Homework Answers
12) Activity variance in operating income
| 10350 Units | 11000 Units | |
| Sales | 931500 | 990000 |
| Variable cost | 714150 | 759000 |
| Fixed cost | 124000 | 124000 |
| Operating income | 93350 | 107000 |
So answer is 107000-93350 = 13650 F
So answer is a) $13650 Favorable
13) Total spending variance = Flexible budget expense-actual expense = 883000-917400 = 34400
So answer is d) $34400 Unfavorable
Add Answer to:
For the month of July, Monroe Company, a ma (planning or static budget) and their flexible...
For the month of July, Monroe Company, a maker of erhorepared the table below that shows...
For the month of July, Monroe Company, a maker of erhorepared the table below that shows their master budget (planning or state budget) and their flexible budget. Actual Master Budget 10,350 12.000 590 Sales (in units) Selling Price per unit Variable Cost per unit Total Fixed Costs $72 $125 400 S124,000 12 What is the activity variance in net operating income? $14,650 favorable $38,750 favorable $73.400 favorable $54,600 favorable E. None of the above. B. 13 What is the total...
For the month of July, Monroe Company, a maker of erobot, prepared the table below that...
For the month of July, Monroe Company, a maker of erobot, prepared the table below that shows their master budget (planning or static budget) and their nexible budget Actual Master Results Budget 10.350 s90 Seo $124,000 12,000 $87 $72 $125,400 Sales (in units) Selling Price per unit Variable Cost per unit Total Fixed Costs 12 What is the activity variance in net operating income? A. в. C. $34,650 favorable $38,750 favorable $73,400 favorable $54,600 favorable D. E. None of the...
Hoppy Corporation compares a monthly flexible budget based on actual operating results to a static planning...
Hoppy Corporation compares a monthly flexible budget based on actual operating results to a static planning budget prepared at the beginning of the month. When the actual level of activity is higher than expected, which of the following would typically be expected? Variable costs would show unfavorable variances O Varíable costs would show favorable variances O Fixed costs would show favorable varlances Fixed costs would show unfavorable variances. None of the above. Cosden Corporation is an oil well service company...
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...
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...
Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Results 59 Flexible Planning Budget...
Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Results 59 Flexible Planning Budget Budget 59 57 Flights (9) $ 16,300 $ 20,945 $ 20,235 Revenue ($355.00) Expenses: Wages and salaries ($3,200 + $85.000) Fuel ($33.00) Airport fees ($860 + $30.00) Aircraft depreciation ($8.899) Office expenses ($240 - $1.889) Total expense Net operating income 8,185 8,215 8,845 2,111 1,947 1,881 2,490 2,630 2,570 472 472 456 467 299 297 13,725 13,563 13,249 $ 2,575 $ 7,382 $ 6,986...
Filmore Company produces a lightweigh tablet that is popular with college students. Filmore was planning to...
Filmore Company produces a lightweigh tablet that is popular with college students. Filmore was planning to product 900 tablets in March, but they ended up producing 920 tablets Answer the next three questions using the following information: Filmore uses a standard costing. Its standards of production, March Master (static planning) budget, and actual results are listed below: March Master Actual costs Budget 24,300 20,250 2,700 7,425 incurred $23,050 $21,500 Standards $5.40 per yard ? per DLH $2.00 per DLH $5.50...
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 3,800 4,000 $53,200 $60,000 19,000 16,000 16,000 15,000 7,700 8,000 10,000 9,000 Actual Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses 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...
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate...
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate per hour" answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget...
b1) bridget company assembling department Flexible Budget Report For the Month Ending August 31,2017 c) bridget...
b1) bridget company
assembling department
Flexible Budget Report
For the Month Ending August 31,2017
c) bridget company
assembling department
Flexible Budget Report
For the Month Ending September 30,2017
Question 4 Bridgeport Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. BRIDGEPORT COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Budget Actual Favorable Unfavorable Manufacturing Costs Variable costs Direct materials Direct labor Indirect materials Indirect labor...
For the month of July, Monroe Company, a maker of erhorepared the table below that shows their master budget (planning or state budget) and their flexible budget. Actual Master Budget 10,350 12.000 590 Sales (in units) Selling Price per unit Variable Cost per unit Total Fixed Costs $72 $125 400 S124,000 12 What is the activity variance in net operating income? $14,650 favorable $38,750 favorable $73.400 favorable $54,600 favorable E. None of the above. B. 13 What is the total...
For the month of July, Monroe Company, a maker of erobot, prepared the table below that shows their master budget (planning or static budget) and their nexible budget Actual Master Results Budget 10.350 s90 Seo $124,000 12,000 $87 $72 $125,400 Sales (in units) Selling Price per unit Variable Cost per unit Total Fixed Costs 12 What is the activity variance in net operating income? A. в. C. $34,650 favorable $38,750 favorable $73,400 favorable $54,600 favorable D. E. None of the...
Hoppy Corporation compares a monthly flexible budget based on actual operating results to a static planning budget prepared at the beginning of the month. When the actual level of activity is higher than expected, which of the following would typically be expected? Variable costs would show unfavorable variances O Varíable costs would show favorable variances O Fixed costs would show favorable varlances Fixed costs would show unfavorable variances. None of the above. Cosden Corporation is an oil well service company...
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...
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...
Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Results 59 Flexible Planning Budget Budget 59 57 Flights (9) $ 16,300 $ 20,945 $ 20,235 Revenue ($355.00) Expenses: Wages and salaries ($3,200 + $85.000) Fuel ($33.00) Airport fees ($860 + $30.00) Aircraft depreciation ($8.899) Office expenses ($240 - $1.889) Total expense Net operating income 8,185 8,215 8,845 2,111 1,947 1,881 2,490 2,630 2,570 472 472 456 467 299 297 13,725 13,563 13,249 $ 2,575 $ 7,382 $ 6,986...
Filmore Company produces a lightweigh tablet that is popular with college students. Filmore was planning to product 900 tablets in March, but they ended up producing 920 tablets Answer the next three questions using the following information: Filmore uses a standard costing. Its standards of production, March Master (static planning) budget, and actual results are listed below: March Master Actual costs Budget 24,300 20,250 2,700 7,425 incurred $23,050 $21,500 Standards $5.40 per yard ? per DLH $2.00 per DLH $5.50...
The following information is available for Brownstone Products Company for the month of July: 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 Actual Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses 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...
Ray Company provided the following excerpts from its Production Department's flexible budget performance report. (Round "rate per hour" answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Required: Complete the Production Department's Flexible Budget Performance Report. Ray Company Production Department Flexible Budget Performance Report For the Month Ended August 31 Actual Flexible Results Spending Variances Budget...
b1) bridget company
assembling department
Flexible Budget Report
For the Month Ending August 31,2017
c) bridget company
assembling department
Flexible Budget Report
For the Month Ending September 30,2017
Question 4 Bridgeport Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. BRIDGEPORT COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Budget Actual Favorable Unfavorable Manufacturing Costs Variable costs Direct materials Direct labor Indirect materials Indirect labor...
Most questions answered within 3 hours.
-
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 35 minutes ago -
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 20 minutes ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 59 minutes ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 1 hour ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 1 hour ago -
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 2 hours ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 4 hours ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 5 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 5 hours ago -
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 5 hours ago -
Assume memory access is 10 units of time and disk access is
10000 units of time....
asked 5 hours ago -
1. Are all good samples random?
2. Magazines often report surveys giving statistics such as “63%...
asked 6 hours ago