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Krause Industries has rathered the following information about the actual sales revenues and expenses for its Food Services serment for the most recent year. Performance
Krause Industries has rathered the following information about the actual sales revenues and expenses for its Food Services serment for the most recent year. Performance Report Krause Industries - Food Services Segment For Fiscal Year Ending December 31 Aun Budgcted Less: Variable Experses: Variable Cost of Goods Sold 201,520 190,000 Variable Operating Expenses 229,632 240,000 Total Variable Experies 131,152 130,000 Less Direct Fixed Experses: Fixed Manufacturing Overhead 102,600 100,000 Fixed Operating Expenses 27,000 25,000 Total Direct Fixed Expenses 129,600 125,000 Less Common Fixed Expenses 17,775 16,000 Total Costs $578,527 $571.000 Krause has adopted the policy of having its segment managers investigate fully any unfavorable variances under the control of segment managers which are in excess of 5% of the line item budgct. Under that policy, which incitems on the Performance Report will be investigated? D Question 1 1 pts Variable Cost of Goods Sold Truc False Question 2 Variable Operating Expenses. True Question 3 Fixed Manufacturing Overhead. O True False Question 4 Fixed Operating Expenses. True O False Question 5 Common Fixed expenses. True O False
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