Calculate the fixed cost volume variance and indicate

Assignment Help Other Subject
Reference no: EM133920109

Problem

Corporation budgeted fixed costs of $250,000 for the current year. The company expected to make 20,000 units during the year. Actual fixed costs were $256,000, and Monroe actually made 22,000 units of product. Required: Calculate the spending variance relating to these fixed costs and indicate whether it is favorable or unfavorable. Get the instant assignment help. Calculate the fixed cost volume variance and indicate whether it is favorable or unfavorable. Explain why the variance is favorable or unfavorable.

Reference no: EM133920109

Questions Cloud

How many dependency exemptions can the joneses claim : Their daughter, Kaitlyn, is 22 and graduated from Franklin University on June 10. How many dependency exemptions can the Joneses claim on this year's return?
How must ramon treat the transactions for tax purposes : Loss on the sale of a reconditioned motorcycle owned for 3 years and used for recreational purposes. How must Ramon treat the transactions for tax purposes?
How does this market structure affect the consumers : What type of oligopoly do you think is described in the newsletter, and why do you think so?
Why do you think liabilities had been recorded previously : Why do you think liabilities had been recorded previously? Is the proposal ethical? Who would be affected if the proposal is implemented?
Calculate the fixed cost volume variance and indicate : Calculate the fixed cost volume variance and indicate whether it is favorable or unfavorable. Explain why the variance is favorable or unfavorable.
Mexico workforce for the creation of computer components : Briefly describe Mexico's workforce for the creation of computer components and the cost of that labor.
What accounting assumption guides mels behavior in situation : Mel took out a personal loan to pay for the car. What accounting assumption guides Mel's behavior in this situation?
What is meant by maturity intermediation : What is meant by maturity intermediation? What is meant by denomination intermediation? What other services do FIs provide to the financial system?
Which made update difficult and generated frequent errors : which made update difficult and generated frequent errors in the reports. To improve its administrative control, the company implemented Microsoft Access.

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd