subject
Business, 12.04.2021 23:20 yoyo4396

Bay City Company’s fixed budget performance report for July follows. The $587,000 budgeted total expenses include $400,000 variable expenses and $187,000 fixed expenses. Actual expenses include $177,000 fixed expenses. Fixed Budget Actual Results Variances Sales (in units) 8,000 6,900 Sales (in dollars) $ 640,000 $ 614,100 $ 25,900 U Total expenses 587,000 553,000 34,000 F Income from operations $ 53,000 $ 61,100 $ 8,100 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer
Answers: 1
question
Business, 22.06.2019 09:50
Acar manufacturer uses new machines that automatically assemble an engine from parts fed to the system. the machine can regulate the speed ofassembly depending on the number of parts produced. which type of technology does this machine use? angenoem mense wat ons in matin en esta va ser elthe machine uses
Answers: 3
question
Business, 22.06.2019 10:50
Bill dukes has $100,000 invested in a 2-stock portfolio. $62,500 is invested in stock x and the remainder is invested in stock y. x's beta is 1.50 and y's beta is 0.70. what is the portfolio's beta? do not round your intermediate calculations. round the final answer to 2 decimal places.
Answers: 2
question
Business, 23.06.2019 00:00
Asap! the following information is given for tripp company which uses the indirect method.
Answers: 1
You know the right answer?
Bay City Company’s fixed budget performance report for July follows. The $587,000 budgeted total exp...
Questions
question
Mathematics, 14.01.2021 06:10
question
English, 14.01.2021 06:10
question
Mathematics, 14.01.2021 06:10
question
Mathematics, 14.01.2021 06:10
Questions on the website: 13722361