Filters
Question type
Study Flashcards

Neighbors Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During April, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 2,960 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for April: Data used in budgeting: Neighbors Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During April, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 2,960 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for April: Data used in budgeting: Actual results for April: -The activity variance for wages and salaries in April would be closest to: A) $228 F B) $112 F C) $228 U D) $112 U Actual results for April: Neighbors Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During April, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 2,960 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for April: Data used in budgeting: Actual results for April: -The activity variance for wages and salaries in April would be closest to: A) $228 F B) $112 F C) $228 U D) $112 U -The activity variance for wages and salaries in April would be closest to:


A) $228 F
B) $112 F
C) $228 U
D) $112 U

E) B) and C)
F) A) and C)

Correct Answer

verifed

verified

Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Actual results for February: -The spending variance for medical supplies in February would be closest to: A) $1,405 F B) $780 F C) $780 U D) $1,405 U Actual results for February: Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Actual results for February: -The spending variance for medical supplies in February would be closest to: A) $1,405 F B) $780 F C) $780 U D) $1,405 U -The spending variance for medical supplies in February would be closest to:


A) $1,405 F
B) $780 F
C) $780 U
D) $1,405 U

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

Knapper Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,700 tenant-days, but its actual level of activity was 2,740 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Knapper Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,700 tenant-days, but its actual level of activity was 2,740 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: -The food and supplies in the flexible budget for January would be closest to: A) $41,726 B) $42,243 C) $41,018 D) $41,130 -The food and supplies in the flexible budget for January would be closest to:


A) $41,726
B) $42,243
C) $41,018
D) $41,130

E) B) and D)
F) A) and D)

Correct Answer

verifed

verified

Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 2,500 client-visits, but its actual level of activity was 2,450 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 2,500 client-visits, but its actual level of activity was 2,450 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Actual results for December: -The activity variance for administrative expenses in December would be closest to: A) $10 U B) $90 F C) $90 U D) $10 F Actual results for December: Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 2,500 client-visits, but its actual level of activity was 2,450 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Actual results for December: -The activity variance for administrative expenses in December would be closest to: A) $10 U B) $90 F C) $90 U D) $10 F -The activity variance for administrative expenses in December would be closest to:


A) $10 U
B) $90 F
C) $90 U
D) $10 F

E) None of the above
F) A) and B)

Correct Answer

verifed

verified

Feemster Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 5,900 units, but its actual level of activity was 5,850 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October: Data used in budgeting: Feemster Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 5,900 units, but its actual level of activity was 5,850 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October: Data used in budgeting: Actual results for October: -The activity variance for net operating income in October would be closest to: A) $680 U B) $680 F C) $1,300 F D) $1,300 U Actual results for October: Feemster Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 5,900 units, but its actual level of activity was 5,850 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October: Data used in budgeting: Actual results for October: -The activity variance for net operating income in October would be closest to: A) $680 U B) $680 F C) $1,300 F D) $1,300 U -The activity variance for net operating income in October would be closest to:


A) $680 U
B) $680 F
C) $1,300 F
D) $1,300 U

E) A) and C)
F) B) and C)

Correct Answer

verifed

verified

Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Actual results for February: -The personnel expenses in the planning budget for February would be closest to: A) $80,675 B) $80,445 C) $79,600 D) $78,657 Actual results for February: Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Actual results for February: -The personnel expenses in the planning budget for February would be closest to: A) $80,675 B) $80,445 C) $79,600 D) $78,657 -The personnel expenses in the planning budget for February would be closest to:


A) $80,675
B) $80,445
C) $79,600
D) $78,657

E) A) and D)
F) A) and B)

Correct Answer

verifed

verified

Scharfenberg Corporation is an oil well service company that measures its output by the number of wells serviced.The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March. Scharfenberg Corporation is an oil well service company that measures its output by the number of wells serviced.The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March. When the company prepared its planning budget at the beginning of March,it assumed that 23 wells would have been serviced.However,25 wells were actually serviced during March. The activity variance for Other expenses for March would have been closest to: A) $0 B) $200 F C) $2,712 F D) $200 U When the company prepared its planning budget at the beginning of March,it assumed that 23 wells would have been serviced.However,25 wells were actually serviced during March. The activity variance for "Other expenses" for March would have been closest to:


A) $0
B) $200 F
C) $2,712 F
D) $200 U

E) B) and D)
F) None of the above

Correct Answer

verifed

verified

Aultz Tile Installation Corporation measures its activity in terms of square feet of tile installed.Last month,the budgeted level of activity was 1,180 square feet and the actual level of activity was 1,270 square feet.The company's owner budgets for supply costs,a variable cost,at $3.50 per square foot.The actual supply cost last month was $4,980.In the company's flexible budget performance report for last month,what would have been the spending variance for supply costs?


