Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. create a flexible budget which, if any, of the fl

Create a flexible budget Which, if any, of the flexible budget variances should be...

90.2K

Verified Solution

Question

Accounting

image
image
Create a flexible budget
Which, if any, of the flexible budget variances should be investigated if using a 3% variance benchmark?
Master Budget 350,000 3,500,000 Actual 335,000 3,350,000 Variance 15,000 150,000 3 Units 4 Sales 5 Variable Costs: 6 Utilities 7 Maintenance & Supplies 9 Variable Payroll 10 Total Variable Costs 11 Contribution Margin 12 Fixed Costs: 13 Management Salaries 14 Rent 15 Depreciation 16 Total Fixed Costs 17 Operating Income 70,000 42,000 420,000 2,040,000 2,572,000 928,000 76,000 39,000 390,000 1,980,000 2,485,000 865,000 6,000 3,000 30,000 60,000 87,000 63,000 720,000 40,000 85,000 845,000 83,000 720,000 40,000 85,000 845,000 20,000 63,000 Variance 22 Units Flexible Budget Flex Budget 335,000 3,350,000 Var Faw/UnfayInvestigate? Actual 335,000 3,350,000 23 Sales 24 Variable Costs: 2 Utilities 26 Maintenance 27 Supplies 28 Variable Payroll 29 Total Variable Costs 30 Contribution Margin 31 Fixed Costs: 32 Management Salaries 33 Rent 34 Depreciation 35 Total Fixed Costs 36 Operating Income 76.000 39,000 390.000 1,980,000 2,485,000 S65,000 720,000 40,000 35.000 S45,000 20.000 Sheet She Sheet

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

Q

Describe gas exchange during external respiration and internal respiration, including how the partial pressure gradients determine the...

Medical Sciences
Q

Professor Wendy Smith has been offered the following​ opportunity: A law firm would like to retain...

Finance
Q

Immunology Describe the two signals needed to activate B and T cells Describe the structure of a...

Biology
Q

A 21 kg block is being dragged over a rough surface with a 190 N...

Physics
Q

Tutorial Exercise Find the value of the expression See Examples 3 5 Objective 2 9...

Basic Math
Q

please show all work periodic method 15. On August...

Accounting
Q

Which of the following types of adjustments to the government fund financial statements are necessary...

Accounting
Q

Part 1 It is January 1, 2015, the first business day of the month,...

Accounting
Q

The Carrot Company sold extended warranties for its vacuum cleaners which it sold. The company...

Accounting
Q

n amount of $5000 was invested with an annual interest rate of 5.5% compounded monthly....

Finance
Q

On June 1, Bonita Company borrows $106,500 from First Bank on a 6-month, $106,500,8% note....

Accounting
Q

You were lucky enough to be named Chairperson of the Elmira College Annual Faculty Golf...

Accounting