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
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                        

You might be interested in
On the summer solstice in june, the sun will be directly above ____________ and all locations north of ___________ will experien
svetlana [45]
<span>The summer solstice is the day of the year when the sun is the farthest north, over the Tropic of Cancer, 23.44 degrees (or 23 degrees 26 minutes) north of the equator. On that day, all locations north of the Arctic Circle experience 24 hours of daylight.</span>
3 0
3 years ago
Industrialized former colonial states that dominate the world economic system are?
Verizon [17]
Industrialized former colonial states that dominate the world economic system: Core Countries
5 0
1 year ago
Cant take big d but i suck on it....
Scrat [10]
.. huh and orange then me too and brown and green faking a red green brown
6 0
2 years ago
Read 2 more answers
Frank's is a furniture store that is considering adding appliances to its offerings. Which one of the following is the best exam
alexandr402 [8]

Answer:

The correct answer is:

Selling furniture to appliance customers.

Explanation:

In this case, the company can take advantage of the fact that consumers who buy furniture for their homes are usually interested in the line of appliances. This is a very good strategy, because in this manner they will realize about the  need or desire at the same time this fact will have good consequences, so that they can make a single purchase and a single shipment, giving them the feeling of saving a lot leading them to Buy more in the store. Therefore, using this strategy the company will have more cash flow in this way.

4 0
3 years ago
Argo, a firm organizing adventure travel, has returns that vary with the economy. Argo predicts that there is a 20% probability
nexus9112 [7]

Answer: 8%

Explanation:

The expected return is a weighted average of the returns given the probability of certain states of the economy:

= (Prob. of boom * return if boom) + (Prob. of normal * return if normal) + (Prob. of  weak * return if weak)

= (20% * 35%) + (50% * 14%) + (30% * -20%)

= 0.07 + 0.07 - 0.06

= 8%

5 0
2 years ago
Other questions:
  • Greg's Copy Shop bought equipment for $60,000 on January 1, 2006. Greg estimated the useful life to be 3 years with no salvage v
    13·1 answer
  • A bag contains 10 marbles: 6 are green, 2 are red, and 2 are blue. Frank chooses a marble at random, and without putting it back
    14·2 answers
  • In economics, all of the following are included among the three main uses of money EXCEPT:
    6·2 answers
  • 1. Think about the four cores of credibility. Choose one of them and describe why it is important to you for your workplace.
    15·1 answer
  • A municipal bond carries a coupon rate of 8.00% and is trading at par. What would be the equivalent taxable yield of this bond t
    9·1 answer
  • The four determinants in Porter's model of international competitive advantage include all of the following EXCEPT: Group of ans
    10·1 answer
  • The yield on a one-year Treasury security is 5.3800%, and the two-year Treasury security has a 6.4560% yield. Assuming that the
    5·1 answer
  • Received a $3,000.00 check from Pacific Stores. The check pays $3,061.22 of the Dec. 3 sale on account, S395, less 2% discount.
    8·1 answer
  • A firm that decides to expand internationally based on the availability of government subsidies in the host country is pursuing
    11·1 answer
  • Jerry is working on a research project about the effectiveness of social media marketing. he found some sources with information
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!