A) $850 U
B) $535 U
C) $353 U
D) $315 U

E) A) and B)
F) C) and D)

Correct Answer

verifed

verified

Lawes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 5,000 units, but its actual level of activity was 5,050 units. The company has provided the following data concerning the formulas to be used in its budgeting: Lawes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 5,000 units, but its actual level of activity was 5,050 units. The company has provided the following data concerning the formulas to be used in its budgeting: -The net operating income in the planning budget for July would be closest to: A) $23,668 B) $16,200 C) $16,875 D) $24,144 -The net operating income in the planning budget for July would be closest to:


A) $23,668
B) $16,200
C) $16,875
D) $24,144

E) All of the above
F) A) and B)

Correct Answer

verifed

verified

Herlocker Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished.The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Herlocker Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished.The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. When the company prepared its planning budget at the beginning of February,it assumed that 26 containers would have been refurbished. The amount shown for revenue in the planning budget for February would have been closest to: A) $136,300 B) $119,600 C) $133,400 D) $122,200 When the company prepared its planning budget at the beginning of February,it assumed that 26 containers would have been refurbished. The amount shown for revenue in the planning budget for February would have been closest to:


A) $136,300
B) $119,600
C) $133,400
D) $122,200

E) B) and D)
F) A) and B)

Correct Answer

verifed

verified

Malander Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During November, the kennel budgeted for 3,400 tenant-days, but its actual level of activity was 3,390 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for November: Data used in budgeting: Malander Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During November, the kennel budgeted for 3,400 tenant-days, but its actual level of activity was 3,390 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for November: Data used in budgeting: Actual results for November: -The activity variance for wages and salaries in November would be closest to: A) $454 F B) $454 U C) $54 F D) $54 U Actual results for November: Malander Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During November, the kennel budgeted for 3,400 tenant-days, but its actual level of activity was 3,390 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for November: Data used in budgeting: Actual results for November: -The activity variance for wages and salaries in November would be closest to: A) $454 F B) $454 U C) $54 F D) $54 U -The activity variance for wages and salaries in November would be closest to:


A) $454 F
B) $454 U
C) $54 F
D) $54 U

E) A) and B)
F) All of the above

Correct Answer

verifed

verified

Virgen Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During May, the kennel budgeted for 3,700 tenant-days, but its actual level of activity was 3,690 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Virgen Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During May, the kennel budgeted for 3,700 tenant-days, but its actual level of activity was 3,690 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Actual results for May: -The wages and salaries in the planning budget for May would be closest to: A) $25,070 B) $25,009 C) $23,919 D) $23,984 Actual results for May: Virgen Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During May, the kennel budgeted for 3,700 tenant-days, but its actual level of activity was 3,690 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Actual results for May: -The wages and salaries in the planning budget for May would be closest to: A) $25,070 B) $25,009 C) $23,919 D) $23,984 -The wages and salaries in the planning budget for May would be closest to:


A) $25,070
B) $25,009
C) $23,919
D) $23,984

E) All of the above
F) A) and B)

Correct Answer

verifed

verified

During June,Montera Clinic budgeted for 3,800 patient-visits,but its actual level of activity was 3,400 patient-visits.Revenue should be $25.20 per patient-visit.Personnel expenses should be $22,600 per month plus $7.00 per patient-visit.Medical supplies should be $800 per month plus $4.80 per patient-visit.Occupancy expenses should be $6,900 per month plus $0.90 per patient-visit.Administrative expenses should be $4,800 per month plus $0.40 per patient-visit. Required: Prepare the clinic's flexible budget for June based on the actual level of activity for the month.

Correct Answer

verifed

verified

Chaloux Clinic bases its budgets on the activity measure patient-visits.During July,the clinic planned for 3,100 patient-visits.The clinic has provided the following data concerning the formulas it uses in its budgeting: Chaloux Clinic bases its budgets on the activity measure patient-visits.During July,the clinic planned for 3,100 patient-visits.The clinic has provided the following data concerning the formulas it uses in its budgeting: The clinic has also furnished its income statement for July: Required: Prepare a report showing the clinic's activity variances for July. The clinic has also furnished its income statement for July: Chaloux Clinic bases its budgets on the activity measure patient-visits.During July,the clinic planned for 3,100 patient-visits.The clinic has provided the following data concerning the formulas it uses in its budgeting: The clinic has also furnished its income statement for July: Required: Prepare a report showing the clinic's activity variances for July. Required: Prepare a report showing the clinic's activity variances for July.

Correct Answer

verifed

verified

Which of the following may appear on a flexible budget performance report?


A) An unfavorable activity variance.
B) A favorable revenue variance.
C) An unfavorable spending variance.
D) All of the above may appear on a flexible budget performance report.

