User Account

All Pages

Calculate the total static budget variance

Assignment Help Cost Accounting
Reference no: EM133156978

Question - Squeaky Bear Poutine is a popular late-night take-out restaurant. The owner budgets to sell each classic poutine for $10. She budgets to sell 1,500 classic poutines per month and spend $4,500 on food. Due to road construction in front of the location in June, she only sells 1,000 classic poutines at a cost of $3.50 each, earning $9,500 in revenue.

Required -

a) Calculate the total static budget variance.

b) Calculate the total sales-volume variance.

c) Calculate the total flexible budget variance.

d) Explain the flexible budget variance.

e) Explain some possible reasons for the flexible budget variance.

f) Calculate the sales price variance.

g) Calculate the cost variance.

Reference no: EM133156978

Questions Cloud

Compute the aftertax cost of preferred stock : Preferred stock will be priced at $66 and pay a dividend of $6.50. The flotation cost on the preferred stock is $4. Compute the aftertax cost of preferred stock
Identify the communication problem or opportunity : "You are an independent marketing consultant who is approached by a local charity organisation, Shelter from the Storm. The organisation asks you to plan an int
Specific consequences of king assassination : What were one or two specific consequences of Dr. King's assassination? Explain whether you agree or disagree with their conclusions.
How situational leadership can benefit the organization : Explain how situational leadership can benefit the organization when faced with future challenges of Industry 4.0? Provide references and sources of information
Calculate the total static budget variance : Squeaky Bear Poutine is a popular late-night take-out restaurant. The owner budgets to sell each classic poutine for $10. Calculate total static budget variance
Advantages and disadvantages to compete internationally : Provide a detailed discussion on some of the benefits/advantages and/or disadvantages to compete internationally.
Develop an authentic environment : 1. What types of strategic choices do managers have when deciding on recruiting and selection efforts?
Provide an integrative approach to change for vao : It is 2022 and, the Board along with the Senior Executive Management, meet to determine the strategy and plan for the next 18 months:
Management of electronic and digital media : Jessica Lynn is the Director of Research for a TV duopoly in a medium-size southeastern market.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Compute the cost of goods transferred out in august

Compute the cost of goods transferred out in August and the cost of work-in-process ending inventory. Pantanal, Inc., manufactures car seats in a local factory

  What is her charitable contribution deduction

She contributes National Airways, Inc., common stock with a fair market value of $2,000 to the March of Dimes. What is her charitable contribution deduction

  What is the total budgeted direct labour hours for the year

Budgeted factory overhead for the company for the year was 3,200,000. What is the total budgeted direct labour hours for the year

  Revaluation into the financial statements

A company revalues its buildings and decides to incorporate the revaluation into the financial statements - relevant extracts from the financial statement at 31 December 20x8

  What is parents balance in investment in son inc

What is Parent's balance in "Investment in Son Inc." prior to consolidation on December 31, 201X and what is the basic elimination entry Parent would use in the consolidation worksheet on December 31, 201X?

  Which needs to be answered with regard to quality control

Actual overhead rates were very significant when actual production was substantially less than planned production. The most likely explanation is that

  Find for each computer the dollar markup

An Apple Computer Center sells computers for $1,258.60. Assuming the computers cost $10,788 per dozen, find for each computer the (a) dollar markup, (b) percent markup on cost, and (c) percent markup on selling price (nearest hundredth percent).

  Prepare a bank reconciliation for bills lawn care

The bank statement and the general ledger, prepare a bank reconciliation for Bill's Lawn Care as of June 30, 2014. Record any necessary journal entries.

  Measure the income of a business enterprise

Describe the factors to be considered in determining when revenue should be recognized in measuring the income of a business enterprise and describe the accounting alternatives that Bonanza Trading Stamps, Inc. could consider for the recognition o..

  Determine the full costing operating income

Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Determine the full costing operating income

  Prepare analysis on per unit basis showing finished bookcase

Variable finishing costs are expected to be $7 per unit with no increase in fixed costs. Prepare an analysis on a per unit basis showing whether Chudrick should sell unfinished or finished bookcases.

  Record the transactions in the general journal

Record the above transactions in the General Journal May 5. Purchased office supplies on account for $1,053.95 plus $49.25 GST

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