Homework Answers
Static budget is a fixed budget which cannot be changed irrespective of output level.
Flexible budget will be always change as per the changes in output.
Fixed Cost for static Budget and flexible budget are same. Difference in flexible budget and static budget is came only for the variable expenses
As per above explanation,
Answer = The Flexible budget will report 270,500 for the Fixed cost
Answer = Option B = 270,500
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The actual information pertains to the month of June. As a part of the budgeting process,...
The actual information pertains to the month of June. As a part of the budgeting process,...
The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. FlexibleBudget A Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs ActualResults 11,000 $561,000 275,000 $286,000 274,300 StaticBudget 13,000 $663,000 327,080 $335,920 271,900 A A A Operating profit $11,700 $ $64,020 The flexible budget will report...
7.2-21a Question Help The actual information pertains to the month of June. As a part of...
7.2-21a Question Help The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. Flexible Budget ActualResults 18,000 $936,000 414,000 $522,000 274,100 $247,900 Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs Operating profit to to StaticBudget 23,000 $1,196,000 531,300 $664,700 271,000 $393,700 A A A The...
The actual information pertains to the month of June As part of the budgeting process. Colonial...
The actual information pertains to the month of June As part of the budgeting process. Colonial Fencing Company developed the following static budget for September Colonial is in the process of preparing the flexible budget and understanding the results. Actual Results Flexible Budget Static Budget Sales volume (in units) 11 000 21,500 Sales revenues $670,000 5559 000 Variable costs 256.000 300.000 Contribution margin $414000 $259.000 Fixed costs 237,000 236 000 Operating profit $177 000 $23.000 The flexible budget for sales...
The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decay Department o...
The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decay Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the process of preparing the flexible budget and understanding the results Flexible Budget Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs Operating profit ActualResults 10.000 $241,000 148.000 $93.000 38,000 $55,000 Static Budget 9.000 $233,000 180,000 $53,000 33 000 $20,000 The flexible...
Question Help The actual information portains to the month of June. As a part of the...
Question Help The actual information portains to the month of June. As a part of the budgeting process. Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the exible budget and understanding the results Flexible Budget Sales volume in units) Sales revenues Variable costs Contribution margin Fixed costs Operating prof Actual Results 17 000 $935,000 391.000 $544,000 275,800 $268.200 S tatic Budget 21000 $1.155,000 480 270 5674.730 288,800 $406,130 The flexible-budget...
The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the process of preparing the flex
The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the process of preparing the flexible budget and understanding the results.ActualResultsFlexibleBudgetStaticBudgetSales volume (in units)20,000 ________18,000Sales revenues$238,000$ $230,000Variable costs140,000$ ________185,000Contribution margin$98,000$ $45,000Fixed costs41,000$ ________33,000Operating profit$57,000$ ________$12,000The flexible budget will report ________ for variable costs.
udgeted Operating Profit (30 points) The actual information pertains to the third quarter. As part of the budgeting...
udgeted Operating Profit (30 points) The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Dec- is in the process of preparing the flexible budget and understanding the results. Actual Flexible Static Results 11,000 Budget Budget 12,000 Sales volume (in units) Sales revenues Variable costs $242,000 $ $240,000 180,000 198,000 60,000 44,000 Contribution margin 45.000 40,000 Fixed costs...
Q Search Sheet Chapter_7_Inc-Class Group Work 2 (1) View Formulas Data Review + Share Home 051...
Q Search Sheet Chapter_7_Inc-Class Group Work 2 (1) View Formulas Data Review + Share Home 051 Insert x v Page Layout fx 2 3 The actual information pertains to the month of June. As part of the budgeting process, Colonial Fencing Company developed the following static budget for September. Colonial is in the process of preparing the flexible budget and understanding the results. Actual Results 19.000 Flexible Budget Static Budget 20.500 Sales volume (in units) $ 615,000 10 Sales revenues...
Sutherland Company manufactures book bags and has provided the following information for June 2018 Click the...
