Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. contemporary furniture manufactures office desks.

Contemporary furniture manufactures office desks. The company budgeted to sell 5,000 desks at $200.00 per...

60.1K

Verified Solution

Question

Accounting

Contemporary furniture manufactures office desks. The company budgeted to sell 5,000 desks at $200.00 per desk in 2018. Budgeted costs include $80.00 variable cost per desk, and $200,000 fixed costs/year. In 2018 the company sold 6,000 desks at $190.00, and incurred $78.00 variable cost per desk and $220,000 fixed cost for the year. Required: Prepare, in proper form, a variance analysis report identifying both flexible budget and sales-volume variances. Label all component variances as (F) (favorable) or (U) (unfavorable)

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

Statistics
1.2K views

5. Nineteen people move out of a neighborhood; four are minorities. Of the nineteen, eight move...

Finance
1.2K views

Set up an amortization schedule that amortizes $500,000 with 5 years of cyclical quarterly payments. The...

Physics
1.2K views

An electric dipole consists of two equal and opposite point charges and 9 separated by...

Accounting
1.2K views

LUTCHCRUCHTV5! Sarasota, Inc. is a furniture manufacturing company with 50 employees. Recently, after a long...

Accounting
1.2K views

Which of the following is considered a profitability ratio?: * a. Return on...

Accounting
1.2K views

Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has...

Accounting
1.2K views

Determine the due date and the amount of interest due at maturity on the following...

Accounting
1.2K views

15) Which of the following is a common assumption in the balanced scorecard? -An organization...

Accounting
1.2K views

PLEASE USE THIS INFORMATION TO FILL OUT: 1) Individual return: form 1040 2019 2) Itemized...

Accounting
1.2K views

Notes payable are reported as liabilities on the balance sheet. The portion of the note...

Accounting
1.2K views

QUESTION 2 (48 marks)(88 minutes) ICY Ltd was founded in East London in 2010 and...

Accounting
1.2K views

QUESTION TWO Saint Augustine University of Tanzania has provided the following data to be used...