Identify the unfavourable variance.
A) budgeted payment for interest $1,000, actual interest $1,000
B) budgeted payment for rent $12,000, actual rent $11,500
C) budgeted receipts from debtors $60,000, actual receipts $65,000
D) budgeted payment for wages $42,000, actual wages $45,000
Correct Answer:
Verified
Q23: Use the information below to answer the
Q24: If budgeted profit is $11,000, favourable variances
Q25: A common feature of most cash budgets
Q26: Use the information below to answer the
Q27: The group which oversees the budgeting process
Q29: A budget is best defined as:
A) a
Q30: The original budget was set at 15,000
Q31: A policy to overcome a factory labour
Q32: A budget system that always provides plans
Q33: In which order do the following steps
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