Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pablo Escobar, the Green Emeralds accountant, did not do much in the cost accounting class. As a result, you don't quite remember what titles are

image text in transcribed

Pablo Escobar, the Green Emeralds accountant, did not do much in the cost accounting class. As a result, you don't quite remember what titles are put on the worksheet for variance analysis. At least you have placed the information correctly, albeit incompletely! Unfortunately, he was fired. You have just been recruited and the first task you have is to fill in the missing information Actual Performance Performance Budget CURRENT LEVEL BUDGET 10,00 9,100 Units sold Revenue 10,000 $85,000 $5,000 Unfavorable $7,880Favorable $8,100 Favorable $3,600 Unfavorable Variable Cost $40,000 $36,400 Fix Cost $16,560 $18,280 $18,280 $1,720 Favorable $36,320 $31,720 Operating Income $27,220 How much is the total flexible budget variance? Select one: to $4,600 Favorable b. $ 9,100 Favorable c. $4,600 unfavorable d. $ 9100 unfavorable

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_2

Step: 3

blur-text-image_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

Auditing Trust And Governance Developing Regulation In Europe

Authors: Reiner Quick, Stuart Turley, Marleen Willekens

1st Edition

0415448905, 9780415448901

More Books

Students also viewed these Accounting questions