Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pebble beach corporation had a budget of $250,000

Pebble Beach Corporation had a budget of $250,000 for fixed costs last year. Pebble Beach...

70.2K

Verified Solution

Question

Accounting

Pebble Beach Corporation had a budget of $250,000 for fixed costs last year. Pebble Beach Corporation budgeted the production of 20,000 units last year. Last year's fixed costs totaled $256,000 for the production of 22,000 units.

Show your calculations for credit and calculate the following:

  1. Fixed cost spending variance and indicate whether it is favorable or unfavorable.
  2. Fixed cost volume variance and indicate whether it is favorable or unfavorable.
  3. Explain why the cost volume variance is favorable or 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

Finance
1.2K views

Colorado Equipment is evaluating two financing options to raise $10 million for an expansion project. Colorado...

Chemistry
1.2K views

An ideal monatomic gas at an initial temperature of 500 K is expanded from 5.0 atm...

Geometry
1.2K views

Select one 1 543 O 2 1 A 543 2 10 1 2 3 4...

Geometry
1.2K views

Lesson 16 2 Checkpoint Once you have completed the above problems and checked your solutions...

Basic Math
1.2K views

37. A car is purchased for in 2015 for $36,000. It loses 20% of its...

Statistics
1.2K views

Recently the Centers for Disease Control and Prevention estimated 9 4 of children under the...

Accounting
1.2K views

I need help on the last part please. Thank you! ...

Accounting
1.2K views

Flint Corporation is a multi-product firm. The following information concerns one of its products, the...

Accounting
1.2K views

Jack Henry borrowed $856,000 from Walt Bank to open a new bike store called Wooden...

Accounting
1.2K views

please make journal entries of all these question using suspense account in those entries (example...

Accounting
1.2K views

Baldwin's balance sheet has $87,872,000 in equity. Further, the company is expecting net income of...

Finance
1.2K views

RoadRollers Paving Company is considering buying a new asphalt laying machine. The machine costs $2,300,000...