Wyzard 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 and the actual results of operations for February. When the company prepared its planning budget at the beginning of February,it assumed that 37 containers would have been refurbished.However,32 containers were actually refurbished during February.
The revenue variance in the Revenue and Spending Variances column of a report comparing actual results to the flexible budget for February would have been closest to:
A) $1,800 F
B) $17,200 F
C) $1,800 U
D) $17,200 U
Correct Answer:
Verified
Q58: At Jacobson Company,indirect labor is a variable
Q59: Ekholm Corporation is a shipping container refurbishment
Q61: Wellmann Corporation is a service company that
Q61: Birkner Corporation's flexible budget performance report for
Q62: Wember Catering uses two measures of activity,
Q63: Palmerton Corporation is an oil well service
Q64: Tos Corporation's flexible budget cost formula for
Q66: Rudick Corporation is an oil well service
Q77: Petrus Framing's cost formula for its supplies
Q82: Dunbar Footwear Corporation's flexible budget cost formula
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents