Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 1 use the following information to answer

QUESTION 1 Use the following information to answer questions Q1-Q3. You are given the following...

70.2K

Verified Solution

Question

Accounting

image
QUESTION 1 Use the following information to answer questions Q1-Q3. You are given the following details: Actual Results 150,000 Static Budget 200,000 Units sold Contribution margin Fixed costs Operating income 225,000 155.000 $270.000 260,000 150,000 $ 110,000 The standard contribution margin per unit is $1.3. Requirement: Answer the following questions (01-03): 21.a The fixed cost flexible budget variance is $ QUESTION 2 Q1.b The variance type in the question above is put 1 favorable, or 2 it unfavorable) QUESTION 3 02.a The operating income sales volume variance is $ QUESTION 4 Q2. The variance type for the question abive is put favorable, or 2 it unfavorable) QUESTION 5 Q3.a The operating income static budget variance is $ QUESTION 6 3.b the variance type is (put 1 i favorable, or 2 if 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