Walsh Enterprises manufactures tires for the Formula I motor racing circuit. For August, it budgeted to manufacture and sell 3,600 tires at a variable cost of $82 per tire and total fixed costs of $63,000. The budgeted selling price was $116 per tire. Actual results in August were 3,400 tires manufactured and sold at a selling price of $118 per tire. The actual total variable costs were $289,000, and the actual total fixed costs were $59,000. Required 1. Prepare a performance report that uses a flexible budget and a static budget. 2. Comment on the results in requirement 1. Requirement 1. Prepare a performance report that uses a flexible budget and a static budget. Begin with the actual results, and then complete the flexible budget columns and the static budget columns. Label each variance as favourable or unfavourable. (For variances with a 50 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label. Use parentheses or a minus sign when entering an operating loss.) Actual Results Flexible-Budget Variances Flexible Budget Sales-Volume Variances Static Budget Units sold Revenues Variable costs Contribution margin Fixed costs Operating income Clear all Check answer

Define divestiture

Compare the Mutually Exclusive Alternatives, based on IRR?

Jerry Isaacs could amort

But why? for number 3

did not fully awnser question

What does the term "no mutual agency" mean

Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800

Will any of the gain be excluded under Section 121?