Solution-Prepare a flexible budget performance report

Prepare a flexible budget performance report

Assignment Help Cost Accounting

Reference no: EM13536666

Cimarron Company's fixed budget performance report for July follows. The $630,000 budgeted expenses include $588,000 variable expenses and $42,000 fixed expenses. Actual expenses include $54,000 fixed expenses. Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately.

	Fixed Budget	Actual Results	Variances
Sales (in units)	8,400	10,800
Sales (in dollars)	$840,000	$1,080,000	$240,000 F
Total expenses	630,000	756,000	126,000 U
Income from operations	$210,000	$ 324,000	$114,000 F

Reference no: EM13536666

Questions Cloud

Distinguish between direct and indirect labor cost : Distinguish between ‘Direct' and ‘Indirect' labor cost and what do you understand by ‘labor turnover'? What are the causes for the same? How will you prevent labor turnover in your organization?

Each of the sources in the drawing emits a frequency : Each of the sources in the drawing emits a frequency of 4.57 multiplied by 1014 Hz, and the speed v is 2.50 106 m/s. Calculate the observed frequency fo in situation A. fo = ? UNIT?

Compute sales price variance and sales volume variance : Also assume the budgeted sales price for each car was $30,000, and the actual sales price for each car was $30,200. Compute the sales price variance and the sales volume variance.

What is the area of contact between each tire and the ground : A person who weighs 635 N is riding a 98 N mountain bike. Suppose the entire weight of the rider and bike is supported equally by the two tires. If the gauge pressure in each tire is 7.25 105 Pa, what is the area of contact between each tire and the ..

Prepare a flexible budget performance report : Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately.

Find the speeders speed with respect to the ground : A speeder is pulling directly away and increasing his distance from a police car that is moving at 23 m/s with respect to the ground. The radar gun in the police car emits an electromagnetic wave with a frequency of 7.00 109 Hz.

Compute trend percents for all components : Compute trend percents for all components of both statements using 2006 as the base year and analyze and comment on the financial statements and trend percents from part 1.

How much energy was lost as heat and vibration : A 1020 kg car moving 40.0 m/s rear ends a 560 kg car at stop. When they collide, the bumpers lock and they move together. how much energy was lost as heat and vibration

What is the image distance-is the image real or virtual : converging lens has a focal length of 86.50 cm. A 14.0 cm tall object is located 135.0 cm in front of this lens. What is the image distance? Is the image real or virtual?

User Account

All Pages

Prepare a flexible budget performance report

Reference no: EM13536666

Reference no: EM13536666

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT