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The actual information pertains to the third quarter. As part of the budgeting process, the Duck Dec

jerico

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9 years ago

The actual information pertains to the third quarter. As part of the budgeting process, the Duck Dec

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

Textbook

Cost Accounting

Edition: 14^th

Authors: Horngren, Datar, Rajan

Read 962 times

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cyborg

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jerico Author

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9 years ago

Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!

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cyborg

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9 years ago

I'm happy to help you, how luck with the others, I noticed you've posted a lot of questions.

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