Use the given data shown in the graph. A. What is the budgeted fixed cost per period?B. What is the budgeted variance cost per unit?C. What is the value of F (that is, the flexible budget for an activity of 8,000 units)?D. What is the flexible budget cost amount if the actual activity had been 16,000 units? Use the given data shown in the graph.CostsMasterbudgetFlextle$120,000budget ineActual coste$40,0008.000 untsActual10.000 unitsPlannedActivityper monthactivityactivityRequired:a. What is the budgeted fxed cost per period?b. What is the budgeted veriabie cost per unit?c. What is the value of F(thet is, the flexible budget for an activity level of 8,000 units)?d. What is the flexible budget cost amount if the actual activity had been 16,000 units?Budgeted Sxod costBudgetod var ale costValub ofFlex ble budget cout

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the given data shown in the graph. A. What is the budgeted fixed cost per period? B. What is the budgeted variance cost per unit? C. What is the value of F (that is, the flexible budget for an activity of 8,000 units)? D. What is the flexible budget cost amount if the actual activity had been 16,000 units?

Use the given data shown in the graph.
Costs
Master
budget
Flextle
$120,000
budget ine
Actual coste
$40,000
8.000 unts
Actual
10.000 units
Planned
Activity
per month
activity
activity
Required:
a. What is the budgeted fxed cost per period?
b. What is the budgeted veriabie cost per unit?
c. What is the value of F(thet is, the flexible budget for an activity level of 8,000 units)?
d. What is the flexible budget cost amount if the actual activity had been 16,000 units?
Budgeted Sxod cost
Budgetod var ale cost
Valub of
Flex ble budget cout

Definition Definition Measure used to estimate the difference between the budgeted and annual proportion for a specific accounting year. A favorable budget variance refers to positive variances or gains, while unfavorable or negative variances refer to a shortfall in the budget. A budget variance is indicative of the instances where the actual costs incurred are higher or lower than the estimated costs.

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