MANAGERIAL ACCOUNTING F/MGRS.
6th Edition
ISBN: 9781264100590
Author: Noreen
Publisher: RENT MCG
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Chapter 9, Problem 9.17P
To determine
Introduction:
Flexible budget performance report:
Under a flexible budget, to compare the actual performance (revenues and costs) with the budgeted performance (revenues and costs), a flexible budget performance report is used by a business enterprise at several levels of activity. The flexible budget makes it quite easy for the company to adjust static budget
To prepare: A flexible budget performance report that represents both revenues and spending variances and activity variances for September.
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The fixed budget for 20,900 units of production shows sales of $438,900; variable costs of $62,700; and fixed costs of
$142,000.
If the company actually produces and sells 27,300 units, calculate the flexible budget income.
Contribution margin
Flexible Budget------
---Flexible Budget at ---
Variable Amount
per Unit
Total Fixed
Cost
20,900 units
27,300 units
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Unit 4 Assignment
8.
In preparing a master budget, budgeted levels for production, manufacturing costs, and operating expenses normally are determined after preparing the sales
forecast.
True or False
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True
False
8 of 20
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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
Chapter 9 Solutions
MANAGERIAL ACCOUNTING F/MGRS.
Ch. 9 - Prob. 9.1QCh. 9 - Prob. 9.2QCh. 9 - Prob. 9.3QCh. 9 - Prob. 9.4QCh. 9 - Prob. 9.5QCh. 9 - Prob. 9.6QCh. 9 - Prob. 9.7QCh. 9 - Prob. 9.8QCh. 9 - Prob. 9.9QCh. 9 - Prob. 9.10Q
Ch. 9 - The Excel worksheet form on the next page is to be...Ch. 9 - Prob. 1TF15Ch. 9 - Prob. 9.1ECh. 9 - Prob. 9.2ECh. 9 - Prob. 9.3ECh. 9 - Prob. 9.4ECh. 9 - Prob. 9.5ECh. 9 - Prob. 9.6ECh. 9 - Prob. 9.7ECh. 9 - Prob. 9.8ECh. 9 - Prob. 9.9ECh. 9 - Prob. 9.10ECh. 9 - Prob. 9.11ECh. 9 - Prob. 9.12ECh. 9 - Prob. 9.13ECh. 9 - Prob. 9.14ECh. 9 - Prob. 9.15ECh. 9 - Prob. 9.16ECh. 9 - Prob. 9.17PCh. 9 - Prob. 9.18PCh. 9 - Prob. 9.19PCh. 9 - Prob. 9.20PCh. 9 - Prob. 9.21PCh. 9 - Prob. 9.22PCh. 9 - Prob. 9.23PCh. 9 - Prob. 9.24CCh. 9 - Prob. 9.25CCh. 9 - Prob. 9.26C
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