Sutherland Company manufactures book bags and has provided the following information for June 2018 Click the icon to view the information) Requirements 1. Prepare a flexible budget performance report (Hint. You will need to calculate the flexible budget amounts for 7,000 units) 2. As the company owner, which employees would you praise or criticize after you analyze this performance report? Flexible Budget Performance Report For the Month Ended June 30, 2018 2 3 5 (1)-(3) Budget Flexible Sales Amounts Actual...
An advertising company uses flexible budgeting for both planning and control. One of the company's clients...
An advertising company uses flexible budgeting for both planning and control. One of the company's clients has asked to prepare an advertising campaign for a new product. The contract calls for paying the advertising company - 120 per design hour in the range from 150 to 200 hours. The advertising company has a staff of campaign designers. Customers are billed only for the time designers work on their project. Partner time is not billed directly to the customer. As part...
The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. FlexibleBudget A Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs ActualResults 11,000 $561,000 275,000 $286,000 274,300 StaticBudget 13,000 $663,000 327,080 $335,920 271,900 A A A Operating profit $11,700 $ $64,020 The flexible budget will report...
7.2-21a Question Help The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results. Flexible Budget ActualResults 18,000 $936,000 414,000 $522,000 274,100 $247,900 Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs Operating profit to to StaticBudget 23,000 $1,196,000 531,300 $664,700 271,000 $393,700 A A A The...
The actual information pertains to the month of June As part of the budgeting process. Colonial Fencing Company developed the following static budget for September Colonial is in the process of preparing the flexible budget and understanding the results. Actual Results Flexible Budget Static Budget Sales volume (in units) 11 000 21,500 Sales revenues $670,000 5559 000 Variable costs 256.000 300.000 Contribution margin $414000 $259.000 Fixed costs 237,000 236 000 Operating profit $177 000 $23.000 The flexible budget for sales...
The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decay Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the process of preparing the flexible budget and understanding the results Flexible Budget Sales volume (in units) Sales revenues Variable costs Contribution margin Fixed costs Operating profit ActualResults 10.000 $241,000 148.000 $93.000 38,000 $55,000 Static Budget 9.000 $233,000 180,000 $53,000 33 000 $20,000 The flexible...
Question Help The actual information portains to the month of June. As a part of the budgeting process. Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the exible budget and understanding the results Flexible Budget Sales volume in units) Sales revenues Variable costs Contribution margin Fixed costs Operating prof Actual Results 17 000 $935,000 391.000 $544,000 275,800 $268.200 S tatic Budget 21000 $1.155,000 480 270 5674.730 288,800 $406,130 The flexible-budget...
udgeted Operating Profit (30 points) The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Dec- is in the process of preparing the flexible budget and understanding the results. Actual Flexible Static Results 11,000 Budget Budget 12,000 Sales volume (in units) Sales revenues Variable costs $242,000 $ $240,000 180,000 198,000 60,000 44,000 Contribution margin 45.000 40,000 Fixed costs...
Q Search Sheet Chapter_7_Inc-Class Group Work 2 (1) View Formulas Data Review + Share Home 051 Insert x v Page Layout fx 2 3 The actual information pertains to the month of June. As part of the budgeting process, Colonial Fencing Company developed the following static budget for September. Colonial is in the process of preparing the flexible budget and understanding the results. Actual Results 19.000 Flexible Budget Static Budget 20.500 Sales volume (in units) $ 615,000 10 Sales revenues...
Sutherland Company manufactures book bags and has provided the following information for June 2018 Click the icon to view the information) Requirements 1. Prepare a flexible budget performance report (Hint. You will need to calculate the flexible budget amounts for 7,000 units) 2. As the company owner, which employees would you praise or criticize after you analyze this performance report? Flexible Budget Performance Report For the Month Ended June 30, 2018 2 3 5 (1)-(3) Budget Flexible Sales Amounts Actual...
An advertising company uses flexible budgeting for both planning and control. One of the company's clients has asked to prepare an advertising campaign for a new product. The contract calls for paying the advertising company - 120 per design hour in the range from 150 to 200 hours. The advertising company has a staff of campaign designers. Customers are billed only for the time designers work on their project. Partner time is not billed directly to the customer. As part...
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