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Ymorist [56]
4 years ago
10

Select the choice that best describes the steps in developing a flexible budget. A. 1. Identify the standard quantity of output.

2. Calculate the flexible budget for revenues based on budgeted selling price and standard quantity of output.3. Calculate the flexible budget for costs based on budgeted variable cost per​ output, standard quantity of​ output, and budgeted fixed costs. B. 1. Identify the actual price per output. 2. Calculate the flexible budget for revenues based on budgeted quantity of output and actual selling price. 3. Calculate the flexible budget for costs based on budgeted quantity of​ output, actual cost per​ output, and actual fixed costs. C. 1. Identify the actual quantity of output. 2. Calculate the flexible budget for revenues based on budgeted selling price and actual quantity of output. 3. Calculate the flexible budget for costs based on budgeted variable cost per​ output, actual quantity of​ output, and actual fixed costs.
Business
1 answer:
Blizzard [7]4 years ago
8 0

Answer:

C. 1. Identify the actual quantity of output. 2. Calculate the flexible budget for revenues based on budgeted selling price and actual quantity of output. 3. Calculate the flexible budget for costs based on budgeted variable cost per​ output, actual quantity of​ output, and actual fixed costs.

Explanation:

  1. Any budget starts by determining our current output level.
  2. To calculate the sales budget we must estimate our total revenue using our current output level and the estimated selling price for the next period. If we are certain that our output level will increase or decrease significantly over the next period, we can use the estimated output level instead of the current output level.
  3. To calculate the costs budget we must estimate the variable costs per unit times the current output level (variable costs budget) and then we add the estimated fixed costs, which are not necessarily our current fixed costs.
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Answer: The answer is provided below

Explanation:

a). The revenue here shows that

Wendover's patients were capitated. The is because the actual revenue figures were assumed to be $180, but it

later came to $300 which means that the revenue increased.

The reason is that a capitated patient provides fixed payment a year, while a fee for service client pays per usage. With this explanation, it can be concluded that majority of Wendover's patients are fee for service because the difference between static results and the actual results is very high.

) 1. Revenue variance

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= $ 300 - $ 425

= - $125

2. Volume variance

= Flexible Revenue - Static Budget

= $ 200 - $ 425

= - $ 225

3. Price Variance

= Actual Revenues - Flexible Revenues

=$300 - $200

= $100

4. Enrollment variance

= Flexible Revenues - Static Budget

= $ 180 - $ 425

= - $ 245

5. Utilization variance

= Flexible Revenue- Flexible Budget

= $ 200 - $ 180

= $ 20

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Assume that Maia spends all of her income on halvah (H) and pomegranates (P) and is purchasing the optimal consumption bundle. I
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Answer:

The correct answer is:

$4 (D.)

Explanation:

From the question, we are told that:

the price of halvah (MUH)= $12

the price of pomegranates (MUP)= ????

Next, we are also told that the optimal consumption ratio of MUH to MUP = 3

This means that the Mauginal Utility of halvah (H) to the marginal utility of pomegranates (P) = 3

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MUP = \frac{12}{3} = 4

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3 years ago
What was the stated purpose of the Food Administration during the Great War? A. It was to set up food banks for Americans B. It
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Answer: The stated purpose of the food administration during the great war was to reduce food consumption by civilians (B)

Explanation:

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