1

# Hoppy Corporation compares a monthly flexible budget based on actual operating results to a static planning...

## Question

###### Hoppy Corporation compares a monthly flexible budget based on actual operating results to a static planning...

Hoppy Corporation compares a monthly flexible budget based on actual operating results to a static planning budget prepared at the beginning of the month. When the actual level of activity is higher than expected, which of the following would typically be expected? Variable costs would show unfavorable variances O Varíable costs would show favorable variances O Fixed costs would show favorable varlances Fixed costs would show unfavorable variances. None of the above.
Cosden 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. Variable Fixed Element per Element per Month Well Serviced t Revenue \$ 4.700 Employee salaries and wages \$ 41,300 \$ 1,00 Servicing materials 600 Other expenses 35,200 When the company prepared its planning budget at the beginning of May, it assumed that 29 wells would have been serviced. However, 31 wells were actually serviced during May. The total expenses in the flexible budget for May would have been closest to: O \$133,100 \$126,100 \$127.900 \$131.100
Comparing actual results to a budget based on the actual activity for the period is possible with the use of: a monthly budget a master budget a flexible budget. a rolling budget. O None of the above

#### Similar Solved Questions

##### How do you evaluate the definite integral #int dx# from #[12,20]#?
How do you evaluate the definite integral #int dx# from #[12,20]#?...
##### Question 1: question 2: PLEASE EXPLAIN ANSWER! A gas occupies 3.33 L at 2.23 bar. What...
question 1: question 2: PLEASE EXPLAIN ANSWER! A gas occupies 3.33 L at 2.23 bar. What is the volume at 2.50 bar if the temperature and number of moles remain constant? Consider the following balanced reaction: 2A920(s) — 4Ag(s) + O2(g) for which 25 mL of O2(g) is collected over water at 23&...
##### Discuss the effect of saturation in two the first homogenouly broadend and the second is inhomogeneously...
Discuss the effect of saturation in two the first homogenouly broadend and the second is inhomogeneously broadened from two points of views (i) gain variation a gainst frequency (ii) number of axil modes that can Oscillate in a laser cavity use figures to strengthen your answers ....
##### According to NANDA A.M.S is an 18-year-old female client with profound mental retardation. A.M.S mental age...
According to NANDA A.M.S is an 18-year-old female client with profound mental retardation. A.M.S mental age is less than 3 years old. She lives at Sea Side School and is admitted to the community hospital with bilateral pneumonia. One of A.M.S nursing diagnoses is Impaired Physical Mobility: inabili...
##### For the Expenditure Cycle REA diagram in Figure 2, there is just one supplier per inventory...
For the Expenditure Cycle REA diagram in Figure 2, there is just one supplier per inventory item. What are the business advantages & disadvantages of that? Special Topics in REA Modeling Calenueu nCA Diagram Supplier for Expenditure Cycle Request Inventory Red + Employee (Inventory Control) Empl...
##### Q-3 (20 points) The Impact of Leverage. Consider two companies whose balance sheets differ in only...
Q-3 (20 points) The Impact of Leverage. Consider two companies whose balance sheets differ in only one way, namely their leverage. Company A has a debt-equity ratio of 1.5 typical for manufac- turing companies while Company B has a debt-equity ratio of 9, as is common for financial services firms. S...
##### Home I Beginn der entering A 810 unite a June 14 ) \$29= \$ 17,690 \$28...
home I Beginn der entering A 810 unite a June 14 ) \$29= \$ 17,690 \$28 2 \$22,680 \$ 18, 640 \$34,840 1340 unite Do it fifo Method Given Date April 2 Beyinly misentery Glounice a 320 units \$24- \$26 = 834 3080 unit sales peine per unit & SI Sales unita 13,50 unite Oct 3 17,00 units Openating expenses ...
##### Suppose that a fast-food junkie derives utility from three goods-soft drinks (x), hamburgers (y), and ice...
Suppose that a fast-food junkie derives utility from three goods-soft drinks (x), hamburgers (y), and ice cream sundaes (z)-according to the Cobb- Douglas utility function: Suppose also that the prices for these goods are given by Px-1,py-4, and pz-8 and this consumer's income is given by 1-8 If...
##### True or False: a. Glucuronidation is the main type of Phase I metabolism. b. Glutathione conjugation...
True or False: a. Glucuronidation is the main type of Phase I metabolism. b. Glutathione conjugation is the most common type of Phase II metabolism. c. Drugs must undergo Phase II metabolism to leave the body. d. When a drug is metabolized, it will always become less potent. e. Drugs administered in...
##### Question 1. A continuous and aligned fibre-reinforced composite material is to be produced consisting of 40...
Question 1. A continuous and aligned fibre-reinforced composite material is to be produced consisting of 40 vol % glass fibres and 60 vol % of an epoxy matrix. The mechanical characteristics of these two materials are as follows: MaterialModulus of Elasticity rcture Strength (GPa) (MPa) 2500 Glass F...
##### How do you find the LCM for #y^3-y^2, y^4-y^2#?
How do you find the LCM for #y^3-y^2, y^4-y^2#?...
##### Please see the risk analysis below, which statement is correct? RiskID Impact (1-10) Probability (%) Exposure...
Please see the risk analysis below, which statement is correct? RiskID Impact (1-10) Probability (%) Exposure (1-10) Rank Web1 8 40 DB1 5 35 Res1 3 40 Res2 9 10 DB2 3 5 Web2 1 99 Bus6 4 20 Bus7 7 60 Group...
##### Please answer asap thank you dx / 3. Solve the initial value problem: live the initial...
please answer asap thank you dx / 3. Solve the initial value problem: live the initial value problem: os - ( 2 )x, x(0) = ( 3.). To dt...
##### QUESTION 26 A local retailer purchased inventory from an overseas supplier and believes the assumptions of...
QUESTION 26 A local retailer purchased inventory from an overseas supplier and believes the assumptions of the EOQ model are met reasonably well. Data from their accountant show annual demand (D) =19,951 units, ordering cost (S) - \$42 per order, and holding cost (11) - 54 per unit per year How many ...