User Account

All Pages

What was the flexible budget variance

Assignment Help Financial Accounting
Reference no: EM133095180

Question - The following is monthly budgeted cost and activity information for two activities in the purchasing department of X Company:

Activity

Variable Costs

Fixed Costs

Cost Driver

Supplier relations

$10,920

$15,200

390 suppliers

Invoicing

$9,620

$25,800

740 invoices

In November, actual costs and activity were as follows:

Activity

Total Costs

Driver Amount

Supplier relations

$25,521

336 suppliers

Invoicing

$36,126

776 invoices

Required - What was the flexible budget variance for the invoicing activity for November (assume that favorable variances are positive numbers and unfavorable variances are negative numbers)?

Reference no: EM133095180

Questions Cloud

Prepare the cash receipts section of the cash budget : She predicts that April, May and June will generate $150,000, $120,000 and $135,000 worth of sales, Prepare the cash receipts section of the cash budget
What lessons that you have learnt from the case study : What lessons that you have learnt from the case study? Why?
Simplify and communicate compensation strategies : Lead a discussion with the relevant literature (theories) as to: How can compensation maps be used to simplify and communicate compensation strategies to leader
Identify schein four key elements in organization structure : Think of an organization that you're a part of. It could be a workplace, team, or club. Identify Schein's four key elements in the organization's structure:
What was the flexible budget variance : What was the flexible budget variance for the invoicing activity for November (assume that favorable variances are positive numbers
Develop successful it strategy : Analyze the case and describe how the company mentioned was able to develop a successful IT strategy.
Improvement interview design and administration : What are the personal lessons and areas of improvement interview design and administration? Support each point of analysis with theories and best practices from
What is scrum master and product owner : What is a Product Owner? What is Scrum Master? How does a Product Backlog differ from a Sprint Backlog?
At what amount should the note be recognized : The note is non-interest bearing, but the going rate of similar notes is 10%. At what amount should the note be recognized

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