User Account

All Pages

Calculate the fixed administrative cost variance

Assignment Help Accounting Basics
Reference no: EM133164385

Question - The actual and budgeted income statement for Bend Industries is provided.

 

Income Statement

 

Actual

Budget

 

Revenues

$235,400

$236,250

Variable manufacturing costs

$93,625

$93,450

Variable marketing costs

$18,832

$18,375

Contribution margin

$122,943

$124,425

Fixed manufacturing costs

$44,500

$45,000

Fixed marketing costs

$31,500

$30,000

Fixed administrative costs

$27,500

$25,000

Operating profit

$19,443

$24,425

Required - Calculate the fixed administrative cost variance and indicate whether it is Favorable (F) or Unfavorable (U).

a. $1,500 F

b. $2,500 F

c. $1,450 U

d. $2,500 U

Reference no: EM133164385

Questions Cloud

Calculate the depreciation expense per year : Calculate the depreciation expense per year using the straight line method. Explain your answer to letter d in a few short sentences
Meeting the required job expectations : One source I would use is managers because they should be in charge of the employees anyways and they should know what the job entails along with how the employ
How much will be the value of the annuity : If in 1) payments are made in the beginning of the year, how much will be the value of the annuity assuming that interest rate is 8% in each case
Compute the company net cash used in investing activities : It did not sell or retire any property, plant, and equipment during the year. Compute the company net cash used in investing activities
Calculate the fixed administrative cost variance : Calculate the fixed administrative cost variance and indicate whether it is Favorable (F) or Unfavorable (U)
What is the breakeven point in units : Assume a sales price per unit of $20, variable cost per unit $15, and total fixed costs of $23040. What is the breakeven point in units
Calculate the total variance for an increase : The standard deviation of the market-index portfolio is 20%. Calculate the total variance for an increase of 8.54% (percentage points)
Terminate patient from the physician practice : In general, with proper notice, a physician can terminate a patient from the physician's practice.
Open the allowance for bad debts account for the year : On 1 January 2020 the amount for this brought forward from the previous year was P320. Open the allowance for bad debts account for the year

Reviews

Write a Review

Accounting Basics Questions & Answers

  Val hooper deposited 11600 in the bank on january 1 a few

the following situations involve the application of the time value of money concept 1. jan cain deposited 19500 in the

  By what amount did the fund grow during the year period

Red Company invested $20,000 in a fund that was earning interest at a rate of 4.00%, By what amount did the fund grow during the 6 year period

  Step income statement for alpha for the year ending

A multiple step income statement for Alpha for the year ending December 31, 2012.  The income statement must be prepared in proper form and format including all relevant headings, sections, captions, titles, totals, subtotals, and disclosures one ..

  Discuss two importance of standard costing

Standards per surfski Direct materials 3 kilograms of input at $5.50 per kilogram, Discuss two importance of standard costing

  An end of the month 13108 inventory showed that 120 units

1-a remittance advice attached to a company check provides. a- details about the running cash balance in the checking

  Determining the ratios for the company

Locate a publicly traded U.S. company of your choice. Then, calculate the following ratios for the company for 2014 and 2015:

  What amount of employee benefit expense should be recorded

The defined benefit obligation was Php 1,250,000 and the lump sum payment was Php1,000,000. What amount of employee benefit expense should be recorded

  How are fasb discussion memoranda and fasb exposure drafts

How are FASB discussion memoranda and FASB exposure drafts related to FASB "statements"?

  Describe the steps in the communication process as ALF

Why is ALF successful when other organizations sending the same basic message are not? Is there anything ALF could do to increase its effectiveness?

  Beazer homes usa please respond to the followingexplain

beazer homes u.s.a.. please respond to the followingexplain which is more serious the allegations against beazer homes

  What is the cost of goods available for sale

Northwest Fur Co. started 2018 with $95,000 of merchandise inventory on hand. What is the cost of goods available for sale

  What is an adjusting entry

What is an 'adjusting entry' as it relates to financial statement preparation? How would a company's balance sheet/income statement be impacted

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd