Assume that a company provided the following excerpts of Information from its flexible budget performance report Actual Results Courses (91) students (92) Expenses: Administrative expense ($125+$25091 + $3092) What is the administrative expense activity variance? Multiple Choice O O $550 P $225 P $1.575 F 51125 8 260 $ 8,900 Flexible Planning Budget Budget 2 9 ? ? 270 $?

Assume that a company provided the following excerpts of Information from its flexible budget performance report Actual Results Courses (91) students (92) Expenses: Administrative expense ($125+$25091 + $3092) What is the administrative expense activity variance? Multiple Choice O O $550 P $225 P $1.575 F 51125 8 260 $ 8,900 Flexible Planning Budget Budget 2 9 ? ? 270 $?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

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Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Results Flexible Budget Planning Budget Flights (q) 52 ? ? Expenses: Wages and salaries ($4,000 + $88.00q) $ 8,450 ? $ 8,400 What is the spending variance for wages and salaries expense? Multiple Choice $176 U $126 F $176 F $126 U
Assume that a company provided the following excerpts of information from its flexible budget performance report: Flexible Planning Actual Results Budget 52 Flights (q) Expenses: Wages and salaries ($4,000+ $88.00g) What is the activity variance for wages and salaries expense? Multiple Choice O $176 U $176 F $66 F $66 U $ 8,510 Budget ? ? ? $ 8,400
Briefly (5-10) lines) give a written amswer to the following question: What function does an annual budget serve as a part of a company's performance measurement system and how can a budget be used to encourage goal congruence (or 'alignment')?
COTB MC Qu. 9-41 (Algo) Assume that the amount of one... Assume that the amount of one of a company's fixed expenses in its flexible budget is $46,000. The actual amount of the expense is $49,600 and the amount in the company's planning budget is $46,000. The spending variance for this expense is: Multiple Choice $0. $3,600 U.
a) Why do successful companies tend to use the bottom-up approach to establish a master budget? b) Green Tea’s data show the following information for the financial year, beginning July 2020: July Aug. Sept. Oct. Nov. Estimated sales (units) 25,000 25,000 27,000 27,500 28,000 Sales price per unit $31 $31 $31 $31 $31 Direct labour per unit $1.75 $1.75 $1.50 $1.50 $1.50 Labour rate per hour $21 $21 $24 $24 $24 New machinery will be added in September. This machine will reduce the labour required per unit and increase the labour rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month’s requirements. Direct material requires 2.5 kg per unit at a cost of $5 per kg. The ending inventory required for direct materials is 20% of the next month’s needs. In July, the beginning inventory is 3,750 units of finished goods and 13,125 kg of…
A company provided the following information from its flexible budget performance report: Actual Flexible Master Results Budget Budget Trips (q) 52 Expenses: Maintenance expense ($4,000 + $88.00g) $8,495 ? $8,400 What is the spending variance for maintenance expense? Multiple Choice None of the answers is correct. $176 U $81 U $81 F
Fran Powers created following budget and reported actual spending listed. Calculate the variance for each catagory and indicate whether it is Deficit or Surplus: Item Budggeted Actual Variance Deficit/Surplus Food $360 $298Automobile $320 $334Housing $950 $982Clothing $110 $134Personal $275 $231
Which of the following budgets allows for adjustments in activity levels? Oa, flexible budget Ob. static budget Oc. zero-based budget Od. continuous budget ( Previous to search 53°F Sunny a1 (中ツ prt sc 144
A company uses charging rates to allocate service department costs to the using departments. The accountant compiled the following information on one of the service departments: If Department K plans to use 1,350 hours of the service departments service in the coming year, how much of the service departments cost is allocated to Department K? a. 3,375 b. 27,300 c. 26,325 d. 23,950
Fran Powers created the following budget and reported the actual spending listed. Calculate the variance for each of these categories, and indicate whether it was a deficit or a surplus. (Input all amounts as positive values.) Food Item Transportation Housing Clothing Personal Budgeted $ $ $ $ $ Actual Variance Deficit/Surplus 360 $ 298 320 $ 334 950 $ 982 134 231 110 $ 275 $
The following information relates to a department of I. Graham Standard Costs and Operating Performance Measures Standard Costs and Operating Performance Measures 33. 357 Company for the fourth quarter 2018: Actual total overhead (fixed plus variable) Budget formula... Total overhead application rate... Spending variance Volume variance... P178,500 P110,000 plus PO.50 per hour P1.50 per hour P8,000 unfavorable P5,000 favorable ..... The total overhead variance is divided into three variances: spending, efficiency, and volume. What were the actual hours worked in this department during the quarter? 110,000 b. a. 137,000 153,000 с. 121,000 d. Refer to Question no. 33. What were the standard hours ailowed for good output in this department during the quarter? 105,000 b. 34. 120,000 115,000 a. C. 106,667 d. 35. Refer to Question no. 33. Each unit takes five hours to manufacture, and the selling price is P4.50 per unit. Based on the overhead budget fermula, how many units must be sold to…
! Ch 21: Homework Assignment (Graded) [The following information applies to the questions displayed below.] AirPro Corporation reports the following for this period. Actual total overhead Standard overhead applied Budgeted (flexible) variable overhead rate Budgeted fixed overhead Predicted activity level Actual activity level Standard overhead applied Budgeted (flexible) overhead Volume variance Volume Variance $ 31,620 $ 28,975 $ 31,620 Compute the volume variance and identify it as favorable or unfavorable. Unfavorable $ 2.10 per unit $ 11,500 11,500 units 10,200 units