What is the flexible budget variance for variable expenses

Assignment Help Accounting Basics
Reference no: EM131787859

Kid Adventures Company projected current year sales of 3,600 swing sets at a unit sale price of $225.00. Actual current year sales were 3,300 units at $215.00 per unit. Actual variable costs, budgeted at $166.00 per unit, totaled $175.00 per unit. Budgeted fixed costs totaled $122,000 while actual fixed costs amounted to $118,000. What is the flexible budget variance for variable expenses?

A. $32,400 favorable

B. $29,700 unfavorable

C. $32,400 unfavorable

D. $29,700 favorable

Reference no: EM131787859

Questions Cloud

Discuss how much interest expense will be recognized : The proceeds from the bonds are $4,901,036. Using effective-interest amortization, how much interest expense will be recognized in 2010
A distribution of final exam scores : Explain why it is not possible to draw a boxplot based on this information.
Determine the future value in given problem : When to use: If the compounding period is more (or perhaps less) frequent than once a year. Sample problem: You invest $1,000 compounded semiannually.
Opening an inpatient substance abuse rehabilitation : You are the administrator of a 501 (c) (3) non-profit organization that is developing and opening an inpatient substance abuse rehabilitation.
What is the flexible budget variance for variable expenses : Budgeted fixed costs totaled $122,000 while actual fixed costs amounted to $118,000. What is the flexible budget variance for variable expenses
What is the amount of total stockholders equity : All financial information has been translated from pounds to dollars. What is the amount of total stockholders' equity
Qualitative and quantitative risk analysis : What are the differences between qualitative and quantitative risk analysis? Explain.
Analyse datasets by interpreting model and function : SIT718 Real world Analytics - Analyse datasets by interpreting model and function parameters of impor- tant families of multivariate functions
How many sins would be committed daily : If each of these women is brushed (intentionally or accidentally) 10 times each day by one or more men, how many sins would be committed daily?

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