Flexible budget (Refer to data in Exercise 7-26). Suppose the static budget was for 2,500 units of
Question:
Flexible budget (Refer to data in Exercise 7-26). Suppose the static budget was for 2,500 units of output. Actual output was 2,000 units. The variances are shown in the following report:
What are the price, efficiency, and sales-volume variances for direct materials and direct manufacturing labor? Based on your results, explain why the static budget was not achieved.
Transcribed Image Text:
Actual Results $18,870 Static Budget Variance $6,130 F $3,680 F Direct materials Direct manufacturing labor $25,000 $ 8,820 $12,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Flexible budget Refer to data in Exercise 726 A more detailed analysis underscores the fact that the ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
Suppose the static budget was for 24,000 units of output. The general manager is thrilled about the following report: Required Is the manager's glee warranted? Prepare a report that provides a more...
-
Based on the data in Exercise 7 and assuming that the average compensation per hour for staff is $45 and for partners is $140, prepare a professional labor cost budget for each department for Rollins...
-
Direct materials and direct manufacturing labor variances. GloriaDee, Inc., designs and manufactures T-shirts. It sells its T-shirts to brand-name clothes retailers in lots of one dozen. GloriaDees...
-
Mary, who is single, had the following items for 2016: Required: Determine Marys adjusted gross income for 2016. Salary $80,000 Loss on sale of 8 1244 small business stock acquired 3 years ago...
-
A toaster has a heating element of 15 and is connected to a 120-V outlet. Show that the current drawn by the toaster is 8 A.
-
Based on a survey of 4113 U.S. adults, researchers at Stanford University concluded that Internet use leads to increased social isolation. The survey was conducted by an Internet-based polling...
-
Consider a bank for which the average cost of lending each taka as a function of the size of the loan L is: The bank lends fifty-five loans of 1,600 taka, fifty-five loans of 1,225 taka, 200 loans of...
-
Theta Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Annual income is constant over the life of the project. Each project is expected to...
-
Evaluate the indefinite integral. ((92)5 + 4(92)) ((92) + 1) dz = 12 H
-
The firm is considering either leasing or buying new $19,000 equipment. The lessor will charge $12,000 a year for a two-year lease. The equipment has a two-year life after which time it is expected...
-
Journal entries and T-accounts. Prepare journal entries and post them to T-accounts for all transactions in Exercise 7-26, including requirement 2. Summarize how these journal entries differ from the...
-
Activity-based costing flexible-budget variances for finance-function activities. FastGrocery.com an online company that delivers groceries to its customers has the following information for its...
-
Refer to the financial statements and footnotes of Target given in Appendix B at the end of this book. All dollar amounts are in millions. Data From in Appendix B Required: 1. Where does Target...
-
How do genome-wide association studies (GWAS) and polygenic risk scores contribute to our understanding of the genetic basis of complex traits and common diseases, and what are the challenges in...
-
6. Gate Appliances has a return on assets ratio of 8%. a. If the debt to total assets ratio is 40%, what is the return on equity? b. If the firm had no debt, what would the return on equity be?
-
On December 31, 2009, the stock of Alpha Associates was trading at $37.90. The following information is provided. Calculate Alpha's trailing and forward P/E ratio. Calculate the: a. trailing P/E...
-
A laptop is a common fixture in most Ontarian households. Indeed, most Ontarian households have laptops, and many of them have more than 1. A sample of 12 Ontarians households produced the following...
-
When Daysa graduates from college next week, he plans to buy a new car that costs $37,000. He will finance the entire purchase price with an automobile loan from his credit union. The loan, which...
-
Beth Jones & Co. has grown from a small firm that originally included only Ms. Jones and one junior accountant to a regional firm with 7 partners and 21 professional staff members occupying four...
-
Calculate I, , and a for a 0.0175 m solution of Na 3 PO 4 at 298 K. Assume complete dissociation. How confident are you that your calculated results will agree with experimental results?
-
What is the molar solubility of PbI 2 in 0.10 M KI(aq)?
-
Give examples of three different levels of costs in a customer-cost hierarchy.
-
Show how managers can gain insight into the causes of a sales-volume variance by subdividing the components of this variance.
-
Show how managers can gain insight into the causes of a sales-volume variance by subdividing the components of this variance.
-
Errors discovered where as follows: a. Shipment to El Nido Branch amounting to Php20,000 with billing amount of Php28,000 was erroneously charged by home office to Caramoan. b. Shipment from home...
-
Oriole Furniture Company purchased treasury stock with a cost of $51000 during 2025. During the year, the company paid dividends of $24900 and issued bonds payable for proceeds of $885700. Cash flows...
-
According to SFAS 121, if the consolidated building asset grouping has suffered a permanent impairment, what account is written down first in recognizing the impairment loss. Multiple Choice...
Study smarter with the SolutionInn App