costacctg13_cf_ch07

costacctg13_cf_ch07 - Chapter 7. Flexible Budgets,...

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Chapter 7. Flexible Budgets, Direct-Cost Variances, and Management Control 7-16 1. FBV $12,800 U SVV $7,200 U SBV $20,000 U 7-17 1. FBV $24,000 U SVV $72,000 F SBV $48,000 F 7-18 1. SBV $17,000 U 2. FBV $19,000 F SVV $36,000 U 7-19 1. FBV: $15,000 U SVV: $15,000 F SBV $0 2. Actual SP $5.50 Budgeted SP $3.50 Actual VC $3.96 Budgeted VC $2.00 7-20 1. Units $25,000 F (5.0%) Rev $110,000 F (3.4%) VMC $140,000 U (8.0%) CM $30,000 U (2.0%) 2. FBV $105,000 U SVV $75,000 F 3. $52,500 U 7-21 1. FBV $408 F 2. PV $1,120 F EV $712 U 7-22 DM: PV $14,000 F EV $11,000 F FBV $25,000 F DML: PV $4,000 U EV $6,000 U FBV $10,000 U 7-23 1. DM: PV $1,815.00 U; EV $990.00 U DML: PV $104.50 U; EV $440.00 F Total FBV $2,469.50 U; 13.21% (= $2,469.50/$18,700) 2. DM: PV $1,156.16 U; EV $772.20 U DML: PV $102.41 U; EV $607.20 F Total FBV $1,423.57 U; 7.61% (= $1,423.57/$18,700) 7-24 1. DM: PV $15,000 U; EV $2,002 F DML: PV $7,350 U; EV $750 F 2. cr. AP Control $465,000; cr. DM Control $441,248; cr. WP Control $154,350
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This note was uploaded on 12/28/2011 for the course ACCT 303 taught by Professor Staff during the Spring '08 term at CSU Bakersfield.

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costacctg13_cf_ch07 - Chapter 7. Flexible Budgets,...

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