17) Answer: Option B) Expected results in the flexible budget for the actual units sold and the static budget.
The sales volume variance is the difference between the static budget and the flexible budget which is based on the actual units sold. Hence, option B is the correct answer.
The difference between actual results and expected results in the flexible budget is the spending variance or the flexible budget variance. Hence, option A is incorrect.
Difference between the static budget and actual amounts is the total variance and not the sales volume variance. Hence, option C is incorrect.
The sales volume variance is due to the difference in level of activity and not the difference in fixed costs. Hence, option D is incorrect.
Question 17 )The sales volume variance is the differernc between the ? A) Actual results and...
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 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...
answer all 37) The sales volume variance is the difference between the 37) Aj expected results in the flexible budget for the actual units sold and the static budget B) static budget and actual amounts due to differences in sales price C) flexible budget and static budget due to differences in fixed costs D) actual results and the expected results in the flexible budget for the actual units sold 38) 39) The static budget, at the beginning of the month,...
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...
Question 9 The sales volume variance is the difference between the Not yet answered Select one: Marked out of 2.00 Flag question O A. expected results in the flexible budget for the actual units sold and the static budget B. static budget and actual amounts due to differences in sales price O C. actual results and the expected results in the flexible budget for the actual units sold OD. flexible budget and static budget due to differences in fixed costs...
Actual Results Flexible Budget Variance Flexible Budget Sales Volume Static Variance Budget Units 12,000 12,000 15,000 S Sales Revenue $ 2,52,000 12,000 | F | $ 2,40,000 60,000 $3,00,000 Less: Variable Expenses 84,000 12,000F 96,000 24,000 F S 1,20,000 Contribution margin $1,68,000 24,000 $1,44,000 36,000 U $1,80,000 S Less: Fixed Expenses $ 1,50,000 5,000 $1,45,000 None S 1,45,000 Operating Income / (loss) $ 18,000 19,000 FS -1,000 36,000 U S 35,000 Look at the two outside columns - how was...
sales volume changes 29 The practice of comparing a company with its prior performance or with best practices from other companies is called A) competitive analysis B) differentiation analysis benchmarking D) budgeting 30) Which of the following would not appear on the selling and administrative budget of Odell Company? A) Indirect Labor B) Rent Expense Salaries Expense D) Depreciation Expense 31 31) Camellia, a merchandising company, has provided the following extracts from their budget for the first quarter of the...
Match the variance to the correct definitions. i(Click on the icon to view the definitions.) Definition Variance 2. Cost variance 3. Efficiency variance Flexible budget variance 4. 5. Sales volume variance 6. Static budget variance a. b. C. d. e. i Definitions The difference between the expected results in the flexible budget for the actual units sold and the static budget. The difference between actual results and the expected results in the flexible budget for the actual units sold. Measures...
Master Master Budget Variance Actual 60,500 Budget 57,000 Sales volume (number of cases sold) Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses $ 193,700 $ 71,200 176,700 62,700 $ 122,500 $ 73,200 114,000 72,000 $ 49,300 $ 42,000 Operating income The budgeted sales price per unit is $ 3.10 Requirement 2. What is the budgeted variable expense per unit? The budgeted variable expense per unit is $ 1.10. Requirement 3. What is the budgeted fixed cost for the...
A static budget is one that Is based on the actual sales volume achieved during the period. Is developed for a single level of expected output. Is one component of the operating budget. Is always used to compare with the actual results. Materiality can be measured in terms of Absolute dollars. Relative percentages. Both absolute dollars and relative percentages. Neither absolute dollars or relative percentages. The flexible budget variance is the difference between The static budget and the flexible budget....