What are the actual variable costs C A 72800 B 64240 C 62640 D 54080 Answer B

# What are the actual variable costs c a 72800 b 64240

• Test Prep
• SAR84067
• 60
• 95% (99) 94 out of 99 people found this document helpful

This preview shows page 23 - 26 out of 60 pages.

7) What are the actual variable costs (C)? A) \$72,800B) \$64,240C) \$62,640 D) \$54,080Answer:
BDiff: 2Terms: flexible budgetObjective: 3AACSB: Analytical skills8) What is the total flexible-budget variance (D)?
DDiff: 2Terms: flexible-budget varianceObjective: 3AACSB: Analytical skills
9) What is the total sales-volume variance (E)?
CDiff: 2Terms: sales-volume varianceObjective: 3AACSB: Analytical skills10) What is the total static-budget variance?
ADiff: 2Terms: static-budget varianceObjective: 3AACSB: Analytical skills11) The flexible-budget variance pertaining to revenues is often called a selling-price variance.
Diff: 1Terms: flexible-budget varianceObjective: 3AACSB: Reflective thinking12) Cost control is the focus of the sales-volume variance.
Diff: 2Terms: sales-volume varianceObjective: 3AACSB: Reflective thinking
13) Bach Table Company manufactures tables for schools. The 2011 operating budget is based on sales of 40,000 units at \$50 per table. Operating income is anticipated to be \$120,000. Budgeted variable costs are \$32 per unit, while fixed costs total \$600,000. Actual income for 2011 was a surprising \$354,000 on actual sales of 42,000 units at \$52 each. Actual variable costs were \$30 per unit and fixed costs totaled \$570,000. Required:Prepare a variance analysis report with both flexible-budget and sales-volume variances.
Diff: 2Terms: static budget, flexible-budget variance, sales-volume varianceObjective: 2, 3AACSB: Analytical skillsObjective 7.41) The flexible-budget variance for direct cost inputs can be further subdivided into a:
CDiff: 1Terms: flexible-budget varianceObjective: 4AACSB: Analytical skills