Question

Assume that a company’s actual level of activity was 4,000 units and its actual revenue was...

Assume that a company’s actual level of activity was 4,000 units and its actual revenue was $62,000. The revenue variance was $2,000 favorable and the revenue activity variance was $5,250 unfavorable. What is the company’s planned level of activity?

Multiple Choice

  • 4,350 units

  • 4,250 units

  • 4,150 units

  • 4,050 units

Homework Answers

Answer #1

Thankyou...........

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Assume that the cost formula for one of a company’s variable expenses is $5.00 per unit....
Assume that the cost formula for one of a company’s variable expenses is $5.00 per unit. The company’s actual level of activity was 2,200 units. The spending variance was $800 unfavorable and the activity variance was $1,000 unfavorable. What is the planned level of activity? a .2400 units b. 2000 units c. 2300 units d. 2100 units
16. Georgia, Inc. has collected the following data on one of its products. The direct materials...
16. Georgia, Inc. has collected the following data on one of its products. The direct materials price variance is: Direct materials standard (3 lbs @ $1/lb) $3 per finished unit Total direct materials cost variance—unfavorable $26,250 Actual direct materials used 140,000 lbs. Actual finished units produced 35,000 units Multiple Choice $8,750 favorable. $8,750 unfavorable. $30,750 favorable. $35,000 unfavorable. Incorrect $26,250 unfavorable. 19, Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is:...
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,000...
Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,000 client-visits, but its actual level of activity was 3,980 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Fixed element per month Variable element per client-visit Revenue - $ 36.00 Personnel expenses $ 28,000 $ 12.00 Medical supplies 2,000 6.00 Occupancy expenses 11,000 1.00 Administrative expenses 7,000 0.10...
Find the values of the missing items. Assume that the actual sales volume equals actual production...
Find the values of the missing items. Assume that the actual sales volume equals actual production volume. (There are no inventory level changes.) (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Reported Income Statement (2500 units) Manufacturing Variance Marketing and Admin Variance Sales price variance Flexible budget (2500 units) Sales Activity Variance Master Budget (2700 units) Sales Revenue...
Based on a predicted level of production and sales of 15,000 units, a company anticipates total...
Based on a predicted level of production and sales of 15,000 units, a company anticipates total variable costs of $48,000, fixed costs of $21,000, and operating income of $81,600. Based on this information, the budgeted amount of operating income for 12,000 units would be: Multiple Choice $61,080. $82,080. $13,080. $38,400. $120,480. Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead spending variance. Direct labor standard (3.00 hrs. @ $18.20/hr.) $ 54.60 per...
Given the following information in standard costing: Budgeted: 12,000 units at $5.00 each. Actual: 11,500 units...
Given the following information in standard costing: Budgeted: 12,000 units at $5.00 each. Actual: 11,500 units at $5.5 each. What is the total revenue total/static variance? Select one: a. $2,500, favorable b. $2,500, unfavorable c. $3,250, favorable d. $3,250, unfavorable e. $5,750, favorable f. $5,750, unfavorable In general, the terms favorable and unfavorable are used to describe the effect of a variance on Select one: a. income/profit b. sales revenue c. production costs d. operating expenses e. balance sheet
Nashville Corporation has provided the following information for June 2018: Fixed Element Variable Element Actual Totals...
Nashville Corporation has provided the following information for June 2018: Fixed Element Variable Element Actual Totals Per Month Per Unit Sold for February Revenue $40 $410,000 Wages $100,000 $5 $140,000 Office expense $20 $175,000 Other expense $40,000 $48,000 Nashville Corporation planned on selling 10,000 units in June, however, actual units sales totaled 11,000 units. The activity variance for revenue is _______ . The activity variance for total expenses is _______ . The activity variance for net operating income is _______...
Chatham Clinic has accumulated the following information regarding its patient visits: Static Budget Actual Results Patient...
Chatham Clinic has accumulated the following information regarding its patient visits: Static Budget Actual Results Patient visits 1,500 1,400 Variable cost per visit $50 $55 Fixed costs $100,000 $100,000 I. What is the cost variance for Chatham Clinic?   $2,000 favorable   $2,000 unfavorable   $7,000 favorable   $7,000 unfavorable   $5,000 favorable II. What is the management variance for Chatham Clinic?   $2,000 favorable   $2,000 unfavorable   $7,000 favorable   $7,000 unfavorable   $5,000 favorable
Exercise 9-2 Activity Variances [LO9-2] Flight Café prepares in-flight meals for airlines in its kitchen located...
Exercise 9-2 Activity Variances [LO9-2] Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport. The company’s planning budget for July appears below: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (q) 20,000 Revenue ($3.90q) $ 78,000 Expenses: Raw materials ($2.20q) 44,000 Wages and salaries ($6,500 + $0.20q) 10,500 Utilities ($1,900 + $0.05q) 2,900 Facility rent ($4,000) 4,000 Insurance ($2,000) 2,000 Miscellaneous ($700 + $0.10q) 2,700 Total expense 66,100 Net...
5.          A company’s manufacturing plans were as follows: Units to be manufactured:       1,000 units Budgeted variable...
5.          A company’s manufacturing plans were as follows: Units to be manufactured:       1,000 units Budgeted variable costs:                      $50,000 [50q ($50 per unit)] Budgeted fixed costs:              $30,000 Budgeted mixed costs:             $20,000 [14,000 + 6q ($14,000 fixed + $6 per unit)] Later, the company actually produced 1,200 units, and incurred variable costs of $52,000; fixed costs of $31,000; and mixed costs of $21,000. The flexible budget for 1,200 units will show the total budgeted cost of $_______. The amount of the overall...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT