Homework Answers
ANSWER.
9) Budget variance analysis is critical to knowing if actual finance results
compare to current year budget.
10) Flexible budgeting is adjusted for Volume changes.
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QUESTION 9 Budget variance analysis is critical to knowing If actual financial results compare to current...
Accounting question. Thanks. Complete the flexible budget variance analysis by filling in the blanks in the...
Accounting question. Thanks.
Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 9.000 travel locks for Gray, Inc (Click the icon to view the report) (For variances with a 50 value, make sure to enter "0" in the appropriate cells ) Flexible Budget Gray, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2018 Actual Flexible Budget Results Variance Units 9,000 Sales Revenue $ 171,000 Variable Costs...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For October 2019 (2) (3) Flexible-Budget Flexible Variances Budget (1) (4) Sales Volume Variances (5) Master (Static) Budget Actual Units 780 0 780 1,000 Sales Variable costs Contribution margin Fixed costs Operating income $639,600 350,950 $288,650 160,650 $128,000 $15,600F 50F $15,650F 10,650U $ 5,000F $624,000 351,000 $273.000 150,000 $123,000 2200 $176,0000 99,000F $ 77,0000 $800,000 450,000 $350,000 150,000 $200,000 $77,000U Analysis of Total Operating-Income Variance...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For October 2019 (1) (2) Flexible-Budget Variances (3) Flexible Budget Sales Volume Variances (5) Master (Static) Budget Actual Units 1,000 Sales Variable costs 7800 780 2200 $639,600 $15,600F $624,000 $176,000U 350,95050F 351,000 99,000F $288,650 $ 77,0000 160,650 10,650U 150,000* 0 $128,000 $ 5,000F $123,000 $ 77,000U Contribution margin Fixed costs $15,650F $273,000 $800,000 450,000 $350,000 150,000 $200,000 Operating income Analysis of Total Operating Income Variance...
This Question: 5 pts 2012 (1 complete) Complete the Bible budget variance analysis bying in the...
This Question: 5 pts 2012 (1 complete) Complete the Bible budget variance analysis bying in the blanks in the prac ! Click the icon to view the report) t budget performance report for 7.000 travel locks for Gable, Inc i Data Table (For variances with a 50 value, make sure to enter in the propriate oble, Inc Flexible Budget Performance Report para For the Month lnded April 30, 2018 Actual Flexible Budget Flexible Results Gable, Inc. Flexible Bud Performance Report...
Budgeting and Variance Analysis In an effort to better plan for and control OR costs, SHH management asked Jack to calculate the flexible budget variance (i.e., flexible budget costs - actual costs) f...
Budgeting and Variance Analysis In an effort to better plan for and control OR costs, SHH management asked Jack to calculate the flexible budget variance (i.e., flexible budget costs - actual costs) for OR nursing costs, including the price variance and efficiency variance. Given that Jack is interested in comparing the reported costs of both systems, he decided to prepare the requested OR variance analysis for both the current cost system and the vital-signs costing system. In addition, Jack chose...
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and the expected results in t...
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and the expected results in the flexible budget for the actual units sold B)Expected results in the flexible budget for the actual units sold and the static budget c)Static budget and actual amounts due to differences in sales price d)flexible budget and static budget due to differences in fixed costs Question 18 )Generals Co.can further process Product B to Product product A. product B currently...
Flexible Budgeting and Variance Analysis I Love My Chocolate Company makes dark chocolate and light chocolate....
Flexible Budgeting and Variance Analysis I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available: Standard Amount per Case Dark Light Chocolate Standard Price per Pound Chocolate Cocoa 12 lb. 9 lb. $5.3 0.6 Sugar 10 lb. 14 lb. Standard labor 0.4 hr. 0.5 hr. time Dark Chocolate Light Chocolate Planned production 5,400 cases 10,100 cases Standard labor rate $14 per hr. $14 per hr....
Flexible Budgeting and Variance Analysis I Love My Chocolate Company makes dark chocolate and light chocolate....
