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Rasek [7]
3 years ago
8

Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual

results. Budgeted Actual Sales $ 300 per unit $ 435,000 Variable expenses $ 120 per unit $ 172,000 Fixed expenses (total) $ 125,000 $ 122,000 Units produced and sold 1,200 1,400 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance)
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
7 0

Answer:

                                                 LEWIS Co.

                           Flexible budget performance report

                                     For month ended May 31

                               Flexible budget  Actual results  Variances    Result

Sales                        $420,000           $435,000        $15,000         Fav

                                (1400*$300)

Variable expense    $168,000           $172,000           $4,000         Unfav

                                (1400*$120)

Contr. margin          $252,000          $263,000         $11,000         Fav

Fixed cost                $125,000            $122,000          $3,000          Fav

Net Income             $127,000            $141,000          $14,000         Fav

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Bas_tet [7]

Answer:

Being a member of any of these professional bodies gives you an edge in the Accounting profession.

Institute of Chartered Accountant of Nigeria

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Institute of Chartered Accountant of England and Wales

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Chartered Institute of Management

and others

Explanation:

4 0
3 years ago
Deluxe suites hotels incluedes the following selected accounts in its genarel ledger at December 31.2016:
Sever21 [200]

Answer:

<u>Liabilities section of Luxury Suites' balance sheet at December 31.2016.</u>

Liabilities

<u>Non - Current Liabilities </u>

Notes Payable                                      $200,000

Total Non-Current Liabilities               $200,000

<u>Current Liabilities </u>

Accounts Payable                                  $33,000

Discounts on Bonds Payable                 $13,500

Interest Payable  (due next year)              $1,000

Salaries Payable                                       $2,600

Estimated Warranty  Payable                    $1,300

Sales Tax Payable                                       $400

Total Current Liabilities                          $51,800

Explanation:

Liabilities are presented in the financial statements as either Current liabilities (due within a period of 12 months and Non-Current Liabilities (that are not due within a period of 12 months) as shown above.

3 0
3 years ago
strategies are incentives a manfacturer offers to its distribution partners such as dealers, wholesalers, retailers, and the lik
elena55 [62]

Push Marketing strategies are motivations a manufacturer offers to its distribution members such as dealers, wholesalers, retailers, and the like to sell outcomes to the end-users.

<h3>What is push marketing?</h3>

A Push Marketing Strategy also called a push promotional strategy, where companies attempt to take their products to the consumers. In a Push marketing strategy, the objective is to use various marketing techniques or channels to 'Push' their yields to be noticed by the consumers starting at the point of purchase. Push marketing, or outbound marketing, can lead to shorter sales and is powered by what you push out to your audience through your marketing

To learn more about the Push Marketing Strategy visit the link

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8 0
2 years ago
Which of the following are main responsibilites employers have under OSHA's standards?
Nonamiya [84]

Answer:

The correct option is A and C

Explanation:

As per Occupational Safety and Health Act (OSHA), the main and primary responsibility employers have:

1. To provide a safe workplace.

2. Provide their employees with a workplace that does not have serious hazards in short means monitor hazards.

3. To provide particular equipment like PPE (personal protective equipment), ear plugs and gloves.

4 0
3 years ago
PLEASE ANSWER ASAP! Which of the following statements are true about brokerage firms? (Select all that apply.)
Zepler [3.9K]

Answer:

C and E.

Explanation:

Brokerage Firms are those firms that acts an a middlemen between the buyer and a seller to expedite a transaction. It is a financial institutions that ease the buying and selling of securities. These companies also charge a amount of fee or compensation on the completion of transactions. A brokerage firm is also known as brokerage company or brokerage.

There are three types of brokerage firms. They are:

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The discount brokerage provides less comprehensive services than the traditional one or the full-service brokerage. These services are provided via online as well by discount brokerage.

So, from the given options the correct options are C and E.

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