User Account

All Pages

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

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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