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Author Question: The revenue journal is designed for the efficient recording of cash sales transactions. a. True b. ... (Read 152 times)

kamilo84

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on: Jul 5, 2018
The revenue journal is designed for the efficient recording of cash sales transactions.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

What is the static-budget variance of revenues?
 
  Contrafic Corporation used the following data to evaluate its current operating system. The company sells items for 21 each and used a budgeted selling price of 21 per unit.
 
   Actual Budgeted
   Units sold 180,000 units 185,000 units
   Variable costs 1,080,000 1,295,000
   Fixed costs  800,000  775,000
 
  A) 105,000 favorable
  B) 105,000 unfavorable
  C) 8,000 favorable
  D) 8,000 unfavorable


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cdmart10

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Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

Answer: B


kamilo84

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Reply 2 on: Jul 5, 2018
Wow, this really help

bigsis44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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