E) None of the above
F) A) and D)

Correct Answer

verifed

verified

Dreckman Corporation is a service company that measures its output by the number of customers served.The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for August. Dreckman Corporation is a service company that measures its output by the number of customers served.The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for August. When the company prepared its planning budget at the beginning of August,it assumed that 36 customers would have been served.However,31 customers were actually served during August. The Other expenses in the flexible budget for August would have been closest to: A) $33,500 B) $38,903 C) $28,847 D) $33,100 When the company prepared its planning budget at the beginning of August,it assumed that 36 customers would have been served.However,31 customers were actually served during August. The "Other expenses" in the flexible budget for August would have been closest to:


A) $33,500
B) $38,903
C) $28,847
D) $33,100

E) A) and C)
F) None of the above

Correct Answer

verifed

verified

Grohs Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 2,500 tenant-days, but its actual level of activity was 2,530 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Grohs Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 2,500 tenant-days, but its actual level of activity was 2,530 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: -The administrative expenses in the planning budget for December would be closest to: A) $6,893 B) $6,700 C) $6,976 D) $6,706 -The administrative expenses in the planning budget for December would be closest to:


A) $6,893
B) $6,700
C) $6,976
D) $6,706

E) A) and D)
F) None of the above

Correct Answer

verifed

verified

Duprey Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,150 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: Duprey Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,150 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: Actual results for January: -The net operating income in the planning budget for January would be closest to: A) $15,231 B) $10,885 C) $14,547 D) $12,280 Actual results for January: Duprey Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,150 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: Actual results for January: -The net operating income in the planning budget for January would be closest to: A) $15,231 B) $10,885 C) $14,547 D) $12,280 -The net operating income in the planning budget for January would be closest to:


A) $15,231
B) $10,885
C) $14,547
D) $12,280

E) B) and C)
F) A) and D)

Correct Answer

verifed

verified

Pittman Framing's cost formula for its supplies cost is $1,150 per month plus $11 per frame.For the month of November,the company planned for activity of 789 frames,but the actual level of activity was 792 frames.The actual supplies cost for the month was $9,480.The spending variance for supplies cost in November would be closest to:


A) $349 F
B) $382 U
C) $382 F
D) $349 U

E) A) and B)
F) None of the above

Correct Answer

verifed

verified

Rivero Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished.The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Rivero Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished.The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. When the company prepared its planning budget at the beginning of September,it assumed that 22 containers would have been refurbished. Required: Prepare the company's planning budget for September. When the company prepared its planning budget at the beginning of September,it assumed that 22 containers would have been refurbished. Required: Prepare the company's planning budget for September.

Correct Answer

verifed

verified

Showing 301 - 320 of 417

Related Exams

Exam 1

Managerial Accounting and Cost Concepts

299 Questions

Exam 2

Job-Order Costing: Calculating Unit Production Costs

292 Questions

Exam 3

Job-Order Costing: Cost Flows and External Reporting

255 Questions

Exam 4

Process Costing

138 Questions

Exam 5

Cost-Volume-Profit Relationships

260 Questions

Exam 6

Variable Costing and Segment Reporting: Tools for Management

291 Questions

Exam 7

Super-Variable Costing

49 Questions

Exam 8

Master Budgeting

234 Questions

Exam 10

Standard Costs and Variances

247 Questions

Exam 11

Performance Measurement in Decentralized Organizations

180 Questions

Exam 12

Differential Analysis: The Key to Decision Making

203 Questions

Exam 13

Capital Budgeting Decisions

179 Questions

Exam 14

Statement of Cash Flows

132 Questions

Exam 15

Financial Statement Analysis

289 Questions

Exam 16

Cost of Quality

66 Questions

Exam 17

Activity-Based Absorption Costing

20 Questions

Exam 18

The Predetermined Overhead Rate and Capacity

42 Questions

Exam 19

Job-Order Costing: a Microsoft Excel-Based Approach

28 Questions

Exam 20

Fifo Method

100 Questions

Exam 21

Service Department Allocations

60 Questions

Exam 22

Analyzing Mixed Costs

81 Questions

Exam 23

Time-Driven Activity-Based Costing: a Microsoft Excel-Based Approach

123 Questions

Exam 24

Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System

177 Questions

Exam 25

Standard Cost Systems: a Financial Reporting Perspective Using Microsoft Excel

138 Questions

Exam 26

Transfer Pricing

102 Questions

Exam 27

Service Department Charges

44 Questions

Exam 28

Pricing Decisions

149 Questions

Exam 29

The Concept of Present Value

16 Questions

Exam 30

Income Taxes and the Present Value Method

150 Questions

Exam 31

the Direct Method of Determining the Net Cash Provided by Operating Activities

56 Questions

Show Answer