Nashville Corporation has provided the following information for June 2018: Fixe
ID: 2394769 • Letter: N
Question
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 _______ .
You must enter your answers in the following formats:
For favorable variances: $x,xxx F
For unfavorable variances: $x,xxx U
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
Explanation / Answer
Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you. Actual Activity Variance F/U Fixed Variable Formula Budgeted Units Sold 10000 11000 Revenue 40 40*Units Sold 400000 440000 40000 F Wages 100000 5 100000+(5*Unit Sold) 150000 155000 5000 U Office Expense 20 20*Units Sold 200000 220000 20000 U Other Expense 40000 40000 40000 40000 0 Total Expense 390000 415000 25000 U Net Income 10000 25000 15000 F
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.