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Units sold 1000000 990000 variable costs 3000000

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Units Sold1,000,000990,000Variable Costs$3,000,000$2,500,000Fixed Costs$1,800,000$1,850,00014) What is the actual operating income for Ames Golf Company using the actual results?D
Skill:ApplyingObjective:LO 7-15
15) What is the budgeted operating income for Ames Golf Company?D
Diff: 1Type: MCCPA Competencies:Chapter 7 -3.2.1 Develops or evaluates information inputs for operational plans, budgets, and forecasts,3.2.2 Prepares, analyzes, or evaluates operational plans, budgets, and forecasts,3.2.3 Computes, analyzes, or assesses implications of variances,3.4.1 Evaluates sources and drivers of revenue growthSkill:ApplyingObjective:LO 7-116) What is the total static budget variance for Ames Golf Company?E
Diff: 2Type: MCCPA Competencies:Chapter 7 -3.2.1 Develops or evaluates information inputs for operational plans, budgets, and forecasts,3.2.2 Prepares, analyzes, or evaluates operational plans, budgets, and forecasts,3.2.3 Computes, analyzes, or assesses implications of variances,3.4.1 Evaluates sources and drivers of revenue growthSkill:ApplyingObjective:LO 7-16
17) A company uses a static budget approach and the previous management accountant calculated thefollowing information: Fixed costs variance $10,000 U; revenues variance $400,000 F; contribution marginvariance $60,000 F. What is the total static-budget variance?A) $50,000 FB) $50,000 UC) $230,000 FD) $230,000 UE) $390,000 FAnswer:Explanation:$60,000 F - $10,000 U = $50,000 FA

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