1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fed [463]
3 years ago
7

Folsom Fashions sells a line of women's dresses. Folsom's performance report for November Year 1 follows.Actual : Dresses Sold:

5000, Sales 235,000, variable cost is 145,000 contribution margin is 90,000, fix cost is 84,000 and operating income is 6,000Budget: Dresses Sold: 6000, Sales 300,000, variable costs: 180000, contribution margin is 120,000, fixed costs is 80000, and operating income is 40,000The company uses a flexible budget to analyze its performance and to measure the effect on operating income of the various factors affecting the difference between budgeted and actual operating income.The variable cost flexible budget variance for November is:(A) $4,000 unfavorable.(B) $5,000 favorable.(C) $5,000 unfavorable.(D) $4,000 favorable.
Business
1 answer:
ElenaW [278]3 years ago
4 0

Answer:

(B) $5,000 favorable.

Explanation:

Variable cost flexible budget variance:

budget for 6,000 units total variable cost: $180,000

We divide the total cost by the activity in that budget:

$180,000/ 6,000 = 30

Now we multiply by the actual volume:

5,000 x 30 = 150,000

Now we do flexible budget - actual cost = variance

150,000 - 145,000 = 5,000 favorable

It is favorable, as the cost where less than expected.

You might be interested in
A developer would most likely obtain which of the following types of mortgage on a new subdivision?
ArbitrLikvidat [17]

Answer:

Blanket Mortgage

Explanation:

This type of mortgage would suit developers because of their intention to create many individual parcels out of a large tract of land in order to be resold gradually. Blanket mortgage is a loan type that are used for buying more than one real estate property. This loans are popular with builders and developers because they buy huge lands and sell them in small bits over a period.

7 0
3 years ago
Which is the shortest and simplest tax form?
AfilCa [17]

Filling out a tax form is about as much fun as owing taxes to Uncle Sam. The complexity of the task intensifies as your tax life becomes more complicated.

That's why you should use the simplest tax return form you can, especially if you're still filling out your forms by hand.

But choose carefully. There are three personal income tax forms -- 1040, 1040A and 1040EZ -- with each designed to get the appropriate amount of your money to the IRS. Differences in the forms, however, could cost you if you're not paying attention.

The EZ is the shortest and simplest form, Form 1040A is a bit more complex and the long Form 1040 is the most detailed and potentially difficult. But even if your tax life is simple and straightforward, it might be worthwhile to investigate the other two forms. Why? Generally, the longer the form, the more opportunities for tax breaks.

6 0
3 years ago
BAK Corp. is considering purchasing one of two new diagnostic machines. Either machine would make it possible for the company to
suter [353]

Answer:

a) For MACHINE A  

Net Present Value (NPV) 7208

Internal Rate of Return (IRR) 11,48%

For MACHINE B      

Net Present Value (NPV) -13468

Internal Rate of Return (IRR) 6,99%

b)BAK Corp should buy MACHINE A

Explanation:

We use excel or a spreadsheet to calculate net present value and the profitability index of each machine. See document attached.

We use a cash flow to solve this problem.

At moment 0 we have the investment cost , in this case Original cost $76,700 $183,000 for Machine A and Machine B . From period 1 to period 8, we have inflows and outflow. (Estimated annual cash inflows $20,200 $40,500  

Estimated annual cash outflows $5,040 $9,870).

Then, we calculate the Net cash flow that is the difference between benefits and cost.

We use all the result (positive and negative) in Net cash flow to get the profitability index, IRR.  

Download xlsx
8 0
3 years ago
Which of the following accurately describes a shortage?
muminat
"Consumer demand for a certain car is greater than the number of cars that can be produced" is the one among the following that <span>accurately describes a shortage. The correct option among all the options that are given in the question is the first option or option "a". I hope the answer helps you.</span>
3 0
3 years ago
Read 2 more answers
The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows:
Hitman42 [59]

Answer:

a) Cardinal Company, department 6

Budget performance report

For the month ended march 31, 202x

                                 Budget            Actual               Over           Under

                                                                                   budget        budget

Materials                $208,000         $204,000                              $4,000

Factory wages       $265,000         $285,000       ($20,000)

Supervisory salaries $67,800           $63,600                              $4,200

Depreciation P&E     $35,000           $35,000               -                    -

Power and light        $22,500            $21,360                                $1,140

Insurance and           $15,500             $14,400                               $1,100

property taxes

Maintenance               $9,700            $9,456                                 $244

Total                        $623,500         $632,816          ($9,316)

b) Factory wages were higher than budgeted by $20,000 or 7.55%, supervisory salaries were lower than budget by $4,200 or 6.19%, power and light were lower than budgeted by $1,140 or 5.07%, and insurance and property taxes were lower than budgeted by $1,100 or 7.1%

7 0
3 years ago
Other questions:
  • The simplest and most effective way to lay out your business structure is to include
    12·1 answer
  • Alan Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. Alan has recently come into an inheritan
    8·1 answer
  • The average cost of tuition and room and board at a small private liberal arts college is reported to be $8,500 per term, but a
    8·1 answer
  • You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement
    7·1 answer
  • A hotel and conference center at a holiday destination can cater for a maximum of 540 tourists and conference attendees per mont
    14·1 answer
  • Destiny and Enzo engage in a business transaction. When a dispute arises, Destiny initiates a lawsuit against Enzo by filing a c
    15·1 answer
  • ?????????????????????????help
    9·1 answer
  • The following are some of the steps in the accounting cycle. Which of the following reflects the steps in the correct order? Fin
    14·1 answer
  • Many of the skills required of a graphic designer can be learned.<br><br> True<br> False
    11·1 answer
  • A manufacturing company has a pay structure based on job descriptions. As the company moves toward customizing production to mee
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!