Answer the following questions using the information below: Bland Corporation used the following data to evaluate their current operating system.The company sells items for $10 each and used a budgeted selling price of $10 per unit. \[\begin{array} { l r r } & \text { Actual } & \text { Budgeted } \\ \text { Units sold } & 184000 \text { units } & 180000 \text { units } \\ \text { Variable costs } & \$ 901600 & \$ 864000 \\ \text { Fixed costs } & \$ 190000 & \$ 200000 \end{array}\] -What is the static-budget variance of revenues?

A) $40 000 favourable B) $4000 unfavourable C) $40 000 unfavourable D) $4000 favourable A) $40 000 favourable B) $4000 unfavourable C) $40 000 unfavourable D) $4000 favourable

Answer the following questions using the information below: Bathurst Company manufactures remote control devices for garage doors.The following information was collected during June: \[\begin{array} { l r } \text { Actual market size (urits) } & 10000 \\ \text { Actual market share } & 32 \% \\ \text { Actual average selling price } & \$ 10.00 \\ \text { Budgeted market size (units) } & 11000 \\ \text { Budgeted market share } & 30 \% \\ \text { Budgeted average selling price } & \$ 11.00 \\ \text { Budgeted contribution margin per } & \\ \text { composite unit for budgeted mix } & \$ 4.00 \end{array}\] -What is the market-share variance?

A) $800 F B) $1500 U C) $500 U D) $1100 F A) $800 F B) $1500 U C) $500 U D) $1100 F

Exam 12: Flexible Budgets, Direct Cost Variances and Management Control

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Answer the following questions using the information below: Bland Corporation used the following data to evaluate their current operating system.The company sells items for $10 each and used a budgeted selling price of $10 per unit. Actual Budgeted Units sold 184000 units 180000 units Variable costs \ 901600 \ 864000 Fixed costs \ 190000 \ 200000 -What is the static-budget variance of revenues?

(Multiple Choice)

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Question 241

If a sales-volume variance was caused by poor-quality products,then the ________ would be in the best position to explain the variance.

(Multiple Choice)

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Question 242

Importantly,not all variances need to be:

(Multiple Choice)

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Question 243

Answer the following questions using the information below: Bathurst Company manufactures remote control devices for garage doors.The following information was collected during June: Actual market size (urits) 10000 Actual market share 32\% Actual average selling price \ 10.00 Budgeted market size (units) 11000 Budgeted market share 30\% Budgeted average selling price \ 11.00 Budgeted contribution margin per composite unit for budgeted mix \ 4.00 -What is the market-share variance?

(Multiple Choice)

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Question 244

A price variance reflects the difference between the actual price paid and the standard price.

(True/False)

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Question 245

Variances serve as an early warning system to alert managers to existing problems or prospective opportunities.

(True/False)

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Question 246

Showing 241 - 246 of 246

If a sales-volume variance was caused by poor-quality products,then the ________ would be in the best position to explain the variance.

Importantly,not all variances need to be:

A price variance reflects the difference between the actual price paid and the standard price.

Variances serve as an early warning system to alert managers to existing problems or prospective opportunities.

Management Accounting in Context

Different Costs for Different Purposes

Determining How Costs Behave

Costvolumeprofit Analysis

Estimating the Cost of Producing Services

Estimating the Costs of Products and Inventory

Target Costing, Managing Activities and Managing Capacity

Activity-Based Management and Activity-Based Costing

Pricing and Customer Profitability

Decision Making and Relevant Information

Budgeting, Management Control and Responsibility Accounting

Flexible Budgets, Overhead Cost Variances and Management Control

Allocation of Support-Department Costs, Common Costs and Revenues

Strategy Formation, Strategic Control and the Balanced Scorecard

Quality, Time and the Balanced Scorecard

Inventory Management, Just-In-Time and Simplified Costing Methods

Capital Budgeting and Cost Analysis

Management Control Systems, Transfer Pricing and Multinational Considerations

Performance Measurement, Compensation and Multinational Considerations

Measuring and Reporting Sustainability

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