Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following budgeted and actual income statement

The following budgeted and actual income statements have been prepared for 2008 for WRL Company...

50.1K

Verified Solution

Question

Accounting

image
The following budgeted and actual income statements have been prepared for 2008 for WRL Company Actual (20,000 units) Budgeted (19,000 units) Sales Variable costs $480,000 390.000 $494,000 380.000 Contribution margin $ 90,000 $114,000 Fixed costs 92.000 85.000 Net income (loss) $ (2.000) $ 29,000 6. What was the selling price variance based on 2008 results? a $38,000 favourable b. $40,000 favourable C. $38,000 unfavourable d. $40,000 unfavourable e none of the above 7. What was the sales activity variance based on 2008 results? a. $24,500 favourable b. $6,000 favourable c. $24,500 unfavourable d. $6,000 unfavourable e none of the above 8. What was the variable cost variance for 2008? a. $9,500 favourable b. $10,000 favourable c. $9,500 unfavourable d. $10,000 unfavourable e none of the above

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

Meyer & Co. currently has no debt, but it can borrow at 8 percent. The firm...

Finance
Q

The name of the experiment is Preparation of Synthetic Banana oil. The name of the author...

Chemistry
Q

What “rules” are in place to ensure the success in an AA meeting and tellthe advantages...

Psychology
Q

38 The displacement of two identical particles executing SHM are represented by equations x 4sin...

Physics
Q

37 A man of mass m moves with a constant speed on a plank of...

Physics
Q

Matt is saving to buy a new motorcycle. If he deposits $45 at the end...

Basic Math
Q

The graph shows a relationship between the average number of hours 15 ninth graders spend...

Basic Math
Q

6 A geometric sequence has 32 as its first term and a common ration of...

Algebra
Q

39 The region that holds most of a eukaryotic a cell's...

Accounting
Q

Un minorista de productos electrnicos compra $20 000 en computadoras para revenderlas. El minorista gasta...

Accounting
Q

During the current year, Harry and Ron form Potter Corporation and transfer the following property,...

Accounting
Q

4) A treasurer has excess cash for the day and want to choose between the...

Finance