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You're supposed to use the data for budget and actual as given in Exhibit 8-12, as the basis to prepare a flexible budget for the company at forecasted revenue levels of $12.6 million, $13 million, and $13.4 Million. What you have in exhibit 8-12 (left column) is a static budget at $13 million (compared to actual revenue level of $12.7 Million in the middle column), which (the left column, I mean) you can use to get the total fixed costs and unit-variable cost relationships to adapt to the 2 other flexible budget levels required (12.6 and 13.4M). You are to use the format of Exhibit 8.3 in designing and preparing the flexible budget. Then in part 3 they want you to use the format on Exhibit 8-6, to take your original static budget, Exhibit 8-12 and break out that static budget information into flexible budget variances and sales activity variances. So you're using all 3; exhibit 8-12 is needed to get the actual cost relationships to apply to the 2 other levels of budgeted number, exhibit 8.3 is needed to see how to set up the flexible budget, and Exhibit 8.6 to do the static budget and activity variances.
Where asked, you must say whether a particular variance is favorable (F) or unfavorable (U) in order to receive full credit. Total cost formula: $"[____?____]" per quarter (fixed cost) plus ."[__%]" (variable cost) of revenue (please answer & it is listed in the table.
Please use % as show in table IE: 4% no decimal numbers.
This motor has recently become available from an outside supplier for $24.25 per motor. If Barrus decides not to make the motors, none of the fixed manufacturing overhead would be avoidable and there would be no other use for the facilities.
Assume that you found one recorded amount of $4,863 that had an audited balance of $8,463. What is the projected misstatement plus incremental allowance for sampling risk? Show this in tabular form
journal entries to record sales and cost of saleson 317 janets spa sold two of the plush robes from her inventory to
Those nonmembers are not required to comply with the Code. If a CPA chooses not to join the AICPA, illustrate what ethical guidelines are they to follow?"
Second year net sales $684,000 wrote off $10,800 of accts. as uncollectible ussing the direct write off method and reported net income of $68,300. What the net income would have been in the second year if the allowance method [using 2.5% of net sales..
part-aa criticalnbsp assessment of the capital asset pricing model capmyou are required todescribe the capital asset
When multiple performance obligations exists in a contract, they should be accounted for as a single performance obligation when
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Calculate the profit margin, current ratio, and acid test ratio for the company. Emaasxye has been operating as a sole proprietorship under the name XYZ Company for the last five years. The following is the company's unadjusted trial balance for ..
What method would be most appropriate for calculating the division's return on investment (ROI)? Why? Using this method, what is the ROI for the current year?
Assume that the company uses the weighted-average method. - Find the total cost of ending work in process inventory and the total cost of units transferred to the next process in June.
the physician's net cash flow is $80,000 and Eastern University receives none of the fees. Critically evaluate the existing compensation plan and recommend any changes.
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