Compute the variance based on a flexible budget

Assignment Help Accounting Basics
Reference no: EM132620838

Question - Given an original budget of 2,000 units at a variable cost of $3 per unit and actual performance of 1,800 units at an actual cost of $3.20 per unit, compute the variance based on a flexible budget?

Reference no: EM132620838

Questions Cloud

What is the value of a project with average risk : If Alcatel-Lucent maintains a constant debt-equity ratio, what is the value of a project with average risk and the following expected free cash flows?
Ability to effectively use information technology : Explain the relationship between an organization's ability to effectively use information technology and its ability to meet its corporate strategic goals.
What interventions would we take to insure max safety : Your 70-year-old client, Max, is 1 hour post-op following a total hip replacement. On arrival to his room, Max tells you that his hip pain is an 8 on a scale.
Definition of a freestanding financial instrument : How do Determine whether the warrants meet the definition of a freestanding financial instrument as defined by the standards relevant to the Case.
Compute the variance based on a flexible budget : Given an original budget of 2,000 units at a variable cost of $3 per unit. compute the variance based on a flexible budget
How healthcare issue being addressed in other organizations : Provide a brief summary of the two articles you reviewed from outside resources on the national healthcare issue/stressor. Explain how the healthcare issue.
Find the production budget will show costs for that period : The standard costs for a manufacturing business are $12 per unit for direct materials, Find the production budget will show costs for that period
Prepare a post-closing trial balance : April 4. The following assets were received from John Addams: cash, Rs.1, 500,000; accounts receivable, Prepare a post-closing trial balance
Prepare journal entries for duckworth corporation : Prepare journal entries (in general journal form) to record the above transactions. Use a 360-day year in making the interest calculations.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Complete a bond amortization schedule

When the bond was issued, the annual market rate of interest was 6 percent. Complete a bond amortization schedule for all three years of the bond's life

  Describe the benefits of variable costing methods

Fixed and Variable Costs Describe the benefits of variable costing methods used for internal reporting purposes.

  Prepare the necessary entries assuming the nop stock

Fox Company made the following transactions in the common stock of NOP Company: Instructions: Prepare the necessary entries for 2006, 2007, and 2008, assuming the NOP stock is classified as a trading security.

  Firm s is the only producer of a particular types of foam

firm s is the only producer of a particular types of foam fire retardant and insulation used in the contraction of

  What would be the company roi in this scenario

Question - Effects of Changes in Sales, Expenses, and Assets on ROI - What would be the company's ROI in this scenario

  Prepare the journal entry to record this transaction

Prepare the journal entry to record this transaction on January 2, 2017, Credit account titles are automatically indented when amount is entered

  How much loss should hansen have recognized

Hansen Construction, Inc., has consistently used the percentage-of-completion method of recognizing income. How much loss should Hansen have recognized in 1997

  Explain your rationale for the pricing approach

What approach would you use to determine selling price (for example cost plus or target costing)? It is important when choosing a design. Explain your rationale for the pricing approach. Show expectations of growth and potential profit.

  Compute the breakeven point for each product

Bone-Brain, Inc. had three products: a foot manicure kit (unit sales price $55; unit variable cost $25); Compute the breakeven point for each product

  Make the journal entry to record the issuance of the bonds

Swifty Co. is building a new hockey arena at a cost of $2,680,000. Make the journal entry to record the issuance of the bonds on January 1, 2016.

  Compute the depreciation cost per unit

Whippet Bus Lines uses the units-of-activity method in depreciating its buses. Compute the depreciation cost per unit

  Prepare a payroll register for throwback industries

Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1½ times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6.0%, and Med..

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!

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