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Umnica [9.8K]
3 years ago
6

Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets

and performance reports. During June, the company budgeted for 6,700 units, but its actual level of activity was 6,660 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for June: Data used in budgeting: Fixed element per monthVariable element per unit Revenue - $28.10 Direct labor$0 $2.50 Direct materials 0 10.40 Manufacturing overhead 37,700 1.20 Selling and administrative expenses 23,300 0.30 Total expenses$61,000 $14.40 Actual results for June: Revenue$194,472 Direct labor$16,145 Direct materials$67,059 Manufacturing overhead$45,587 Selling and administrative expenses$25,363 The activity variance for net operating income in June would be closest to_____________.
Business
1 answer:
a_sh-v [17]3 years ago
3 0

Answer:

Activity Variance for net operating Income  =   $ 10598 Unfavorable  

Explanation:

Activity Variance for net operating Income  =   $ 10598 Unfavorable      

                                     Actual                           Budgeted

                                   6600 Units                     6600 Units

Revenue                            $194,472                $   185,460                            

       

Direct labor                       $16,145                     $ 16500

Direct materials                 $67,059                  $ 68640

Manufacturing overhead   $45,587                   $ 45620

Selling and

<u>Administrative expenses     $25,363                $ 24980</u>

Total Expenses                    $ 154154                    155740

Net Op. Income                     $ 40,318                 $ 29,720              

 

The activity variance for net operating income =  Actual- budget=    

                                                            = $ 40,318   - $ 29,720

                                                            =   $ 10598 Unfavorable                        

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Economic interdependence refers to the mutual reliance of those involved in an economic system who trade in order to receive the goods they are unable to create effectively on their own.

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The correct answer is B

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