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
Reika [66]
3 years ago
8

Coroid Corporation used the following data to evaluate their current operating system. The company sells items for $11 each and

had used a budgeted selling price of $12 per unit.
Actual Budgeted
Units sold 280,000 units 275,000 units
Variable costs $900,000 $885,000
Fixed costs $55,000 $52,000
15) What is the static-budget variance of revenues?

A) $55,000 favorable

B) $220,000 favorable

C) $220,000 unfavorable

D) $55,000 unfavorable

16) What is the static-budget variance of variable costs?

A) $12,000 favorable

B) $12,000 unfavorable

C) $15,000 favorable

D) $15,000 unfavorable

17) What is the static-budget variance for operating income?

A) $238,000 favorable

B) $238,000 unfavorable

C) $235,000 favorable

D) $235,000 unfavorable
Business
1 answer:
Marizza181 [45]3 years ago
5 0

The static-budget variance of revenues is $220,000 unfavorable.

The static-budget variance of variable costs is $15,000 unfavorable.

The static-budget variance for operating income is $238,000 unfavorable.

Explanation:

  • The static budget is supposed to be a fixed and unchanged value for a period of time, regardless of the changes which ma affect the outcome process.
  • While using a static budget, a company or organization are able to access where the money is being spent, how much revenue is earned or debited, and help to achieve and track its financial goals.
  • A static budget is a budget that does not change with the changes in certain activity levels.
  • The static budget can be used as a medium where actual results are compared.
  •  The resulting variance  is called as a static budget variance.
  • A static budget, is used by managers as to target for expenses, revenue and costs while others use it as to  forecast the number of a company.

You might be interested in
Porter Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product.
kkurt [141]

Answer:

1,370.85 Unfavorable

Explanation:

Standard rate :

= Budgeted variable overhead costs ÷ Budgeted direct labor hours

= $13500 ÷ 640

Direct labor hours = $21.09 per direct labor hour

Standard time to produce goods :

= Budgeted direct labor hours  ÷ Production volume

= 640 ÷ 6,400

= 0.10 hours

VOH Efficiency Variance

= ( SH − AH ) × SR

where,

SH are standard direct labor hours allowed

AH are the actual direct labor hours

SR is the standard variable overhead rate

(SH − AH ) × SR

= [(4,200 × 0.10) - 485] × $21.09

= (420 - 485) × $21.09

= 1,370.85 Unfavorable

5 0
3 years ago
Smith Company’s adjusted trial balance on August 31, 2013, its fiscal year-end, follows.
CaHeK987 [17]
A compute the company’s net sales for the year
6 0
3 years ago
The Benson Bearing Company sells Textron, Inc. a quantity of baseball bats that were stored in an independent warehouse at the t
polet [3.4K]

Answer:

at the time it receives a negotiable warehouse receipt for the bats.

Explanation:

Benson Bearing Company is selling bats to Textron inc. The bats are stored at an independent warehouse not controlled by Benson Company.

Of the contract states that Textron will pick up the bats at the warehouse, the risk of loss passes to Textron when it recieved a negotiable warehouse reciept for the bats.

This is because the warehouse is not controlled by Benson Company and issuing a warehouse reciept is equivalent to delivering the goods to Textron.

7 0
3 years ago
The first phase of networking, in which you describe your business, is referred to asA. exchange of information.
Fed [463]
The first phase of networking, in which you describe your business, is referred to as A.) EXCHANGE OF INFORMATION.

Exchange of information include information about the company, product, and its key goals, as well as, information regarding the potential networker.

Describing your business to potential networkers does not guarantee that they will automatically join the business, they need to think things over and after a few days, you need to do a follow-up.
5 0
3 years ago
Read 2 more answers
The Federal Reserve wants to increase the money supply in the United States. What is the Federal Reserve likely to do to accompl
jekas [21]
When were talking about the Federal Money Reserve we can eliminate B)sell securities on the open market. Because they don't do that when they want to increase money supply. C and D will be eliminated because they don't help in this way either. So the correct answer is A)reduce the discount rate
7 0
4 years ago
Read 2 more answers
Other questions:
  • Initially, the number of tools per worker was higher in Hermes than in Gobbledigook. From 2012 to 2062, capital per worker rises
    5·2 answers
  • The term "management" refers to the process of getting things done, effectively and efficiently, through and with other people.
    11·1 answer
  • When the price of a good increases, the quantity demanded ______. when the price of a good decreases, the quantity demanded?
    10·1 answer
  • Find the selling price cost to store $20 mark up 15%
    12·1 answer
  • The company currently markets McDog T-bone, Lapdog Lunchtreats, Rover's Potroast, and Puppy Porterhouse in the dog food market.
    10·1 answer
  • Today is date 0. In 10 years, you plan to retire and buy a house in Norman, OK. In terms of a time line, you will retire at the
    8·1 answer
  • The process begins when a customer steps into line and ends when the customer receives the receipt and leaves the store. The pro
    12·2 answers
  • A bussiness performs a cost benefit analysis when it
    5·1 answer
  • Markel how your day it good
    8·1 answer
  • Select three deductions someone would see on their paystubs.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!