User Account

All Pages

What is the difference between actual and budgeted costs

Assignment Help Accounting Basics
Reference no: EM131797410

Question - Francis Company uses flexible budgets. At normal capacity of 8,000 vases, budgeted manufacturing variable overhead is $48,000. If Francis had actual variable overhead costs of $58,500 for 9,000 vases produced, what is the difference between actual and budgeted costs for variable overhead?

a. $1,500 unfavorable

b. $1,500 favorable

c. $4,500 unfavorable

d. $10,500 favorable

Reference no: EM131797410

Questions Cloud

Why lancet might have felt that conclusions not justified : Explain why Lancet might have felt that the conclusions were not justified by listing potential flaws in the study, as described above.
Learning the material throughout the duration : How do you think fixed costs can be applied to learning the material throughout the duration of this course?
What is the effective dividend tax rate : For assets held less than one year, capital gains are taxed at the ordinary income tax rate (currently 35% for the highest bracket).
Do you think that this is strictly true in economic terms : If bananas were called luxuries. Do you think that this is strictly true in economic terms?
What is the difference between actual and budgeted costs : If Francis had actual variable overhead costs of $58,500 for 9,000 vases produced, what is difference between actual and budgeted costs for variable overhead
Importance to the staffing process : discuss the meaning of each of each concept and its importance to the staffing process.
How many of the hypothesis tests would you expect to appear : Suppose that for each pair of color groups, we wished to test whether the stroke risk was different. For instance, is it different for green vs. orange?
How much is the residual income : Sylva Company had sales of $500,000, variable costs of $240,000, and direct fixed costs totaling $120,000. How much is the residual income
Exploitation and redistribution rationales for minimum wage : What is the key similarity between the exploitation and redistribution rationales for a minimum wage?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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