All categories

2 years ago

Which of the following statements accurately describes a flexible budget variance?

Business

1 answer:

yulyashka [42]2 years ago

5 0

Answer: Option B

Explanation: In simple words, flexible budget variance refers to the difference between the results that were predicted by the flexible budget model and the actual results.

Flexible budgets are not rigid and are made on some assumptions the difference arises due to variance in the level of variable expenses that were incorrectly predicted by the model.

Hence the correct option is B.

You might be interested in

The risk-free rate is 3.4 percent and the expected return on the market is 10.8 percent. Stock A has a beta of 1.18. For a given

otez555 [7]

Answer:

The systematic portion of the unexpected return is 1.180% and the unsystematic portion was 0.288%

Explanation:

E(R) = 0.034 + 1.18*(0.108 - 0.034) = 0.12132

R - E(R) = 0.136 - 0.12132 = 0.01468

RM - E(RM) = 0.118 - 0.108 = 0.01

[RM - E(RM)] * Beta = 0.01 * 1.18 = 0.0118 = 1.180%

[R - E(R)] - [RM - E(RM)] * Beta = 0.01468 * 0.0118 = 0.00288 = 0.288%

8 0

3 years ago

Tercer reports the following for one of its products. Direct materials standard (4 lbs. $2 per lb.) Actual direct materials used

Natalka [10]

Answer:

Results are below.

Explanation:

Giving the following information:

Direct materials standard (4 lbs. $2 per lb.)= $8 per finished unit

Actual direct materials used (AQ)= 300,000

Actual finished units produced= 60,000

Actual cost of direct materials used= $535,000

<u>To calculate the direct material price and quantity variance, we need to use the following formulas:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2 - 1.783)*300,000

Direct material price variance= $65,100 favorable

Actual price= 535,000 / 300,000= $1.783

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (4*60,000 - 300,000)*2

Direct material quantity variance= $120,000 unfavorable

6 0

2 years ago

Total Costs (dollars)

Andrei [34K]

The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

<h3>Why is the curve as stated about?</h3>

Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.

Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Therefore, the Option C is correct.

Read more about total cost

<em>brainly.com/question/5168855</em>

#SPJ1

6 0

2 years ago

The reference section of scholarly articles often get ignored; not good. Which one of the following is a good reason to not only

GREYUIT [131]

A good reason why it is important not just to read but to also reference things appropriately would be to avoid the issues of plagiarism.

<h3>What does it mean to reference a work?</h3>

This is the term that is used to refer to the fact that a work has been accredited to the rightful people that own. When someone is writing, they may list several ideas from an outside sources, it is advised to reference the people that own the work that has been used in this writing.

Hence we can say that a good reason why it is important not just to read but to also reference things appropriately would be to avoid the issues of plagiarism.

Read more on scholarly articles here: brainly.com/question/18754197

#SPJ1

5 0

1 year ago

First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest

stiv31 [10]

Answer:

You will have $10,306 more

Explanation:

In this question, we are asked to calculate the difference in the amount of money we will earn if the same deposit amount is made in two different banks with different interest payment scheme

Firstly, Calculate the amount in the account as follows:

Future value = Interest + Amount = (Am ount x Period x Rate) + Amount = ($54,000 x 10 x 6%) + $54, 000 = $32,400 + $54,000 = $86,400

Therefore, the future value is

$86,400

Now, we calculate the amount by using the compounding as follows:

Future value = Amount x (1+ Rate)^n =

$54,000 * (1+0.06)^10

= $54,000 * 1.791 = $96,706

Therefore, the compound future value is

$96,706

The difference in amount is calculated as follows:

Difference in amount = $96,706 - $86,400 = $10,306

5 0

3 years ago

Which of the following statements accurately describes a flexible budget​ variance?

Which of the following statements accurately describes a flexible budget variance?