Jack Jensen is looking at the latest budget report and sees a static budget amount and a flexible budget amount Data is as follows Budget Sales 1,000 units $10 00 per unit Actual Sales 1,200 units $9 00 per unit Please explain to Jack the difference between a static budget and flexible budget using the above information as the example Jessica Martinez is reviewing her cash budget and has questions about the cash collections over a three month period The information includes that October sales are to be collected over a three month period and only 98 of the October sales are going to be collected in total Please explain to Jessica what assumptions were made concerning the collections of October sales Ann Frank (new CEO of Frank Enterprises) is looking at the variance reports and has some questions for you She noticed that the standard or budgeted cost per unit was $30 00 How is that number calculated She noticed that the price variance was favorable while the efficiency variance was unfavorable What caused those variances to be that way How can they be improved Jack Jensen is looking at the latest budget report and sees a static budget amount and a flexible budget amount Data is as follows Budget Sales 1,000 units $10 00 per unit Actual Sales 1,200 units $9 00 per unit Please explain to Jack the difference between a static budget and flexible budget using the above information as the example Jessica Martinez is reviewing her cash budget and has questions about the cash collections over a three month period The information includes that October sales are to be collected over a three month period and only 98 of the October sales are going to be collected in total Please explain to Jessica what assumptions were made concerning the collections of October sales Ann Frank (new CEO of Frank Enterprises) is looking at the variance reports and has some questions for you She noticed that the standard or budgeted cost per unit was $30 00 How is that number calculated She noticed that the price variance was favorable while the efficiency variance was unfavorable What caused those variances to be that way How can they be improved

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Jack Jensen is looking at the latest budget report and sees a static budget amount and a flexible budget amount. Data is as follows: Budget

Jack Jensen is looking at the latest budget report and sees a static budget amount and a flexible budget amount. Data is as follows:

Budget Sales 1,000 units @ $10.00 per unit

Actual Sales 1,200 units @ $9.00 per unit

Please explain to Jack the difference between a static budget and flexible budget using the above information as the example.

Jessica Martinez is reviewing her cash budget and has questions about the cash collections over a three-month period. The information includes that October sales are to be collected over a three-month period and only 98% of the October sales are going to be collected in total. Please explain to Jessica what assumptions were made concerning the collections of October sales.

Ann Frank (new CEO of Frank Enterprises) is looking at the variance reports and has some questions for you.

She noticed that the standard or budgeted cost per unit was $30.00. How is that number calculated?

She noticed that the price variance was favorable while the efficiency variance was unfavorable. What caused those variances to be that way? How can they be improved?

Jack Jensen is looking at the latest budget report and sees a static budget amount and a flexible budget amount. Data is as follows:

Budget Sales 1,000 units @ $10.00 per unit

Actual Sales 1,200 units @ $9.00 per unit

Please explain to Jack the difference between a static budget and flexible budget using the above information as the example.

Jessica Martinez is reviewing her cash budget and has questions about the cash collections over a three-month period. The information includes that October sales are to be collected over a three-month period and only 98% of the October sales are going to be collected in total. Please explain to Jessica what assumptions were made concerning the collections of October sales.

Ann Frank (new CEO of Frank Enterprises) is looking at the variance reports and has some questions for you.

She noticed that the standard or budgeted cost per unit was $30.00. How is that number calculated?

She noticed that the price variance was favorable while the efficiency variance was unfavorable. What caused those variances to be that way? How can they be improved?