8. You are More than a Grade (YMG) manufactured 10,000 units in the previous yeat. Anecterpt from their firuncial statement tus been provided below: o Sales Revenue $1,000,000 o Cost of Goods 5 old ($400,000) o SGQAexpenses ($100.000) o Operating incorme $500.000 Of the amounts reperted on the financial statements, 20% of the cost of goods sold and 60 of the scsA cupenses arevaristle cols What o the oer untyanible cont 35.00 moit variable cos $600 unit variable cont $1400 urht varisble cont \$4.00 unit variable cost Chick. Fil A are the Lord's Calories (CLC) had the following direct labor amounts for the period: Wisat is the gicice variance? \$16.800 favarable pe vee varlance $12000 unfiavor able grice vatiance: $8.000 tworabile unce varlance 12.400 unt noodale make valanke. Which of the following statements is true? It is recommended when making a budget to incorporate a conservative amount of slack to account for unexpected cvents. An example of an unfavorable variance is when actual expenses are less than butgeted expenses. Budgets are estimates for revenue and expenditures that are used to set, achieve, and evaluate an organitation's goals Static budgets are generated at the beginning of the year and then subsequently updated for the actual level of volume that occurs during the period An example of a favorable variance is when actual revenue is less than budgeted revenoc. 8. You are More than a Grade (YMG) manufactured 10,000 units in the previous yeat. Anecterpt from their firuncial statement tus been provided below: o Sales Revenue $1,000,000 o Cost of Goods 5 old ($400,000) o SGQAexpenses ($100.000) o Operating incorme $500.000 Of the amounts reperted on the financial statements, 20% of the cost of goods sold and 60 of the scsA cupenses arevaristle cols What o the oer untyanible cont 35.00 moit variable cos $600 unit variable cont $1400 urht varisble cont \$4.00 unit variable cost Chick. Fil A are the Lord's Calories (CLC) had the following direct labor amounts for the period: Wisat is the gicice variance? \$16.800 favarable pe vee varlance $12000 unfiavor able grice vatiance: $8.000 tworabile unce varlance 12.400 unt noodale make valanke. Which of the following statements is true? It is recommended when making a budget to incorporate a conservative amount of slack to account for unexpected cvents. An example of an unfavorable variance is when actual expenses are less than butgeted expenses. Budgets are estimates for revenue and expenditures that are used to set, achieve, and evaluate an organitation's goals Static budgets are generated at the beginning of the year and then subsequently updated for the actual level of volume that occurs during the period An example of a favorable variance is when actual revenue is less than budgeted revenoc
