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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
The static budget, at the beginning of the month, for Singleton Company follows:
Static budget:
Sales volume: 1,000 units; Sales price: $70.00 per unit
Variable costs: $32.00 per unit; Fixed costs: $35,500 per month
Operating income: $2,500

Actual results, at the end of the month, follows:
Actual results:
Sales volume: 980 units; Sales price: $74.00 per unit
Variable costs: $35.00 per unit; Fixed costs: $33,300 per month
Operating income: $4,920

Calculate the flexible budget variance for fixed costs.
A) $2,200 F
B) $3,180 F
C) $0
D) $2,200 U
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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Deprecated Author
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#2
7 years ago
Makes perfect sense, thx
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#3
7 years ago
I'm liking this Slight Smile
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