WebFixed Budget Performance Report Compares actual results with the results expected under a fixed budget. Favorable Variance When compared to budget, the actual cost or revenue contributes to a higher income. That is, actual revenue is higher than budgeted revenue, or actual cost is lower than budgeted cost. Unfavorable Variance Webflexible budget. based on several different amounts of sales. fixed budget performance report. compares actual results with the results expected under a fixed budget. favorable variance. the actual cost or revenue contributes to a higher income. unfavorable variance. the actual cost or revenue contributes to a lower income.
Solved Mead Corporation has prepared a fixed budget based on
WebThat fixed budget included variable costs totaling $800,000 and fixed costs totaling $240,000. If the company instead uses flexible budgeting and actually sells 200,000 units … WebFixed Budgeted Actual Results Sales (units produced and sold) 1,200 1,400 Sales (in dollars) $ 300 per unit $ 435,000 Variable costs $ 120 per unit $ 172,000 Fixed costs $ 125,000 $ 122,000 For Month Ended May 31 Answer is complete but not entirely correct. small holdings to rent cornwall
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WebThe fixed budget indicates sales of $50,000. Actual sales were $55,000. The variance is: 5000 favorable ... Often based on several levels of activity Useful to compare what-if scenarios Useful for evaluating past performance. A company sells a product for $3. Direct materials are $1.80 per unit. ... report. reset costs for delivering a product ... WebTranscribed image text: The fixed budget for 20,000 units of production shows sales of $400,000; variable costs of $80,000; and fixed costs of $150,000 The company's actual sales were 26,000 units at $480,000. Actual variable costs were $112,000 and actual fixed costs were $145,000. Prepare a flexible budget performance report. WebFoothill Transit, the primary fixed-route transit provider in eastern Los Angeles County, California is seeking a highly qualified individual for the position of Director of Customer Service and Operations.Foothill Transit’s mission is to be the premier public transit provider committed to safety, courtesy, quality, responsiveness, efficiency and innovation. small holdings sussex