Web Chapter 24 Day 2

Web Chapter 24 Day 2 - Flexible Budgets and Standard Costs...

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Flexible Budgets and  Flexible Budgets and  Standard Costs Standard Costs Chapter 24 Chapter 24 NOTE: Focus on pages 953-964 NOTE: Focus on pages 953-964
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Example Example Budget Actual Variance Sales in units 125 100 Sales in dollars $21,875 $16,500 $5,375 U Less Costs Advertising - flyers 1,250 1,200 50 F Free samples given out 375 100 275 F Lease on equipment 500 500 0 Office salaries 1,200 1,200 0 Rent - office 1,600 1,600 0 Sales commissions 3,750 3,000 750 F Sales salaries 3,000 3,300 300 U Travel expense - fuel 500 600 100 U Income from operations $9,700 $5,000 $4,700 U As a sales manager, Susan Keyser was given the following budget report for selling expenses for October.
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Example Example per unit Budget Actual Variance Sales in units 100 100 Sales in dollars $175.00 $17,500 $16,500 $1,000 U Variable Costs Free samples given out 3.00 300 100 200 F Travel expense - fuel 4.00 400 600 200 U Advertising - flyers 10.00 1,000 1,200 200 U Sales commissions 30.00 3,000 3,000 0 Fixed Costs
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This note was uploaded on 04/12/2009 for the course ACC 310F taught by Professor Verduzco during the Fall '07 term at University of Texas.

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Web Chapter 24 Day 2 - Flexible Budgets and Standard Costs...

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