Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 01, 2024

Use this flexible budget report for questions 7-11 Flexible Actual Budget Results Sales $960,000 $972,000 Variable costs $192,000 $240,000 contribution margin 768000 732000 fixed costs

Use this flexible budget report for questions 7-11 Flexible Actual Budget Results Sales $960,000 $972,000 Variable costs $192,000 $240,000 contribution margin 768000 732000 fixed costs 500000 490000 Net Income 268000 242000 What is the sales variance an is it favorable or unfavorable? O neither favorable or unfavorable $12,000 favorable There is no variance $12000 unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

=+ (a) Prove that I()(t)= fox'-1(log x)*e * dx.

Answered: 1 week ago

Question

★★★★★

Interpreting income tax disclosures. Exhibit 11.22 presents selected information from the notes to the financial statements of a manufacturer of equipment for farming, construction, and residential...

Answered: 1 week ago

Question

★★★★★

S. Olsen (beginning capital, $80,000) and M. Berry (beginning capital $120,000) are partners. During 2014 the partnership earned net income of $90,000, and Olson made drawings of $24,000 while Berry...

Answered: 1 week ago

Question

★★★★★

Ch. 4/Income from Business: General Concepts and Rules 253 14,875 ASSIGNMENT PROBLEMS Problem 1 ITA: 9; IT-218R A piece of land was purchased by Yacov Corporation Ltd. for the purpose of constructing...

Answered: 1 week ago

Question

★★★★★

For the following situation, identify the fallacy (or fallacies) associated with it. The Fallacies were 1) There are data mining tools that we can turn loose on our data repositories, and find...

Answered: 1 week ago

Question

★★★★★

Convert the following IPv6 address given in binary to its canonical text representation shown in step 1. 11010011 00000101 11111100 10101010 00000000 11000000 11100111 00111100 01010000 11000001...

Answered: 1 week ago

Question

★★★★★

Imagine your sister calls you and starts sharing the difficulty she is having at work with the team she is leading. Many members of her team are experiencing interpersonal conflict with each other...

Answered: 1 week ago

Question

★★★★★

Subject :- CREDIT & RISK MANAGEMENT Total Marks: 10 SEMESTER FALL 2021 CREDIT & RISK MANAGEMENT (FIN625) Assignment 2 - Due Date: February 22, 2022 Topic: COLLATERAL ABC bank is a well-established...

Answered: 1 week ago

Question

★★★★★

Portions of the financial statements for Parnell Company are provided below. PARNELL COMPANY Income Statement For the Year Ended December 31, 2024 ($ in thousands) Revenues and gains: Sales Gain on...

Answered: 1 week ago

Previous Question Next Question