Flexible Budgeting and Variance Analysis I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available: Standard Amount per Case Dark Chocolate Light Chocolate Standard Price per Pound Cocoa 10 lb. 7 lb. $4.9 Sugar 8 lb. 12 lb. 0.6 Standard labor time 0.4 hr. 0.5 hr. Dark Chocolate Light Chocolate Planned production 4,400 cases 13,300 cases Standard labor rate $15 per hr. $15 per hr....
Flexible Budgeting and Variance Analysis I Love My Chocolate Company makes dark chocolate and light chocolate....
Flexible Budgeting and Variance Analysis I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available: Standard Amount per Case Dark Chocolate Light Chocolate Standard Price per Pound Cocoa 11 lb. 8 lb. $4.8 Sugar 9 lb. 13 lb. 0.6 Standard labor time 0.4 hr. 0.5 hr. Dark Chocolate Light Chocolate Planned production 5,700 cases 12,700 cases Standard labor rate $15 per hr. $15 per hr....
Flexible Budgeting and Variance Analysis I Love My Chocolate Company makes dark chocolate and light chocolate....
Flexible Budgeting and Variance Analysis I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available: Standard Amount per Case Dark Chocolate Light Chocolate Standard Price per Pound Cocoa 12 lb. 9 lb. $4.8 Sugar 10 lb. 14 lb. 0.6 Standard labor time 0.4 hr. 0.5 hr. Dark Chocolate Light Chocolate Planned production 4,000 cases 12,200 cases Standard labor rate $15 per hr. $15 per hr....
Accounting question. Thanks.
Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 9.000 travel locks for Gray, Inc (Click the icon to view the report) (For variances with a 50 value, make sure to enter "0" in the appropriate cells ) Flexible Budget Gray, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2018 Actual Flexible Budget Results Variance Units 9,000 Sales Revenue $ 171,000 Variable Costs...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For October 2019 (2) (3) Flexible-Budget Flexible Variances Budget (1) (4) Sales Volume Variances (5) Master (Static) Budget Actual Units 780 0 780 1,000 Sales Variable costs Contribution margin Fixed costs Operating income $639,600 350,950 $288,650 160,650 $128,000 $15,600F 50F $15,650F 10,650U $ 5,000F $624,000 351,000 $273.000 150,000 $123,000 2200 $176,0000 99,000F $ 77,0000 $800,000 450,000 $350,000 150,000 $200,000 $77,000U Analysis of Total Operating-Income Variance...
EXHIBIT 14.4 Breakdown of Total Operating Income Variance SCHMIDT MACHINERY COMPANY Analysis of Financial Results For October 2019 (1) (2) Flexible-Budget Variances (3) Flexible Budget Sales Volume Variances (5) Master (Static) Budget Actual Units 1,000 Sales Variable costs 7800 780 2200 $639,600 $15,600F $624,000 $176,000U 350,95050F 351,000 99,000F $288,650 $ 77,0000 160,650 10,650U 150,000* 0 $128,000 $ 5,000F $123,000 $ 77,000U Contribution margin Fixed costs $15,650F $273,000 $800,000 450,000 $350,000 150,000 $200,000 Operating income Analysis of Total Operating Income Variance...
This Question: 5 pts 2012 (1 complete) Complete the Bible budget variance analysis bying in the blanks in the prac ! Click the icon to view the report) t budget performance report for 7.000 travel locks for Gable, Inc i Data Table (For variances with a 50 value, make sure to enter in the propriate oble, Inc Flexible Budget Performance Report para For the Month lnded April 30, 2018 Actual Flexible Budget Flexible Results Gable, Inc. Flexible Bud Performance Report...
Flexible Budgeting and Variance Analysis I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available: Standard Amount per Case Dark Light Chocolate Standard Price per Pound Chocolate Cocoa 12 lb. 9 lb. $5.3 0.6 Sugar 10 lb. 14 lb. Standard labor 0.4 hr. 0.5 hr. time Dark Chocolate Light Chocolate Planned production 5,400 cases 10,100 cases Standard labor rate $14 per hr. $14 per hr....
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