User Account

All Pages

What the static variance of the net income is

Assignment Help Managerial Accounting
Reference no: EM132547776

Racine Filter Corporation used the following data to evaluate their current operating system. The company sells items for $14.50 each and had used a budgeted selling price of $15 per unit.

                                       Actual                     Budgeted

Units sold                         206,000 units        200,000 units

Total Variable costs             $965,000             $950,000

Total Fixed costs                 $ 53,000             $ 50,000

Question 1: The static variance of the net income is

a. $78,000 U

b. $31,000 F

c. $99,000 F

d. $31,000 U

Question 2: The flexible variance of the net income is

a. $198,000 U

b. $15,000 F

c. $150,000 F

d. $92,000 U

Question 3: The sales volume variance of the net income

a. $88,000 F

b. $61,000 F

c. $94,000 F

Reference no: EM132547776

Questions Cloud

Describe the stages of the cell cycle : Compare mitosis and meiosis (Do not focus on the details of the phases). Why is it important that cells divide correctly?
How do the vesicle-mediated transport works : How do the ER and Golgi apparatus produce mature proteins, including the different types of post-translational modifications to proteins.
Historical and current frameworks for ethical practice : Much of the discussion in this course has focused on historical and current frameworks for ethical practice.
What is the concept of working capital : What is the concept of working capital and What are the advantages of maintaining an adequate working capital in a small business
What the static variance of the net income is : What The static variance of the net income is? The company sells items for $14.50 each and had used a budgeted selling price of $15 per unit.
Gene in a homologous chromosome pair : If a diploid sperm fertilizes a haploid egg, what would the result be?
Objectives of symposium is to develop your networking skills : One of the objectives of Symposium is to develop your networking skills. Why is it important to have an elevator speech,
Which of the statements is true for franklin aerospace : Which of the statements is true for Franklin Aerospace? The inventory turnover ratio across companies in the aerospace industry is 26.6645x.
Possibly helping me process speech and noises : Pons: Select all that apply. Organizes thought flow to help me drive where I am going.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Prepare a production budget for the first quarter

Prepare a production budget for the first quarter. Prepare a direct materials purchases budget for the first quarter. Prepare a direct labor budget for the first quarter.

  Explain how a cost can be controllable

Explain how a cost can be controllable at one administrative level and noncontrollable at another administrative level.

  Prepare the operating activities section of the statement

Prepare the operating activities section of the statement of cash flows using the indirect method.

  Find the periodic and perpetual weighted average cost

Find the Periodic and Perpetual weighted average cost.Beginning Inventory: 20 units at $3. May 1 Purchase: 24 units at $3.25.May 3 Sale: 35 units

  Corresponding balances were drawn from cushing company

The following accounts and corresponding balances were drawn from Cushing Company's 2014 and 2013 year end balance sheets:

  Prepare its statement of cash flows

Prepare its statement of cash flows under the indirect method.

  How would assign may costs to the units transferred out

How would assign May costs to the units transferred out and assign costs to its ending work in process inventory using the FIFO method

  What net income reported by sunland consulting for year was

Sunland made an additional investment of $9600 and withdrew cash of $15000 during the year. The net income reported by Sunland Consulting for the year was

  Finding optimal price and output levels

Currently the total cost is given by TC = 100 + 10Q +Q^2 for sale shoe manufacturing company. The demand equation is given by P =-5Q +130.

  Determine the average rate of return giving effect

If the straight-line depreciation method is used and estimated total income is $231,000, determine the average rate of return giving effect to depreciation

  What is nash manufacturing cycle efficiency

Nash Corporation manufactures and sells custom snowmobiles. What is Nash's manufacturing cycle efficiency (MCE) for its snowmobiles

  What is the budgeted operating income from Product A

$11 per unit and the fixed costs are $6 per unit. Using a flexible budget for 17,500 units, what is the budgeted operating income from Product A?

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