Homework Answers
C) neither (a) nor (b) is correct
There is no potential savings for the period because, the actual cost is more than the standard cost.
Basically, the restaurant has incurred $3,000 expense more as compared to the estimation of $32,000
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7. Actual cost for March in a nearby restaurant was $35,000, and standard cost for the...
8. In Fribney's Restaurant, actual cost for September was $49,000. Sales for September were $140,000. Standard...
8. In Fribney's Restaurant, actual cost for September was $49,000. Sales for September were $140,000. Standard cost percent was 5.0% lower than actual cost percent. Standard cost percent was: a. 5.0% b. 30.0% c. 35.0% Answer: 9. If actual cost for a period is $47,250
The actual selling expenses incurred in March 2020 by Fallon Company are as follows. (a) Prepare...
The actual selling expenses incurred in March 2020 by Fallon
Company are as follows.
(a) Prepare a flexible budget performance report
for March, assuming that March sales were $169,100. Variable costs
and their percentage relationship to sales are sales commissions
6%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling
expenses will consist of sales salaries $35,000, Depreciation on
delivery equipment $6,800, and insurance on delivery equipment
$1,700. (List variable costs before fixed
costs.)
(b) Prepare a flexible budget performance...
Question 11 View Policies Current Attempt in Progress The actual selling expenses incurred in March 2020...
Question 11 View Policies Current Attempt in Progress The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions Advertising Travel $14,228 Sales salaries 10,086 Depreciation 8,355 Insurance $35,000 7,200 1,900 Delivery 3.422 (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,100. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will...
Question 4 -/1 ew Policies arrent Attempt in Progress The actual selling expenses incurred in March...
Question 4 -/1 ew Policies arrent Attempt in Progress The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions $14,688 Sales salaries $34,600 Advertising 10,476 Depreciation 6,600 Travel 6,924 Insurance 2,000 Delivery 3,552 (a) Prepare a flexible budget performance report for March, assuming that March sales were $173,100. Variable costs and their percentage relationship to sales are sales commissions 8 % , advertising 6 % , traveling 4 % ,...
The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Sales commission...
The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Sales commissions $12,741 Advertising 10,258 Travel 6,772 Delivery 3,446 Fixed Expenses Sales salaries $35,300 Depreciation 7,000 Insurance 1,800 (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,300. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,300, Depreciation on delivery...
1. Ralph owns a small pizza restaurant, where he works full-time in the kitchen. His total revenue last year was $100,000, and his rent was $3,000 per month. He pays his one employee $2,000 per month,...
1. Ralph owns a small pizza restaurant, where he works full-time in the kitchen. His total revenue last year was $100,000, and his rent was $3,000 per month. He pays his one employee $2,000 per month, and the cost of ingredients and overhead averages $500 per month. Ralph could earn $35,000 per year as the manager of a competing pizza restaurant nearby. His total explicit costs for the year were a. $24,000. b. $66,000. c. $72,000. d. $60,000. e. $6,000....
Exercise 22-6 The actual selling expenses incurred in March 2017 by Fallon Company are as follows....
Exercise 22-6
The actual selling expenses incurred in March 2017 by Fallon
Company are as follows.
Variable Expenses
Fixed Expenses
Sales commissions
$10,880
Sales salaries
$35,400
Advertising
10,040
Depreciation
7,000
Travel
6,660
Insurance
2,000
Delivery
3,410
(a) Prepare a flexible budget performance report
for March, assuming that March sales were $166,500. Variable costs
and their percentage relationship to sales are sales commissions
6%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling
expenses will consist of sales salaries $35,400, Depreciation...
Exercise 22-6 The actual selling expenses incurred in March 2017 by Fallon Company are as follows....
Exercise 22-6 The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Sales commissions $11,340 Advertising 12,280 Travel 6,960 Delivery 3,600 Fixed Expenses Sales salaries $34,900 Depreciation 6,600 Insurance 1,300 (a) Prepare a flexible budget performance report for March, assuming that March sales were $ commissions 6%, advertising 7%, traveling 4%, and delivery 2%. Fixed selling expenses will co $6,600, and insurance on delivery equipment $1,300. (List variable costs before fixed costs CALCULATOR FULL...
A. Compute the actual cost per foot for materials for March Actual Cost per foot Compute...
A. Compute the actual cost per foot for materials for
March
Actual Cost
per foot
Compute the price variance and the spending variance.
