Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help in these questions. Please do them fast and accurate and correct, i have only 30 minutes Question 5 An unfavorable variable overhead

I need help in these questions. Please do them fast and accurate and correct, i have only 30 minutes

image text in transcribed

image text in transcribed

Question 5 An unfavorable variable overhead efficiency variance indicates that: the variable overhead cost-allocation base was not used efficiently B variable overhead items were not used efficiently the price of variable overhead items was less than budgeted the denominator level was not accurately determined Question 6 Moon Corporation used the following data to evaluate their current operating system. The company sells items for $20 each and used a budgeted selling price of $20 per unit. Actual units sold 200,000 units Budgeted units sold 203,000 units Budgeted Variable costs $1,250,000 Actual Variable costs $1,500,000 Actual Fixed costs $925,000 Budgeted Fixed costs $900,000 What is the static-budget variance of revenues? A $6,000 unfavorable B) $60,000 unfavorable C) $6,000 favorable D) 560,000 favorable

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

Recommended Textbook for

Fundamental Accounting Principles

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

20th Edition

1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870

More Books

Students also viewed these Accounting questions