In analyzing company operations, the controller of the Carson Corporation found a $250,000 favorable flexible budget revenue variance. The variance was calculated by comparing the actual results with the flexible budget. This variance can be wholly explained by:

Q: Jordan Company has provided the following for the year Budget Sales Variable product costs Variable…

A: The variance is favorable when budgeted costs are more than the actual costs incurred. The variance…

Q: If the actual fixed costs total $ 167000 with the actual number of units produced equal to 120 , and…

A: The fixed overhead cost variance indicates the extra Fixed OH actually incurred over and above the…

Q: AirQual Test Corporation provides on-site air quality testing services. The company has provided the…

A: Budgeting: It is a process of planning the work to be performed. Under this process a formal plan is…

Q: 1) Why do companies develop flexible budgets for variance analysis?   Because actual activity level…

A: 1. Flexible budget is prepared for different level of sales volume. When the company prepares static…

Q: Devin Company has the following data for their budget and actual performance. Master Budget Variance…

A: SOLUTION- MASTER BUDGET-IT IS AN EXPENSIVE BUSINESS STRATEGY THAT DOCUMENTS EXPECTED FUTURE…

Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…

A: Calculation of revenue and spending variance    Excel Formulas that are used for calculations:-

Q: K Jay Draperies makes and sells curtains. Information related to its performance in 2020 is given…

A:

Q: Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances…

A: Variable cost Depends upon the production of goods or services that is increment of sales increases…

Q: AirQual Test Corporation provides on-site air quality testing services. The company has provided the…

A: Flexible Budget Performance Report includes both Revenue and spending variances and Activity…

Q: As part of her annual review of her company’s budgets versus actuals, Mary Gerard isolates…

A: Variable overhead cost: The cost fluctuates on the basis of the output level produced. The variable…

Q: John Richardson is the manufacturing production supervisor for Benson Tool Works, a company that…

A: A flexible budget is one which adjusts with changes in volume. Under flexible budget, variable cost…

Q: The following is a partial performance report for a revenue center for the Southeast Division of…

A: Sales variance analysis is one of important analysis being done in business. It shows variance…

Q: Rooney Company has provided the following for the year: Budget Sales $ 519,000 Variable product…

A: Variable cost Depends upon the production of goods or services that is increment of sales increases…

Q: Bingo Inc. wants to analyze the variances in its actual and budgeted gross profit. The following are…

A: Variance:   It is difference between the budgeted and actual amount spend on material and labor. It…

Q: The cellular phone division of Stanton Company had budgeted sales of $800,000 and actual sales of…

A: Answer:-  Variance meaning:- A variance is basically the difference between the budgeted and actual…

Q: The master budget at Western Company last period called for sales of 225,000 units at $9 each. The…

A: Profit variance analysis of Western company is as under:

Q: A company shows a $2,520 unfavorable volume variance, a $6,280 favorable controllable variance, and…

A: Overhead variance analysis assesses the differences between actual and standard overhead costs. It…

Q: Which of the following statements concerning performance reports is incorrect? The activity level…

A: Performance report : It is a managerial report used to compare the results of Actual activity and…

Q: n 2020 standard cost variance analysis report presented by the controller of ABC Corporation, the…

A: solution concept Favorable labor efficiency variance               Favorable labor efficiency…

Q: Records at the Farnsworth Corporation contained the following data for the most recent period of…

A: DIRECT LABOUR COST VARIANCEDirect Labour Cost Variance is the difference between the actual direct…

Q: Performance Report Bowling Company budgeted the following amounts: Variable costs of production:…

A: The performance report is prepared to measure the actual results with budgeted data for actual…

Q: present three variances: (1) the $ change in profit due solely to me selling more or less units…

A: Variance analysis :— Variance analysis is nothing but the Difference between Standard Cost and…

Q: The trial balance for Marigold Corporation shows the following for its DM and DL variances at…

A: Cost variance is a cost management term that refers to the difference between the budgeted cost for…

