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please help me all questions! i appreciate your help!!! thank you! Question 1 When you want to review what was budgeted and what was actually
please help me all questions! i appreciate your help!!! thank you!
Question 1 When you want to review what was budgeted and what was actually spent this is called Variance Analysis. True False Question 2 To calculate the percentage variance of a line item, the calculation is: Actual - Budget O $ Variance Amount / Budget Budget / Actual O Variance Amount Budget Amount Question 3 When you compare every line item against revenue, this is known as Horizontal Analysis Budget Analysis No answer text provided, Vertical Analysis Dollar Analysis Question 4 When you want to compare variances of one year against several years, this is known as: Trend Analysis Forecasting Analysis Simplified Analysis GAAP Analysis > Question 5 When conducting a vertical analysis on a Balance Sheet this is used as the base number that every line item is divided by: Accounts Receivable oluntory Ats Question 6 If you have a total budget of $500,000 and the actuals come in at 5510,000, is that favorable or unfavorable? Favorable Unfavorable No answer text provided No answer text provided Question 7 Vertical and Horizontal Variance Analysis can be used on the Balance Sheet and Income Statement. O Trum O False Question 8 If I conducted a vertical variance analysis on an income Statement and the results for Technology was 9%, what does that mean? O The company exceeded the budget for Technology by 9% % of the company's spending is on Technology More should be spent on Technology Technology is under budget Question 9 - The calculation to determine the dollar variance is Variance Amount - Budget. O True False Question 10 2 pts Escaining the chart below, what could be a posible explanation for the TOTAL vance! Category Butteet Amount Actus Amount W $200,000 $220.000 $10.000 50.00 Training 515,000 315.000 $1.000 TOTAL $220.000 $235.100 s Variance 520 000 $10.000 50.00 3900 59.100 5100 www.100 c510.000 Otherhoog Step by Step Solution
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