Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 18, 2024

A catering manager used a flexible budget to analyze July's operating results. The utilities expense for the July was $925 and the flexible budget's utilities

A catering manager used a flexible budget to analyze July's operating results. The utilities expense for the July was $925 and the flexible budget's utilities expense was $1,100. Would this outcome be considered favorable or not favorable?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To determine whether the outcome is favorable or not favorab... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

1st Canadian Edition

9780132147538, 132889714, 013214753X , 978-0132889711

More Books

Students also viewed these Accounting questions

Question

A restaurant manager applied a flexible budget for the previous operating period The flexible budgets food cost was $12,560 and the actual food cost was $11,900 Would this outcome be considered...

Answered: 1 week ago

Question

★★★★★

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Answered: 1 week ago

Question

★★★★★

The adjusted trial balance columns of Falcetto Company's worksheet for the year ended December 31, 2017, are as follows. Debit Credit Cash Accounts Receivable Inventory Prepaid Insurance Equipment...

Answered: 1 week ago

Question

★★★★★

Calculate the specific volume (v) of propane at a pressure of 8 MPa and a temperature of 40oC using (a) The IG model. (b) The RG model. (c) The PC model

Answered: 1 week ago

Question

★★★★★

12-2. Para eliminar las inconsistencias en los servicios , las organizaciones dependen de _______________ y de ________________.

Answered: 1 week ago

Question

★★★★★

The event that exactly one of the three events A, B, and C in a sample space occurs is (a) (ABC) (b) (A B C) (c) ABC (d) (ABC) (ABC) (ABC) (e) AB C

Answered: 1 week ago

Question

★★★★★

Complete the following chart indicating the corresponding Auditing Standards Board assertions and whether the assertion relates to transactions, balances, ordisclosures. PCAOB Assertien Corresponding...

Answered: 1 week ago

Question

★★★★★

Abbott Corporation uses customers served as its measure of activity. During December, the company budgeted for 38,000 customers, but actually served 40,000 customers. The company has provided the...

Answered: 1 week ago

Question

★★★★★

The Scottie Sweater Company produces sweaters under the "Scottie" label. The company buys raw wool and processes it into wool yarn from which the sweaters are woven. One spindle of wool yarn is...

Answered: 1 week ago

Question

★★★★★

Read the OCC Guidelines Establishing Heightened Standards , and in particular read carefully the general comments (pp. 54518-54539) received by the OCC during the comment period prior to the guidance...

Answered: 1 week ago

Question

★★★★★

Thinking about your natural negotiation style, ask yourself: In general, when does your style help you and when does it not help you in negotiation situations? Now, think about how you can translate...

Answered: 1 week ago

Question

★★★★★

There are three (3) columns, the first column is the reduction of prevention costs, second column is progressive reduction of appraisal costs, and the last column is reduction of failure costs. 2.In...

Answered: 1 week ago

Question

★★★★★

( Scenario 1 4 - 1 ) After it launched, PlayWithMe contracted with three major search engines to show its advertisements any time a user searched for certain terms that were closely identified with...

Answered: 1 week ago

Question

★★★★★

There are three different methods commonly used for capturing network data. These are (1) using a network tap, (2) using a SPAN port on a switch, and (3) using a tool built into a network device...

Answered: 1 week ago

Question

★★★★★

Gross amount of invouce is $ 8 5 0 . there is no freight charge. date of invoice is 8 / 4 . terms of invoice are 3 / 1 0 , 2 / 1 5 and n / 3 0 . date of payment is 8 / 1 8 . find the cash discount....

Answered: 1 week ago

Question

★★★★★

oewok.7-1 MyAccountingLab Homework: Chapter 21 Score: 0 of 9 pts 1 of 5 (3 complete) HW Score: 34.22 %, 15.4 0f E21-24 (similar to) Question He Chicago Hosptal, a tapayng enthy estmates that it can...

Answered: 1 week ago

Question

★★★★★

What is a manufacturing system?

Answered: 1 week ago

Question

★★★★★

Identify each of the following financial ratios as follows: Profitability ratio (P) Asset management ratio (A) Liquidity ratio (L) Solvency ratio (S) ...... a. Inventory turnover ...... b. Debt...

Answered: 1 week ago

Question

★★★★★

What is the difference between a current liability for an uncertain amount and a contingent liability? Give an example of each and demonstrate how they differ with respect to the difference that you...

Answered: 1 week ago

Question

★★★★★

Due to a nationwide recession, PC Worlds merchandise inventory is gathering dust. It is now December 31, 2014, and the $162,000 that PC World paid for its ending inventory is $14,000 higher than...

Answered: 1 week ago

Question

★★★★★

A manager must make a decision on delivery alternatives. There are two shippers, A and B. Both offer a two-day rate. In addition, A offers a three-day rate and a nine-day' rate, and B offers a...

Answered: 1 week ago

Question

★★★★★

What is annual service level and how is it related to z?

Answered: 1 week ago

Question

★★★★★

A brick maker (BM) in Alberta mixes dry ink into its bricks to make them brown. BMs demand for dry ink is 60 tons per year. Currently, BM buys the dry ink from an import merchant that buys the ink...

Answered: 1 week ago

Previous Question Next Question