Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Baltimore Booms is a start up company that makes electronic sound amplifiers. The company has budgeted variable costs of $250 for each amplifier and fixed

Baltimore Booms is a start up company that makes electronic sound amplifiers. The company has budgeted variable costs of $250 for each amplifier and fixed costs of $12,000 per month. Baltimore Booms' static budget predicted production and sales of 220 amplifiers in August, but the company actually produced and sold 232 amplifiers, at a total cost of $68,000.

Baltimore Booms' total flexible budget cost for the actual number of amplifiers produced and sold is? a) 58,000 b) 60,000 c) 67,000 d) 70,000

Baltimore Booms' sales volume variance for total cost is? (also if unfavorable or favorable) a) 3,000 U b) 3,000 F c) 2,000 U d) 2,000 F

Baltimore Booms' flexible budget variance for total cost is (also note if unfavorable or favorable) a) 3,000 U b) 3,000 F c) 2,000 U d) 2,000F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions