{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

chapter 22 quiz

chapter 22 quiz - 1 Question 1 Multiple ChoiceID 5630912...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Question 1 - Multiple ChoiceID: 5630912 - Correct Question: A flexible budget is prepared to allow Actual and budgeted results to be compared at almost any level of activity Costs and revenues to be compared at a particular level of activity only Management discretion and flexibility Flexibility in determining standard costs Question 2 - Multiple ChoiceID: 5630926 - The correct answer has been circled. Question: Western Outfitters Mountain Sports projected 2008 sales of 75,000 units at a unit sale price of $12. Actual 2008 sales were 72,000 units at $14 per unit. Actual variable costs, budgeted at $4 per unit, totaled $4.75 per unit. Budgeted fixed costs totaled $375,000, while actual fixed costs amounted to $400,000. What is the sales volume variance for total revenue? $144,000 favorable $42,000 unfavorable $108,000 favorable $36,000 unfavorable Question 3 - Multiple ChoiceID: 5630921 - Correct Question: Which of the following is a budget based on a single predicted amount of sales or production?
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern