Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Wooden Figurines Incorporated had developed the

The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department ofWooden Figurines Incorporated had developed the following static budget for the third quarter. Duck Decoy is in theprocess of preparing the flexible budget and understanding the results.Actual Flexible StaticResults Budget BudgetSales volume (in units) 13,000 ______12,000Sales revenues $257,500 _______ $250,000Variable costs 154,000 ________ 175,000Contribution margin 103,500 ________ 75,000Fixed costs 50,500 $ ________ 49,500Operating profit $ 53,000 $_________ $ 25,500

9) The flexible budget will report ________ for variable costs.A) $154,000

B) $175,000

C) $13,583

D) $189,58310) The flexible budget will report ________ for the fixed costs.A) $49,500 Favorable

B) $49,500C) $1,000 Unfavorable

D) $50,500

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

Werte Controlling Zur Ber Cksichtigung Von Wertvorstellungen In Unternehmensentscheidungen

Authors: Bernhard Hirsch

2002nd Edition

3824476568, 978-3824476565

More Books

Students also viewed these Accounting questions

Question

Explain how cultural differences affect business communication.

Answered: 1 week ago

Question

List and explain the goals of business communication.

Answered: 1 week ago