Instructions Krause Industries has gathered the following information.docx

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Instructions Krause Industries has gathered the following information about the actual sales revenues and expenses for its Food Services segment for the most recent year. Performance Report Krause Industries - Food Services Segment For Fiscal Year Ending December 31 Actual Budgeted Less: Variable Expenses: Variable Cost of Goods Sold 201,520 190,000 Variable Operating Expenses 229,632 240,000 Total Variable Expenses 431,152 430,000 Less Direct Fixed Expenses: Fixed Manufacturing Overhead 102,600 100,000 Fixed Operating Expenses 27,000 25,000
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Unformatted text preview: Total Direct Fixed Expenses 129,600 125,000 Less Common Fixed Expenses 17,775 16,000 Total Costs $578,527 $571,000 Krause has adopted the policy of having its segment managers investigate fully any unfavorable variances under the control of segment managers which are in excess of 5% of the line-item budget. Under that policy, indicate whether the following items on the Performance Report will be investigated. Select TRUE - if the line item is investigated. Select FALSE if the line item will not be investigated....
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