(Do not round intermediate calculations. Indicate the
effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero
variance))
Price Variance
Unfavorable
Spending Variance
Unfavorable
For direct labor:
a. Compute the standard direct labor rate per hour. (Do
not round intermediate calculations. Round your final answer to 2
decimal...
just provide me the answer that I lost, thanks Exercise 10-6 a-b Your answer is partially...
just provide me the answer that I lost, thanks
Exercise 10-6 a-b Your answer is partially correct. Try again. The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Sales commissions $11,016 Advertising 10,266 Travel 6,764 3,452 Fixed Expenses Sales salaries $35.000 Depreciation 6,800 Insurance 1,700 Delivery (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,100. Variable costs and their percentage relationship to sales are sales commissions 6%,...
8. In Fribney's Restaurant, actual cost for September was $49,000. Sales for September were $140,000. Standard cost percent was 5.0% lower than actual cost percent. Standard cost percent was: a. 5.0% b. 30.0% c. 35.0% Answer: 9. If actual cost for a period is $47,250
The actual selling expenses incurred in March 2020 by Fallon
Company are as follows.
(a) Prepare a flexible budget performance report
for March, assuming that March sales were $169,100. Variable costs
and their percentage relationship to sales are sales commissions
6%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling
expenses will consist of sales salaries $35,000, Depreciation on
delivery equipment $6,800, and insurance on delivery equipment
$1,700. (List variable costs before fixed
costs.)
(b) Prepare a flexible budget performance...
Question 11 View Policies Current Attempt in Progress The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions Advertising Travel $14,228 Sales salaries 10,086 Depreciation 8,355 Insurance $35,000 7,200 1,900 Delivery 3.422 (a) Prepare a flexible budget performance report for March, assuming that March sales were $167,100. Variable costs and their percentage relationship to sales are sales commissions 8%, advertising 6%, traveling 5%, and delivery 2%. Fixed selling expenses will...
Question 4 -/1 ew Policies arrent Attempt in Progress The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Fixed Expenses Sales commissions $14,688 Sales salaries $34,600 Advertising 10,476 Depreciation 6,600 Travel 6,924 Insurance 2,000 Delivery 3,552 (a) Prepare a flexible budget performance report for March, assuming that March sales were $173,100. Variable costs and their percentage relationship to sales are sales commissions 8 % , advertising 6 % , traveling 4 % ,...
The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Sales commissions $12,741 Advertising 10,258 Travel 6,772 Delivery 3,446 Fixed Expenses Sales salaries $35,300 Depreciation 7,000 Insurance 1,800 (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,300. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $35,300, Depreciation on delivery...
Exercise 22-6
The actual selling expenses incurred in March 2017 by Fallon
Company are as follows.
Variable Expenses
Fixed Expenses
Sales commissions
$10,880
Sales salaries
$35,400
Advertising
10,040
Depreciation
7,000
Travel
6,660
Insurance
2,000
Delivery
3,410
(a) Prepare a flexible budget performance report
for March, assuming that March sales were $166,500. Variable costs
and their percentage relationship to sales are sales commissions
6%, advertising 6%, traveling 4%, and delivery 2%. Fixed selling
expenses will consist of sales salaries $35,400, Depreciation...
Exercise 22-6 The actual selling expenses incurred in March 2017 by Fallon Company are as follows. Variable Expenses Sales commissions $11,340 Advertising 12,280 Travel 6,960 Delivery 3,600 Fixed Expenses Sales salaries $34,900 Depreciation 6,600 Insurance 1,300 (a) Prepare a flexible budget performance report for March, assuming that March sales were $ commissions 6%, advertising 7%, traveling 4%, and delivery 2%. Fixed selling expenses will co $6,600, and insurance on delivery equipment $1,300. (List variable costs before fixed costs CALCULATOR FULL...
A. Compute the actual cost per foot for materials for
March
Actual Cost
per foot
Compute the price variance and the spending variance.
(Do not round intermediate calculations. Indicate the
effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero
variance))
Price Variance
Unfavorable
Spending Variance
Unfavorable
For direct labor:
a. Compute the standard direct labor rate per hour. (Do
not round intermediate calculations. Round your final answer to 2
decimal...
just provide me the answer that I lost, thanks
Exercise 10-6 a-b Your answer is partially correct. Try again. The actual selling expenses incurred in March 2020 by Fallon Company are as follows. Variable Expenses Sales commissions $11,016 Advertising 10,266 Travel 6,764 3,452 Fixed Expenses Sales salaries $35.000 Depreciation 6,800 Insurance 1,700 Delivery (a) Prepare a flexible budget performance report for March, assuming that March sales were $169,100. Variable costs and their percentage relationship to sales are sales commissions 6%,...
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