Flexible Budget using the information on Exhibit

1. You will need to get a budgeted rate per unit for the variable expenses like we did in class to make that happen.
b.) Calculate the breakeven in units based on the per unit costs you found in part a.
c.) Calculate the Level 2 variances and indicate if the variance is favorable or unfavorable. (This should be done on each individual account and for the total.)
d.) Calculate the level 3 variances (price and efficiency) for direct material, direct labor, and shipping costs, and indicate if the variance is favorable or unfavorable. (Assume that the direct material per completed unit is 1 unit of direct material for each unit completed.)
e.) Calculate the level 3 variances for overhead, both variable and fixed, and indicate if the variance is favorable or unfavorable. Assume that the company allocates their overhead based on direct labor hours. You may lump all individual line items of variable overhead together. You may do the same for fixed overhead.

What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.

Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.