Concept- Actual Total Revenue & Budgeted Total Revenue
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
What is the difference between actual total revenue and budgeted total revenue (but at actual level of activity)
What is the difference between actual total revenue and budgeted total revenue (but at actual level of activity)
An unfavorable variance of $4,500 in cost of goods sold is determined by comparing actual results (10,000 units) with the flexible budget (10,000 units). What type of variance?
Which of the following shows leverage effect on the net operating income because of fixed costs?
All are reasons for preparing flexible budgets with multiple cost drivers EXCEPT
In this one, the Paradise Company planning budget had 10,000 units and sales of $500,000. The flexible budget for 12,000 units generated sales of $600,000. Determine what the variance of $100,000 is known as (the variance was due only to an increase in unit sales?)
What is true if a firm determines costs should be explained by more than one cost driver?
The reasons for revenue variances EXCEPT what
What is difference between the actual cost and budgeted cost at the actual level of activity:
Which is NOT a column when preparing a flexible budget performance report sheet?
An unfavorable variance for $4,000 in sales is determined by comparing a flexible budget (9,000 units) with a planning budget (10,000 units). What type of variance?