Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. multiple choice 1. a static budget report is appro

Multiple Choice 1. A static budget report is appropriate for a evaluating a manager's performance...

70.2K

Verified Solution

Question

Accounting

image
Multiple Choice 1. A static budget report is appropriate for a evaluating a manager's performance in controlling variable costs. b. fixed manufacturing costs and fixed selling and administrative expenses. c. variable costs and fixed costs. d. none of the above. 2. The flexible budget report includes all of the following sections except a. cost data for variable and fixed costs. b. data for excess of contribution margin over controllable fixed costs (controllable margin) c. production data for a selected activity index. d. All of the choices are included in a flexible budget report, 3. At 40,000 direct labor hours, the flexible budget for indirect labor is $160,000. If $172,000 of indirect labor costs are incurred at 44,000 direct labor hours, the flexible budget report should show the following difference for indirect labor. a. $12,000 favorable. b. $4,000 unfavorable c. $4,000 favorable. d. $12,000 unfavorable. Controllable fixed costs are deducted from the contribution margin to arrive at a. income from operations. b. net income. C. controllable margin. d. realized income. 5. The numerator in computing return on investment is a. controllable margin. b. average operating assets. c. contribution margin. d. net assets

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

7. A consumer psychologist wishes to determine whether playing music increases sales at a local department...

Statistics
Q

An unknown compound contains only C, H, and O. Combustion of 4.90 g of this compound...

Chemistry
Q

Discuss the steps in generating an action potential in a neuron. (Make sure to include which...

Medical Sciences
Q

Consider the reaction A B C D Under standard conditions at equiliubrium the concentrations of...

Biology
Q

A student constructs an inductor shown in Figure Q1a by winding an insulated metal wire...

Physics
Q

5 4 pts Complete the following table for the experiment rolling 2 dice and adding...

Statistics
Q

Use the seven step method described in the book to graph the following rational function...

Algebra
Q

Problem 3-12 Splish Company has a fiscal year ending on September 30. Selected data from...

Accounting
Q

Kropf Incorporated has provided the following data concerning one of the products in its standard...

Accounting
Q

Constance Company sells two products, as follows: \table[[,Selling Price per Unit,Variable Expense per Unit],[Product...

Accounting
Q

Peterson plc had 10 million ordinary shares in issue throughout the year ended 30 June...

Accounting
Q

A company is considering two investment options: Option 1: An investment of $45,000 today,...

Finance