Q: )  Ehrlich Corporation compares monthly actual operating results to a static budget prepared at the…

A: It is pertinent to note that variable costs are costs that change with the change in the amount of…

Q: Crystal Glassware Company has the following standards and flexible-budget data. $6 per direct-labor…

A: Variance is the difference in the value of budgeted cost\quantity\price and the actual…

Q: Select all that were the source for the Direct Labor favorable effeciency variance. a. Actual number…

A: The objective of the question is to identify the factors that contribute to a favorable efficiency…

Q: Required information [The following information applies to the questions displayed below.] Alvarez…

A: Expenses that are not applied or allocated to products, such as marketing and general management,…

Q: Your managerial accountant has provided you with the following variance report as it relates to…

A: The objective of the question is to identify the qualitative considerations related to the variance…

Q: Trull Company uses a standard cost system. Variable overhead costs are allocated based on direct…

A: Expenses like utilities, maintenance, and indirect labor are examples of variable overhead expenses…

Q: ct materials efficiency variance ct labor cost variance ct labor efficiency variance ble overhead…

A: The total fixed overhead variance of the company is the difference between the actual fixed overhead…

Q: Lewis Company reports the following fixed budget and actual results for May. Prepare a flexible…

A: Variance arises when the actual costs  differ from the standard costs. The results are favorable…

Q: Which of the following is/are true statements: A) Revenue sources for non for profit organizations…

A: The variance shows the difference between the actual and the budgeted figures of both the data as…

Q: A company has budgeted variable costs of $1,500,000 and actual variable costs are $1,425,000. This…

A: Answer:- Formula:- Variance = Budgeted variable costs - Actual variable costs

Q: verify whether variances favorable of unfavorable: budgeted cost at actual volue would be 25344…

A: Wage Rate Variance = (Budgeted Rate-Actual rate) x Actual Hours Labor Efficiency Variance =…

Q: In gross profit analysis, a favorable cost of sales variance that includes an unfavorable cost…

A: A favorable variance happens when the cost to produce is less than the budgeted cost. It means a…

Q: The differences between actual and budgeted figures are known as type your answer... 2 Which of the…

A: 1. The difference between actual figures and budgeted figures are knows as Variance.

Q: Ray Company provided the following excerpts from its Production Department's flexible budget…

A: Flexible budget performance report is the one which is prepared by the entity to compute the…

Q: What is the Sales Volume Variance under 4-way analysis?

A: Any variance can be evaluated in 4 ways The fixed price/spending variance The variable…

Q: firm’s production facilities were under-utilized by producing less units of products than budgeted.…

A: The difference between the amount projected for fixed overhead expenses based on production volume…

Q: Bulldogs Inc. wants to analyze the variances in its actual and budgeted gross profit. The following…

A: In managerial accounting and performance analysis, the term "sales volume variance" is used to…

Q: Requirement 2. Prepare a​ flexible-budget-based variance analysis of the September performance.…

A: Variances is the amount of difference between the actual values and the values estimated by the…

Q: The following table contains a hypothetical partial master budget performance report for European…

A: Variances are the differences between the actual values and budgeted values. If the budgeted values…

Q: he management of Earth Barber Lawnmowers has calculated the following variances: Direct materials…

A: Fixed Overhead Variance = Spending Variance + Volume Variance As per the given case Fixed Overhead…

Q: Brunel Ltd employed cheaper quality materials in its production process than originally planned. At…

A: Solution: Cheaper quality materials results in excess wastage and higher usage of materials. Further…

Q: Blue Industries has a Flexible Budget Variance of $474, favorable and a Sales Activity Variance of…

A: Flexible budget variance :— It is the difference between actual results and flexible budget.  Sales…

Q: ur sales manager to explain why budgeted revenues for your division are below expectations. The…

A: Sales Price Variance  $30,008 Unfavorable Sales Volume Variance $10,780 Favorable Total revenue…