User Account

All Pages

Prepare a flexible budget performance report that shows

Assignment Help Accounting Basics
Reference no: EM131801815

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.

  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

Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit the "$" sign in your response.)

Reference no: EM131801815

Questions Cloud

Retailer of high-end kitchen products : You are a purchasing manager for a retailer of high-end kitchen products. You know that Malinox, Inc. is the best manufacturer of kitchen knives in the industry
An organization landscape can be expansive and complex : An organization's landscape can be expansive and complex. Most organizations rely heavily upon information technology as a way to achieve outcomes.
Discuss the prepaid subscription account for santa fe : What amount should appear in the Prepaid Subscription account for Santa Fe
What is the projected need is for this position is in future : For the research assignment we will be researching a career as a Network Administrator. What is the projected need is for this position is in the future?
Prepare a flexible budget performance report that shows : Prepare a flexible budget performance report that shows any variances between budgeted results and actual results
What is the emv of the factory : There are three equally likely states of nature (High, Medium, and Low demand). If the large factory will post profits of $50,000, $25,000.
Identify particular healthcare profession : Identify a particular healthcare profession that interests you and explains your interests in the profession and the role it plays in the healthcare system
How researchers inform participants about the engagement : Ethical practice begins with informed consent. In this module, you will read about how researchers inform participants about their engagement in a study.
Write a brief summary on the topic of product : BMK 201 - Principles of Marketing ASSIGNMENT: PRODUCT - Current Marketing News. Write a brief summary on the topic of PRODUCT

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