What is main difference between a fixed and flexible budget

Assignment Help Accounting Basics
Reference no: EM131539604

Question: 1. BTS Company made 6,000 bookshelves using 88,000 board feet of wood costing $607,200. The company's direct materials standards for one bookshelf are 16 board feet of wood at $7 per board foot.

(1) Compute the direct materials variances incurred in manufacturing these bookshelves.

(2) Interpret the direct materials variances.

2. How can the manager of handheld devices at an Apple retail store use flexible budgets to enhance performance?

3. What is the main difference between a fixed and a flexible budget?

Reference no: EM131539604

Questions Cloud

Create a meal diary for yourself for one day : Create a meal diary for yourself for one day. Create a healthy version of each meal and snack and an unhealthy version.
Budgeting using for reward incentive system : a) Briefly explain what is budgeting using for cost planning controls in the work places. b) Briefly explain what is budgeting using for reward incentive system
Forecast the economic conditions for clothtech : A consulting firm has offered to perform research and forecast the economic conditions for ClothTech. The firm will charge $200,000 for its services
Future of healthcare delivery in the united states : 1. Why is it difficult to forecast the future of healthcare delivery in the United States? 2. Analyzer forecast about health care delivery.
What is main difference between a fixed and flexible budget : BTS Company made 6,000 bookshelves using 88,000 board feet of wood costing $607,200. The company's direct materials standards for one bookshelf are 16 board.
What is present value of flanders incs growth opportunities : The firm's ROE is 8% and its earnings retention ratio is 40%. If firm's market capitalization rate is 15%, what is present value of its growth opportunities?
What do employers look for when hiring managers : What do employers look for when hiring managers? Do you consider yourself a good candidate?
Country outside of the united states : Your job is in charge of expanding your business to another country outside of the United States.
Prepare a cash budget : During the last week of March, Siro Stereo's owner approaches the bank for a $125,000 loan to be made on April 1 and repaid on June 30 with annual interest.

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd