The total static budget variance for KCC Ltd. for the month of December was $7,000 U. The

Question:

The total static budget variance for KCC Ltd. for the month of December was $7,000 U. The total flexible budget variance was $3,000 U. The actual results for the month showed net operating income of $3,000.

Required:

What amount of operating income (loss) would the flexible budget have shown for December?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction to Managerial Accounting

ISBN: 978-1259103261

4th Canadian edition

Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

See More Books

Question Posted: Jan 29, 2020 12:42 PM

See More Questions

Complete the performance report shown in S10-3 by filling in all missing values. Be sure to label each variance as favourable (F) or unfavourable (U). Then, answer the following questions: In Short...
The Putnam Company produces engine parts for car manufacturers. A new accountant intern at Putnam has accidentally deleted the companys variance analysis calculations for the year ended December 31,...
The Ono Tuna Company uses flexible budgets at the end of each period to evaluate the financial performance of each operating unit. As the accountant in charge, you have been asked to explain to...
Consider the hypothetical eutectic phase diagram for metals A and B, which is similar to that for the lead-tin system, Figure 9.8. Assume that (1) and phases exist at the A and B extremities of the...
What is the probability of recovering the native conformation (as judged by biological activity) of a dimeric protein, each of whose subunits contains three disulfide bonds? Assume that the disulfide...
Using the High-Low Method to Estimate Fixed Costs Refer to the data in PE 20-9. Using the high-low method, estimate the fixed costs per month based on the variable cost rate (computed in PE 20-9).
What can you begin to do to change behaviors during your transition? AppendixLO1
Holden Graham started The Graham Co., a new business that began operations on May 1. The Graham Co. completed the following transactions during its first month of operations. May 1 H. Graham invested...
The current term structure is shown here: Time to Maturity (Year): 0, 1, 2, 3, 4, 5 Interest Rate (%): 1, 2, 3, 4, 5, 6 (7 marks) Calculate the current price of a government bond with a face value of...
An IP datagram has arrived with the following partial information in the header (in hexadecimal): 45000054 00030000 2006... a. What is the header size? b. Are there any options in the packet? c. What...
A plant manager hired a large number of replacement production workers at the start of March because he was able to hire them for much less than the usual wage rate. As a result, the direct labour...
Omega Ltd. manufactures digital compasses for navigation. The companys total overhead budget for April for the manufacture of 4,000 units was $99,200. Overhead is applied on the basis of direct...
Questions that will require the stores manager to look up calendars and logs to answer them accurately.
A sample of 16 items provides a sample standard deviation of 9.5. Test the following hypotheses using a = .05. Ho: 0250 2 Ha > 50 a. Calculate the value of the test statistic (to 2 decimals). 27.08...
During May, Darling Company incurred factory overhead costs as follows: indirect materials, $1,170; indirect labor, $2,000; utilities cost, $1,270; and factory depreciation, $5,850. Journalize the...
Practice 1 Let f(0) = cos(0). For each interval in the table below, determine the characteristics of f(e) Positive or negative Increasing or decreasing Concave up or concave down Let g(0) = 00
Given the following differential equation, dydx = sin ( x + y ) Find the following: ( a ) The substitution u = ( b ) The transformed differential equation dudx = ( c ) The implicit solution, given...
Consider the following type declarations TYPE Alinteger; A2 pointer to float; A3 pointer to integer; T1 structure (x: integer; } T2 structure (x: A1; next pointer to integer; } b float; } a :...
Barnsley, Thompson, and Barnsley (1985, p. 24) examined the birth months of National Hockey League players in the United States and Canada. They hypothesized that traditional rules stating that a...
How many years will it take a $700 balance to grow into $900 in an account earning 5%?
Bill has just returned from a duck hunting trip. He has brought home eight ducks. Bills friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John has presented him...
Profits have been decreasing for several years at Pegasus Airlines. In an effort to improve the companys performance, consideration is being given to dropping several flights that appear to be...
Andretti Company has a single product called a Dak. The company normally produces and sells 60.000 Daks each year at a selling price of $32 per unit. The companys unit costs at this level of activity...
According to the capital asset pricing model (CAPM), where does an assets expected return come from? Please explain each component.
Kappa SA in 2021 had pre-tax profits of 100,000, equity of 450,000 and a return on equity of 20%. How much did equity increase in 2021? Choose one: a. 100,000 b. Not at all c. None of the suggested...
Suppose a seven-year, $1,000 bond with a 9.04% coupon rate and semiannual coupons is trading with a yield to maturity of 6.67%. a. Is this bond currently trading at a discount, at par, or at a...

The total static budget variance for KCC Ltd. for the month of December was $7,000 U. The

Question:

Step by Step Answer:

Total flexible budget variance income 3000 U Flexible budget variance is the difference between ...View the full answer

Introduction to Managerial Accounting

Students also viewed these Business questions