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Author Question: Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following ... (Read 56 times)

ahriuashd

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Question 1

Variances are used for evaluating performance and for motivating managers.
◦ true
◦ false

Question 2

Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: 

AnalysisActual
Results
Flexible VariancesFlexible BudgetSales-
Volume Variances
Static Budget
Units Sold112,500112,500103,125
Revenues$42,080$1,000 F(A)$1,400 U(B)
Variable Costs(C)$200 U$15,860$2,340 F$18,200
Fixed Costs$8,280$860 F$9,140$9,140
Operating Income$17,740(D)$16,080(E)$15,140
Required:
a.What are the respective flexible-budget revenues (A)?
b.What are the static-budget revenues (B)?
c.What are the actual variable costs (C)?
d.What is the total flexible-budget variance (D)?
e.What is the total sales-volume variance (E)?
f.What is the total static-budget variance? 


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Marked as best answer by ahriuashd on Mar 6, 2021

scrocafella

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ahriuashd

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


adf223

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Reply 3 on: Yesterday
Excellent

 

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