Find the amount of operating income in the flexible budget

Assignment Help Accounting Basics
Reference no: EM133104208

Question - In September, Larson Inc. sold 40,000 units of its only product for $240,000, and incurred a total cost of $225,000, of which $25,000 was fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U; and, sales volume variance, in terms of contribution margin, $27,000U.

Find the amount of operating income in the flexible budget (FB) for September?

a. 56,000

b. 40,000

c. 48,000

d. 70,000

e. 78,000

Reference no: EM133104208

Questions Cloud

MKT2001 Marketing Research and Insights Assignment : MKT2001 Marketing Research and Insights Assignment Help and Solution, Middlesex University Business School - Assessment Writing Service
What would you do to investigate and address the issue : If you notice potentially questionable activity in one of your plants, how would you react? What would you do to investigate and address the issue
What is the cost of goods sold : Yvonne purchased 1,000 chairs at $100 each. Shipping cost $25 per chair. Yvonne sold 500 at $150 each. What is the cost of goods sold
Examples of technology at the forefront of innovation : From the 2208HSL Text, Davis, Lockwood, Alcott and Pantelidis (2018) give the two (2) examples of technology at the forefront of innovation.
Find the amount of operating income in the flexible budget : In September, Larson Inc. sold 40,000 units of its only product for $240,000, Find the amount of operating income in the flexible budget (FB) for September
What is the nature of problem : 1) What is the nature of this problem (pollution)? 2) How big is the problem (pollution)?
Sustainability issues that the organisation is managing : Cenlife - Case study organisation As a business manager for Cenlife. Cenlife is a Sydney company focused on providing affordable cosmetics and haircare products
What is the pv of annuity due : What is the PV of a 14-year annuity due (payments at beginning of period, aka annuity in advance) of $641 if the required return is 11.8%
Micro and macro-environments of a given organization : What are the key advantages to understanding the micro- and macro-environments of a given organization? Which, if you had to choose, would you consider most imp

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the company debt-equity ratio

Accounts payable: P125,000; 8 year Loans payable P500,000; SHE: P275,000. Based on the given data, what is the company's debt-equity ratio

  Provide necessary journal entries on the books of assignor

Provide the necessary journal entries on the books of the assignor. Received remittance upon the specific assignment of P1,500,000 in accounts to the bank.

  Discuss straight-line depreciation will be used

Straight-line depreciation will be used and a 29% tax rate is applicable

  Discuss considerations when accounting for inventory

Management must confront which of the following considerations when accounting for inventory

  Differentiate between money and capital markets

Describe the role of the financial institutions and financial markets in our economy

  A common-size balance sheet created

Which inventory valuation method, FIFO or LIFO, will generally produce an ending inventory value on the balance sheet that is closest to current cost?

  Beverly hills started a paper route on january 1 1995 every

beverly hills started a paper route on january 1 1995. every three months she deposits 300 in her bank account which

  Find what amount is jodie allowed to contribute to roth ira

Find What amount is Jodie allowed to contribute to her Roth IRA for the tax year? Jodie, age 52, filed her tax return using the Married Filing Separately status

  Verkamp corporation has two divisions the ydi division and

verkamp corporation has two divisions the ydi division and the qcc division. the corporations net operating income is

  Compute the number of large casings

Compute the number of large casings that should be produced per setup to minimize total setup and carrying costs for this product

  Make a context diagram

Based on the above narration, make a context diagram (15%) and Level 0 Data Flow Diagram to document accounts payable processing at Accentaure

  Write a memo that is no more than single spaced pages

You are to write a memo that is no more than 4 single spaced pages in proper memo format -memo heading (person addressed, writer, date, subject)

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