Onyx Company has prepared a static budget at the beginning of the month. At the end of the month, the following information has been retrieved from the records.
Static budget:
Sales volume: 1,000 units: Prices: $70 per unit
Variable expense: $32 per units:
Fixed expenses: $37,500 per month
Operating income: $500
Actual results:
Sales volume: 990 units: Price $74 per unit
variable expenses:$35 per unit: Fixed expenses:$33,000 per month
Operating income: $5,610
Calculate the flexible budget variance for fixed expenses.
a.$4,500U
b. $4,500F
c. $0
d. $5,490
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Onyx Company has prepared a static budget at the beginning of the month. At the end of the month, the following information has been ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On October 1, year 1, Kirby Corp. purchased equipment for $100,000. The equipment has a useful life of 5 years with no residual value. Kirby uses the straight-line method of depreciation. The partial year depreciation for year 1 is
Answers (1)
Go to any kroger supermarket and walk to the cereal aisle. you will notice that four major brands-kellogg's, quaker, general mills, and post-seem to occupy most of the shelf space. these cereals are all priced about the same.
Answers (2)
Question 1: list three long-term health benefits of building a strong musculoskeletal system.
Answers (1)
Bob owns a piece of land that the Green Stream flows through. An industrial polluter dirties the Green Stream and Bob attempts to sue the polluter and get an injunction to stop the practice.
Answers (1)
Will feckless unexpectedly inherits $10,000 from a rich uncle. he is observed to consume fewer hamburgers than he used to.
Answers (1)
New Questions in Business
Suppose that, in an attempt to combat severe unemployment, the government decides to increase the amount of money in circulation in the economy.
Answers (1)
MC Qu. 84 Two investment centers ... Two investment centers at Marshman Corporation have the following current-year income and asset dа
Answers (1)
Which of the following statements about materials is false? Select one: a. The use of direct materials gives rise to a debit to Work-in-Process Inventory. b. Acquisitions of materials are normally charged to the Purchases account. c.
Answers (1)
Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $309,170. During the year, Hannah invested an additional $22,040 and withdrew $39,010.
Answers (1)
Q: Lisa sells 10 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $70. In addition, it took her 2 hours to make the ketchup and to do so she took time off from a job that paid her $10 per hour.
Answers (1)