Homework Answers
ANSWER:
| Actual results | Flexible budget variance | Flexible budget | |
|---|---|---|---|
| Units | 11000 | 0 | 11000 |
|
Sales revenue variable costs |
$209000 $51900 |
$22000 F $2000 U |
$187000 $49900 |
|
Contribution margin fixed costs |
$157100 $16400 |
$20000 F $1400 U |
$137100 $15000 |
| Operating income | $140700 | $18600 F | $122100 |
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Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget...
Accounting question. Thanks. Complete the flexible budget variance analysis by filling in the blanks in the...
Accounting question. Thanks.
Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 9.000 travel locks for Gray, Inc (Click the icon to view the report) (For variances with a 50 value, make sure to enter "0" in the appropriate cells ) Flexible Budget Gray, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2018 Actual Flexible Budget Results Variance Units 9,000 Sales Revenue $ 171,000 Variable Costs...
Match each form to the correct definition Terms a. Flexible budget b. Flexible budget variance c....
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This Question: 5 pts 2012 (1 complete) Complete the Bible budget variance analysis bying in the...
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Exercise 08-4 Preparing a flexible budget performance report LO P1 0.85 points Xion Co. budgets a...
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Actual Results Flexible Budget Variance Flexible Budget Sales Activity Variance Master Budget Units 13,000 ? 2,000...
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Brodrick Company expects to produce 21,800 units for the year ending December 31. A flexible budget...
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Accounting question. Thanks.
Complete the flexible budget variance analysis by filling in the blanks in the partial flexible budget performance report for 9.000 travel locks for Gray, Inc (Click the icon to view the report) (For variances with a 50 value, make sure to enter "0" in the appropriate cells ) Flexible Budget Gray, Inc. Flexible Budget Performance Report (partial) For the Month Ended April 30, 2018 Actual Flexible Budget Results Variance Units 9,000 Sales Revenue $ 171,000 Variable Costs...
Match each form to the correct definition Terms a. Flexible budget b. Flexible budget variance c. Sales volume variance d Static budget e. Variance - Definitions 1. A summarized budget for several levels of volume that separates variable costs from foxed costs 2. A budget prepared for only one level of sales 3. The difference between an actual amount and the budgeted amount 4. The difference arising because the company actually earned more or less revenue, or incurred more or...
This Question: 5 pts 2012 (1 complete) Complete the Bible budget variance analysis bying in the blanks in the prac ! Click the icon to view the report) t budget performance report for 7.000 travel locks for Gable, Inc i Data Table (For variances with a 50 value, make sure to enter in the propriate oble, Inc Flexible Budget Performance Report para For the Month lnded April 30, 2018 Actual Flexible Budget Flexible Results Gable, Inc. Flexible Bud Performance Report...
FLEXIBLE BUDGET PERFORMANCE REPORT Top managers of Hannah Industries predicted 2018 sales of 14,400 units of its product at a unit price of $9.00. Actual sales for the year were 14,000 units at $11.50 each. Variable costs were budgeted at $2.10 per unit, and actual variable costs were $2.20 per unit. Actual fixed costs of $42,000 exceeded budgeted foed costs by $5,500. Prepare Hannah's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this...
fill in blanks. thanks.
i Data Table X Manco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month Ended September 30 Flexible budget Flexible Volume Actual variance Budget Master Budget Variance Output units 27,000 ? 30,800 Sales revenue S 253,500 S 5,100 F Less: Variable expenses 180,900 189.420 Contribution margin Less: Fixed expenses 16,500 ? 12 23,000 Operating income ? ? Print Done
Exercise 08-4 Preparing a flexible budget performance report LO P1 0.85 points Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $270,000. During June, the company produced and sold 10,800 units and incurred actual variable costs of $351,000 and actual fixed costs of $285,000. Actual sales for June were $885,000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately....
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