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Edwards and Bell market a single line of home computer, dubbed the XL-98. The master budget for the coming year contained the following items: sales revenue, $400,000; variable costs, $250,000; fixed costs, $100,000. Actual results for the year were as follows: sales revenue, $350,000; vari- able costs, $225,000; fixed costs, $95,000. The flexible-budget operating income for the year was $35,000. What is the total static (master) budget variance in operating profit for the period? What portion of the total static (master) budget variance is attributable to actual sales volume being dif- ferent from planned sales volume? What portion is due to a combination of selling price and costs (variable cost per unit and total fixed costs) being different from budgeted amounts?
Which of the following would be a cash flow from operating activities?
Calculate the Revenues for Simpson Co. for April and describe why cash receipt from customers can be different from revenues.
Why are some amounts recognized and some not recognized and how much would assets and earnings change if tax loss carryforwards were de-recognized
multiple questions on cash flows.1.nbspa buyer receives favorable financing from the seller as follows actual mortgage
The company must pay $28,000 in income tax if it achieves the goal. The contribution margin ratio is 30%. What dollar amount of sales must be achieved to reach the goal if fixed costs are $64,000? SHOW YOUR WORK
Calculate the amount of depreciation expense that Tiggy should record for Machine B each year of its useful life, under the following assumptions.
Which of the following would not require a normalization entry? You calculate a closely held company
Read headline "Lay off Big Macs, radio boss tells staff" and using Legitimacy Theory as the basis of your argument, explain why a company such as McDonald's would not want a radio station to make adverse comments about it
Given the following data, calculate cost of goods sold and the cost of ending inventory.
What is a partnership interest? What rights does it confer to the partner? What are inside basis and outside basis, and why are they important?
Credit Card Company had the following inventory data for the current month and evaluate cost of goods sold and ending inventory for each of the following methods.
prepare a cash budget and a schedulenbsp of expected cash collections for the data furnished below.nbspjodi horton
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