subject
Business, 06.05.2020 22:59 bell777

A fixed budget performance report indicates a sales variance of $20,000 favorable.

The reason for the variance:

A. is that the company sold more units than budgeted.

B. is that there was a combination of more units sold than budgeted and at a higher price than budgeted.

C. is that the company sold the budgeted number of units, but at a higher price per unit than budgeted.

D. cannot be determined from the fixed budget performance report.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 15:20
Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."
Answers: 3
question
Business, 22.06.2019 19:30
Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%
Answers: 3
question
Business, 23.06.2019 00:00
Todd and jim learned that in building a business plan, it was important for them to:
Answers: 1
question
Business, 23.06.2019 09:00
Describe at least four ways you can take money out of a checking account
Answers: 2
You know the right answer?
A fixed budget performance report indicates a sales variance of $20,000 favorable.

The...
Questions
question
Computers and Technology, 14.09.2021 14:00
question
English, 14.09.2021 14:00
question
Mathematics, 14.09.2021 14:00
question
Spanish, 14.09.2021 14:00