Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. questions 1-3 are based on the following: deer cor

Questions 1-3 are based on the following: Deer Corporation uses the following data to evaluate...

70.2K

Verified Solution

Question

Accounting

image
image
image
Questions 1-3 are based on the following: Deer Corporation uses the following data to evaluate its operating performance: Actual Static Budget Units sold 510 500 Revenues $15,300 $14,000 Variable costs $9,69,0 $10,000 Fixed costs $1,200 $1,000 Question 1 Deer's flexible budget variance for operating income is: $80 favorable 0 $1,330 Favorable $1,410 favorable $1,330 unfavorable 3 Deer's static budget variance for operating income is: O $80 favorable $1,410 Unfavorable 0 $1,330 Favorable O $1,410 favorable Question 3 2 pts Which of the following statements about Deer's variances is true? The flexible budget variance for variable costs is $510 Unfavorable The flexible budget variance for revenue is $1,020 Unfavorable The static budget variance for operating income is $1,410 Unfavorable The flexible budget variance for fixed costs is $200 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

What considerations should a firm make when pricing their goods/services?

Physics
1.2K views

a) A block ice of mass 1kg has a temperature of -5°C and gets placed in...

Physics
1.2K views

5 16 A rectangular loop with a sliding connector of length 10cm is situated in...

Geometry
1.2K views

The diameter of a planet is about 21 130 mi The diameter of the planet...

Basic Math
1.2K views

A dart hits the circular dartboard shown below at a random point Find the probability...

Calculus
1.2K views

Match the equation with the surface it defines Also identify the surface by type paraboloid...

Algebra
1.2K views

Suppose Aaron is going to build a playlist that contains 10 songs In how many...

Accounting
1.2K views

In Boston, 50 restaurants threatened to stop accepting the...

Accounting
1.2K views

Blanton Plastics, a household plastic product manufacturer, borrowed $14 million cash on October...

Finance
1.2K views

Suppose the index model for stocks A and B is estimated from excess returns with...

Accounting
1.2K views

Etion 8 Jet wered ked out of Mr. Suhail is conscious to plant and protect...

Accounting
1.2K views

On July 1, the Company announced that it had determined that the inventory . ....