Business, 31.03.2020 16:36 markmoroney22

The actual information pertains to the month of June. As a part of the budgeting process, Great Cabinets Company developed the following static budget for June. Great Cabinets is in the process of preparing the flexible budget and understanding the results.
Actual Results Flexible Budget Static Budget Sales volume (in units) 17,000 21,000
Sales revenues $935,000 $$1,155,000
Variable costs 391,000 480,270
Contribution margin 544,000 674,730
Fixed costs 275,800 268,600 Operating profit $268,200 $406,130
The flexible-budget variance for variable costs is.
a. $2,210 unfavorable
b. $202,275 unfavorable
c. $89,270 favorable
d. $137,930 favorable
The sales price variance is
a. $220,000 unfavorable
b. $128,400 unfavorable
c. $9,410 unfavorable
d. $0
The static budget variance is
a. $9,410 unfavorable
b. $128,520 unfavorable
c. $137,930 unfavorable
d. $220,000 unfavorable

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 07:50

Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.

Answers: 2

Answer

Business, 22.06.2019 16:40

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?

Answers: 3

Answer

Business, 22.06.2019 21:30

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.

Answers: 1

Answer

Business, 22.06.2019 21:40

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?

Answers: 2

Answer

You know the right answer?

The actual information pertains to the month of June. As a part of the budgeting process, Great Cabi...

Questions