $1,000 unfavorable $3,500 favorable $3,500 unfavorable Knowledge Check 02 What is the direct labor volume variance? $2,500 favorable...
10.8 Kanco Industries has a relevant range extending to 31,000 units each month. The following performance...
10.8
Kanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Kanco's budget and actual performance for June. (Click the icon to view the performance report.) Requirement Fill in all missing numbers in the table. Be sure to label any variances as favorable or unfavorable. (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "0". Label each variance as favorable (F) or unfavorable...
The following information is available for Brownstone Products Company for the month of July: Master Budget...
The following information is available for Brownstone Products Company for the month of July: Master Budget Actual Units 4,000 $60, 200 $60,000 16,000 13,900 3,900 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses 20,000 14,900 8,700 8,000 10,100 10,000 Required: 1. What was the total operating income variance for July? (Note: this variance is also called the master (static) budget variance for the period.) Was this variance favorable (F) or...
Multiple Choice
$480 favorable.
$1,000 unfavorable.
$1,000 favorable.
$1,520 unfavorable.
$2,000 favorable.
Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data from its operation for the year just completed. Flexible Budget A Actual 1,460 $97,000 Master Budget 1,160 $19, 2007 $55,680 Units Sales (dollars) Variable cost Contribution Margin Fixed cost Operating income $1,000 $5,040 $14,000 The total operating-income variance, to the nearest dollar, is:
Joyson Inc., manufactures dolls and has the following data from
its operation for the year just completed.
What is the sales volume variance in terms of operating income
(to the nearest dollar):
Flexible Master Actual Budget В Budget 1,260 1,560 $102,000 Units Sales (dollars) $20,700 F $66,780 Variable cost Е Contribution Margin $1,500 U D $5,090 Fixed cost 15,300 Operating income cl
the flexible budget variance for operation income is
Favorable 13) /The following data are for Point Corporation: A Flexible Budget for Actual Sales Activity 18,000 $360,000 216,000 $144,000 Static Budget Actual Units 18,000 $360,000 16,000 $320,000 Sales Variable costs 234,000 $126,000 76,000 $50,000 192,000 $128,000 Contribution margin Fixed costs 80,000 $64,000 80,000 $48,000 Operating income 2,000 The flexible budget variance for operating income is A) $14,000 Favorable C) $2,000 Favorable B) $14,000 Unfavorable D) $2,000 Unfavorable
#3 only.
14-23 Flexible Budgets; Total Operating Income Variance; Breakdown of the Total Operating Income Variance; Spreadsheet Application The following information is available for Brownstone Products Company for the month of July Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Actual Master Budget 3.800 4,000 $53,200 $60,000 19.000 16,000 16.000 15,000 7,700 8,000 10.000 9,000 Required 1. What was the total operating income variance for July, rounded to the...
The following information is available for Brownstone Products Company for the month of July: Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Master Actual Budget 3,900 3,200 $55,800 $60,000 10,900 16,000 12,800 13,800 7,400 8,000 8,800 10,450 Required: 1. What was the total operating income variance for July? (Note: this variance is also called the master (static) budget variance for the period.) Was this variance favorable (F) or unfavorable...
Solid Box Fabrications manufactures boxes for workstations. The
firm’s standard cost sheet prior to October of the current year and
actual results for October are as follows:
Required information {The following information applies to the questions displayed below.] Solid Box Fabrications manufactures boxes for workstations. The firm's standard cost sheet prior to October of the current year and actual results for October are as follows: Budget Information Standard Price and Variable Fixed Costs per Unit Costs Actual Results October 9,500...
Robinson Company has two products, A and B. Robinson's budget for August follows: Sales Variable cost Contribution margin Fixed cost Operating income Selling price Master Budget Product A Product B $264,000 $396,000 154,000 264,000 $110,000 $ 132,000 88,000 66,000 $ 22,000 $ 66,000 $ 120 $ 60 On September 1, these operating results for August were reported: Sales Variable cost Contribution margin Fixed cost Operating income Units sold Operating Results Product A Product B $198,000 $ 446,400 117,000 309,600 $...
10.8
Kanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Kanco's budget and actual performance for June. (Click the icon to view the performance report.) Requirement Fill in all missing numbers in the table. Be sure to label any variances as favorable or unfavorable. (Enter the variances as positive numbers. If the variance is 0, make sure to enter in a "0". Label each variance as favorable (F) or unfavorable...
The following information is available for Brownstone Products Company for the month of July: Master Budget Actual Units 4,000 $60, 200 $60,000 16,000 13,900 3,900 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses 20,000 14,900 8,700 8,000 10,100 10,000 Required: 1. What was the total operating income variance for July? (Note: this variance is also called the master (static) budget variance for the period.) Was this variance favorable (F) or...
Most questions answered within 3 hours.
-
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 1 minute ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 1 hour ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 59 minutes ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 1 hour ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 2 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 2 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 2 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 2 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 2 hours ago -
Why are polymers not typically casted into products?
asked 2 hours ago -
When rolling a die 129 times, what is the probability of rolling
a 6 no more...
asked 3 hours ago -
4. A call option currently sells for $7.75. It has a strike
price of $85 and...
asked 2 hours ago