User Account

All Pages

Compute the static budget and the flexible-budget variances

Assignment Help Accounting Basics
Reference no: EM131903692

Question - The systems consulting department of Gullickson Golf Products designs systems for data collection, encoding, and reporting to fit the needs of other departments within the company. The cost driver for costs in the systems consulting department is the number of requests made to the department. The expected variable cost of handling a request was $500, and the number of requests expected for June 20X1 was 75. Gullickson budgeted its monthly fixed costs for the department (salaries, equipment, depreciation, space costs) at $65,000.

The actual number of requests serviced by systems consulting in June 20X1 was 90, and the total costs incurred by the department was $124,000. Of that amount, $78,000 was for fixed costs.

Compute the static budget variances and the flexible-budget variances for variable and fixed costs for the systems consulting department for June 20X1.

Reference no: EM131903692

Questions Cloud

How should Jennifer go about making her decision : How should Jennifer go about making her decision? What kind of additional data or information should she collect?
Compute the profit margin and asset turnover : Barr Company had total assets of $320,000 in 2008, Compute the profit margin, asset turnover, return on assets, and return on equity for 2009 and 2010
What problem might occur : Suppose that a clock interrupt occurs while some thread is executing in the runtime system. What problem might occur? Can you suggest a way to solve it?
What is meant by pre-RFP-proposal marketing : Describe what is meant by pre-RFP/proposal marketing. Why should contractors do it? Discuss why contractors must make bid/no-bid decisions and the factors.
Compute the static budget and the flexible-budget variances : Compute the static budget variances and the flexible-budget variances for variable and fixed costs for the systems consulting department for June 20X1
Drag force on a moving object : At high Reynolds number, the drag force on a moving object becomes largely independent of the viscosity of the fluid.
What effects might spelling and abbreviation errors : What effects might spelling and abbreviation errors have on you, the provider, and the patient?
Describe the purpose of a proposal : Define proposal and describe the purpose of a proposal. In addition, list the three major sections of a proposal and the purpose and elements of each.
What is the amount of cost of goods sold : Assuming Gregor does not expect to replace the units of beginning inventory sold, what is the amount of cost of goods sold for the quarter ended March

Reviews

Write a Review

Accounting Basics Questions & Answers

  Overhead costs are allocated on the basis of activities

If overhead costs are allocated on the basis of activities, the amount of overhead allocated to a particular product can be reduced by increasing the number of activities required by the product, thereby spreading the overhead costs over more u..

  Create a classified balance sheet in good form for the year

The following items are taken from the financial statements of SRW Company for 2012: Please create classified Balance Sheet in good form for the year ended 2012

  The initial cash outlay and cash flow projections are

the initial cash outlay and cash flow projections are presented below for new equipment that outdoor sports inc. is

  Compute the amount expected to be collected

Compute the amount expected to be collected (also known as net-realizable-value) as a percentage of respective year-end receivables balance at the end of 2014.

  Calculate the total-spending function and equilibrium income

Given the information in the table calculate the following:Assume Y = N$500m + 0,85Y; M= 0,3Y; I = N$900m; G = N$850m; X = N$1,840m and t = 0,21Y.

  Show flow of manufacturing costs for particular department

Conceptual Connection: Prepare journal entries that show the flow of manufacturing costs for Department A. Use a conversion cost control account for conversion.

  Barker company has a single product called a zet the

barker company has a single product called a zet. the company normally produces and sells 80000 zets each year at a

  Compare financial reporting needs of the resource providers

Compare the financial reporting needs of the resource providers of government/not-for-profit organizations to the financial reporting needs.

  How pension related amounts will be reported in statement

Show how these pension related amounts will be reported in the Income Statement and Balance Sheet of 2015

  Stillwell corporations income statement

Stillwell Corporations income statement - Loss from damages caused by a volcano eruption in Iona and Loss from the sale of short-term investments.

  Calculate the past growth rate in earnings

The Bouchard Company's current EPS is $6.50. It was $4.42 5 years ago. The company pays out 40 percent of its earnings as dividends, and the stock sells.

  How much cash was collected in specified year on contract

(Analysis of Percentage-of-Completion Financial Statements) In 2014, Steinrotter Construction Corp. began construction work under a 3-year contract.

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