Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. complete the following partial flexible budget per

Complete the following partial flexible budget performance report, and indicate whether each variance...

50.1K

Verified Solution

Question

Accounting

Complete the following partial flexible budget performance report, and indicate whether each variance is favorable or unfavorable. The company budgets a selling price of $80 per unit and variable costs of $35 per unit. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.)
\table[[Flexible Budget Performance Report],[For Month Ended June 30,\table[[Flexible Budget],[ units)]],\table[[Actual Results],[ units)]],Variances,Favorable/Unfavorable],[Sales,,,21,000,Favorable],[Variable costs,,351,000,,],[Contribution margin,486,000,,,],[Fixed costs,270,000,285,000,,],[Income,,,,]]
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

1. What is special about Loose connective tissue: (Dermis of skin from Palm/Sole)?//What is special about...

Advance Math
1.2K views

Previously, we listed all 29 topologies on the set X={a,b,c}. However, some of the resulting topological...

Biology
1.2K views

What is the main difference between a hormone and a neurotransmitter Check all that apply...

Biology
1.2K views

1 Which activity directly contributes the most to recent increases in atmospheric CO concentrations A...

Physics
1.2K views

A Prove that t t In 2 In No Nt determines the half life of...

Physics
1.2K views

If you connect in series three resistors with the values of 16 0 22 0...

Physics
1.2K views

A jet of water with cross section of 6 cm strikes a wa at an...

Geometry
1.2K views

You can calculate a distance across water using a surveying technique as shown in the...

Basic Math
1.2K views

4 7 9 E 4 6 7 8 and F 3 5 6 7 9...

Basic Math
1.2K views

A tree has 99 400 leaves before autumn Once autumn begins the number of leaves...

Accounting
1.2K views

On 1/1/2021, Green Ltd. borrowed $50,000 from XYZ Bank for 5 years at 4%. Equal...

Accounting
1.2K views

Industrial and consumer prducts have similar characteristics and can be sold through similar channels. Select...