Homework Answers
Answer: A. $11,790 favorable
Explanation:
Total static-Budget variance = Operating income in static budget - Operating income in Actual results
Total static-Budget variance = $66,950-$78,740
Total static-Budget variance = - $11,790 (or)
Total static-Budget variance = $11,790 Favorable
Thus, option-A. $11,790 favorable is correct answer. and remaining options are incorrect.
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Classic Products Company manufactures colonial style desks. Some of the company's data was misplaced. Use the...
Classic Products Company manufactures colonial style desks. Some of the company's data was misplaced. Use the...
Classic Products Company manufactures colonial style desks. Some of the company's data was misplaced. Use the following information to replace the lost data: Actual Results Flexible Budget Variances Flexible Budget Salesminus−Volume Variances Static Budget Units sold 490,000 490,000 447,950 Revenues $186,550 $4,400 F (A) $6,460 U (B) Variable costs (C) $860 U $70,970 $10,700 F $81,670 Fixed costs $36,510 $3,750 F $40,260 0 $40,260 Operating income $78,210 (D) $70,920 (E) $66,680 What is the total salesminus−volume variance (E)?
Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to...
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Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to...
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Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information to replace the lost data. Flexible Budget Variance Actual Results 1,860 $119,040 Sales Flexible Volume Master Budget Variance Budget 1,750 A $57,750 $1,860 U Units Revenues Variable costs Fixed costs Operating income с $ 21,200 $ 45, 750 $30,000 The amount D (to the nearest dollar) is:
Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information...
Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information to replace the lost data. Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Master Budget Units 2,080 1,860 Revenues $ 156,000 $ 2,080 U A B Variable costs C $ 81,840 Fixed costs $ 22,300 Operating income $ 46,850 D $ 41,000 The amount C, to nearest dollar, is: Multiple Choice $86,850. $109,150. $69,150. $133,700. Impossible to determine without further information.
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The Sodus Company produces engine parts for car manufacturers. A now accountant intern at Sodus has accidentally deleted the calculations on the company's variance analysis calculations for the your unded December 31, 2017. The following table is what remains of the data. B (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate all the required variances. If your work is accurate, you will find that the total static budget variance is $0.) Begin with the flexible...
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Complete part three only Packaging Solutions Corporation manufactures and sells a wide variety of packaging products....
Complete part three only
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.209 $4,400 + $1.5e $5,680 + $.489 $1,600 + $0.389 $18,700 + $2.709...
Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Analysis Units Sold Sales- Actual Flexible Flexible Volume Static Results Variances Budget Variances Budget 112,500 $42,080 $1,000 F (A) $1,400 U (B) (C) $200 U $15,860 $8,280 $9,140 Revenues Variable Costs Fixed Costs Operating Income $17,740 (D) (E) Required: a. What are the respective flexible-budget revenues (A)? b. What are the static-budget revenues (B)? C. What are the actual variable...
Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Analysis Units Sold Sales- Actual Flexible Flexible Volume Static Results Variances Budget Variances Budget 112,500 $42,080 $1,000 F (A) $1,400 U (B) (C) $200 U $15,860 $8,280 $9,140 Revenues Variable Costs Fixed Costs Operating Income $17,740 (D) (E) Required: a. What are the respective flexible-budget revenues (A)? b. What are the static-budget revenues (B)? C. What are the actual variable...
Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information to replace the lost data. Flexible Budget Variance Actual Results 1,860 $119,040 Sales Flexible Volume Master Budget Variance Budget 1,750 A $57,750 $1,860 U Units Revenues Variable costs Fixed costs Operating income с $ 21,200 $ 45, 750 $30,000 The amount D (to the nearest dollar) is:
0 Data Table lices, and standard unit jes of famous histo mount of resource ata.) met data.) Expected production and sales Expected selling price per unit Total fixed costs $ $ 7,000 units 680 1,400,000 me variance and fi Data Table Direct materials Direct manufacturing labor Standard Quantity 10 pounds 3.7 hours Standard Price 58 per pound $50 per hour Standard Unit Cost $80 $185 During 2017, actual number of units produced and sold was 4,800, at an average selling...
The Sodus Company produces engine parts for car manufacturers. A now accountant intern at Sodus has accidentally deleted the calculations on the company's variance analysis calculations for the your unded December 31, 2017. The following table is what remains of the data. B (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate all the required variances. If your work is accurate, you will find that the total static budget variance is $0.) Begin with the flexible...
E7-24 (similar to) The Utica Company produces engine parts for car manufacturers. A new accountant intern at Utica has accidentally deleted the table is what remains of the data. Click the icon to view the data.) Read the requirements. Requirement 1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance i Begin with the flexible budget columns, then the sales volume variance column. Label each variance as favorable (F) or unfavo...
0 CellBase Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 9,000, 10,500, and 12,500 units. The stalic budget was based on expected sales of 10,500 units. The company sold 12.500 units during July. Its flexible budget and actual operating income was as follows: (Click the icon to view the flexible budget.) (Click the icon to view the income statement.) Read the requirements O Wom Variable Expenses Contribution...
Complete part three only
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.209 $4,400 + $1.5e $5,680 + $.489 $1,600 + $0.389 $18,700 + $2.709...
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