This topic contains a solution. Click here to go to the answer

Author Question: Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following ... (Read 17 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535

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? 


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ahriuashd on Mar 6, 2021

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 60% of students answer this correctly




ahriuashd

  • Member
  • Posts: 535
Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

For a complete list of videos, visit our video library