User Account

All Pages

Prepare flexible performance report

Assignment Help Financial Accounting
Reference no: EM132968601

Question - Business Solutions second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $160,680 budgeted expenses include $113,160 in variable expenses for desks and $13,520 in variable expenses for chairs, as well as $34,000 fixed expenses. The actual expenses include $35,900 fixed expenses. List fixed and variable expenses separately. Prepare flexible performance report that shows any variances between results and actual results.

Reference no: EM132968601

Questions Cloud

What is the margin of safety for the product : A firm has the following information available for two products: What is the margin of safety for the product with the greater likelihood to incur loss
What rate would the bank offer a customer : What rate would the bank offer a customer who is in the upper-medium grade risk class? The Bank of Loans uses the rating scheme to classify the riskiness
Calculate the current share price : The required rate of return on the shares in the companies identified is 9% pa. Calculate the current share price (ex-dividend) in each case.
Which of the three options should choose for client : The appropriate interest rate to make the comparison is 6% pa compounded monthly. Which of the three options should you choose for your client?
Prepare flexible performance report : The actual expenses include $35,900 fixed expenses. List fixed and variable expenses separately. Prepare flexible performance report
Which of the investments has the higher return : Investment A returns $4 600 in eight years. Investment B pays $5 250 in 12 years. Which of these investments has the higher return?
What is the beginning balance of finished goods inventory : What is the beginning balance of Finished Goods Inventory if Cost of Goods Sold is P107,000; the ending balance of Finished Goods Inventory is P20,000
If thw was the nir what rate should report : Credit cards are legally required to report interest rates. If this was the NIR, what rate should they report? What is the effective annual rate?
What will the annual cash flow be if cashed in share market : If you cashed in your share market investment of $50 000 today and purchased an 8 per cent, 10-year annuity, what will the annual cash flow be?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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