Which of the following terms is useful because it compares "actual" revenues and expenses against "budgeted"...
Which of the following terms is useful because it compares "actual" revenues and expenses against "budgeted" revenues and expenses?
A. reponsibility center
B. performance report
C. Capital budget
D. sensitvity analysis
Homework Answers
The correct answer was option "B"
Responsibility center is a unit of any association which has a supervisor in charge of its activities and results. Execution report is one of the reports produced by this department. sensitivity examination is an investigation of various elements like change in economic situations, change in item blend and so on which will affect the ideal outcome. It doesn't analyze real and planned execution yet is here and there identified with expected outcomes. Capital spending plan relates to long haul speculation arranging and examination of an company.
That's why the option "b" was the correct answer.
Add Answer to:
Which of the following terms is useful because it compares
"actual" revenues and expenses against "budgeted"...
4. A flexible budget performance report compares the differences between: a. Actual performance and budgeted performance...
4. A flexible budget performance report compares the differences between: a. Actual performance and budgeted performance based on actual sales volume. b. Actual performance over several periods. c. Budgeted performance over several periods. d. Actual performance and budgeted performance based on budgeted sales volume. e. Actual performance and standard costs at the budgeted sales volume.
A report that compares the budgeted costs for the job to the actual costs incurred and...
A report that compares the budgeted costs for the job to the actual costs incurred and indicates the variances is a: Group of answer choices A.Cost analysis. B.Job cost sheet. C.Budget analysis. D.Cost performance report.
Match the following terms with the best definition given. Compare actual performance against budgeted goals. 1....
Match the following terms with the best definition given. Compare actual performance against budgeted goals. 1. Planning Occurs when budgets are too loose. 2. Directing Occurs when employee 3. Controlling self-interests are different from company goals. 4. Budget padding Actions to achieve budgeted goals. 5. Goal conflict Setting goals.
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...
Instructions Krause Industries has gathered the following information about the actual sales revenues and expenses for...
Instructions Krause Industries has gathered the following information about the actual sales revenues and expenses for its Food Services segment for the most recent year. Performance Report Krause Industries - Food Services Segment For Fiscal Year Ending December 31 Actual Budgeted Less: Variable Expenses: Variable Cost of Goods Sold 201,520 190,000 Variable Operating Expenses 229,632 240,000 Total Variable Expenses 431,152 430,000 Less Direct Fixed Expenses: Fixed Manufacturing Overhead 102,600 100,000 Fixed Operating Expenses 27,000 25,000 Total Direct Fixed Expenses 129,600...
Clayton Industries has gathered the following information about the actual sales revenues and expenses for its...
Clayton Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year. (Click the icon to view the actual data.) Budgeted data for the same time period for the pharmaceutical segment are as follows (al data is in milions): Click the icon to view the budgeted data.) Prepare a segment margin performance report for the pharmaceutical segment. Calculate a variance and a variance percentage for each line in the...
The difference between actual revenues and expenses and the flexible budget is known as the: A....
The difference between actual revenues and expenses and the flexible budget is known as the: A. flexible budget variance B. static budget variance C. master budget variance D. volume variance
Drizzdale Industries has gathered the following information about the actual sales revenues and e...
Drizzdale Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year eE! (Click the icon to view the actual data.) Budgeted data for the same time period for the pharmaceutical segment are as follows (all data is in millions): Prepare a segment margin performance report for the pharmaceutical segment. Calculate a variance and a variance percentage for each line in the report. Round to the nearest hundredth for...
Identily eacn sta E24-2 Crede Company budgeted selling expenses of $30,000 in January, $35,000 in Febru...
Identily eacn sta E24-2 Crede Company budgeted selling expenses of $30,000 in January, $35,000 in Febru ary, and $40,000 in March. Actual selling expenses were $31,200 in January, $34,525 in February, and $46,000 in March. Irstructionsbol berr 10011b month and for the year to date.d od (b) What is the purpose of the report prepared in (a), and who would be the primary recipient? endnuoA idinoqasR bnalonto Prepare a selling expense report that compares budgeted and actual amounts by Exe...
Performance Report Based on Budgeted and Actual Levels of Production Bowling Company budgeted the following amounts:...
Performance Report Based on Budgeted and Actual Levels of Production Bowling Company budgeted the following amounts: Variable costs of production: Direct materials 3 pounds @ $0.60 per pound Direct labor 0.5 hr. @ $16.00 per hour VOH 0.5 hr. @ $2.20 FOH: Materials handling $6,200 Depreciation $2,600 At the end of the year, Bowling had the following actual costs for production of 3,800 units: Direct materials $6,800 Direct labor 30,500 VOH 4,200 FOH: Materials handling 6,300 Depreciation $2,600 Required: 1....
4. A flexible budget performance report compares the differences between: a. Actual performance and budgeted performance based on actual sales volume. b. Actual performance over several periods. c. Budgeted performance over several periods. d. Actual performance and budgeted performance based on budgeted sales volume. e. Actual performance and standard costs at the budgeted sales volume.
Match the following terms with the best definition given. Compare actual performance against budgeted goals. 1. Planning Occurs when budgets are too loose. 2. Directing Occurs when employee 3. Controlling self-interests are different from company goals. 4. Budget padding Actions to achieve budgeted goals. 5. Goal conflict Setting goals.
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...
Instructions Krause Industries has gathered the following information about the actual sales revenues and expenses for its Food Services segment for the most recent year. Performance Report Krause Industries - Food Services Segment For Fiscal Year Ending December 31 Actual Budgeted Less: Variable Expenses: Variable Cost of Goods Sold 201,520 190,000 Variable Operating Expenses 229,632 240,000 Total Variable Expenses 431,152 430,000 Less Direct Fixed Expenses: Fixed Manufacturing Overhead 102,600 100,000 Fixed Operating Expenses 27,000 25,000 Total Direct Fixed Expenses 129,600...
Clayton Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year. (Click the icon to view the actual data.) Budgeted data for the same time period for the pharmaceutical segment are as follows (al data is in milions): Click the icon to view the budgeted data.) Prepare a segment margin performance report for the pharmaceutical segment. Calculate a variance and a variance percentage for each line in the...
Drizzdale Industries has gathered the following information about the actual sales revenues and expenses for its pharmaceuticals segment for the most recent year eE! (Click the icon to view the actual data.) Budgeted data for the same time period for the pharmaceutical segment are as follows (all data is in millions): Prepare a segment margin performance report for the pharmaceutical segment. Calculate a variance and a variance percentage for each line in the report. Round to the nearest hundredth for...
Identily eacn sta E24-2 Crede Company budgeted selling expenses of $30,000 in January, $35,000 in Febru ary, and $40,000 in March. Actual selling expenses were $31,200 in January, $34,525 in February, and $46,000 in March. Irstructionsbol berr 10011b month and for the year to date.d od (b) What is the purpose of the report prepared in (a), and who would be the primary recipient? endnuoA idinoqasR bnalonto Prepare a selling expense report that compares budgeted and actual amounts by Exe...
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