Assume that the amount of one of a company’s variable expenses in its flexible budget is $40,000. The actual amount of the expense is $42,400 and the amount in the company’s planning budget is $44,000. The spending variance for this expense is:

Vishu

7. Cold X, Inc. uses this information when preparing their flexible budget: direct materials of $2 per unit, direct labor of $3 per unit, and manufacturing overhead of $1 per unit. Fixed costs are $35,000. What would be the budgeted amounts for 20,000 and 25,000 units? PLEASE NOTE: All dollar amounts will be rounded to whole dollars with "$" and commas as needed (i.e. $12,345).  Cold X, Inc. Flexible Budget   20,000 Units 25,000 Units Production Costs ? ? Fixed Overhead ? ? Total Costs ? ?

Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed costs of $30,000, and operating income of $36,000. Based on this information, the budgeted amount of variable costs for 20,000 units would be:

Required information [The following information applies to the questions displayed below.] The fixed budget for 20,600 units of production shows sales of $597,400; variable costs of $61,800; and fixed costs of $143,000. The company's actual sales were 26,500 units at $720,500. Actual variable costs were $113,100 and actual fixed costs were $133,000. Prepare a flexible budget performance report. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Contribution margin Flexible Budget Performance Report Flexible Budget Actual Results Variances Favorable/ Unfavorable

Harder

Initially you're given the department's budgeted and actual performance. Budgeted expenses are $13,000 and actual expenses total $16, 512. What's the expense variance?