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Title: The actual information pertains to the third quarter. As part of the budgeting process, the Duck Dec Post by: jerico on Mar 13, 2015 The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the process of preparing the flexible budget and understanding the results.
Actual Flexible Static Results Budget Budget Sales volume (in units) 11,000 10,000 Sales revenues $238,000 $ $230,000 Variable costs 150,000 $ ________ 180,000 Contribution margin 88,000 $ 50,000 Fixed costs 36,000 $ ________ 35,000 Operating profit $ 52,000 $ $ 15,000 The primary reason for high actual operating profits was ________. A) the variable-cost variance B) increased fixed costs C) flexible budget variance for revenues D) lower sales volume than planned Title: Re: The actual information pertains to the third quarter. As part of the budgeting process, the Duck Post by: cyborg on Mar 19, 2015 Content hidden
Title: Re: The actual information pertains to the third quarter. As part of the budgeting process, the Duck Dec Post by: jerico on Mar 23, 2015 Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
Title: Re: The actual information pertains to the third quarter. As part of the budgeting process, the Duck Dec Post by: cyborg on Mar 23, 2015 I'm happy to help you, how luck with the others, I noticed you've posted a lot of questions.
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