c. All unco ntrollable cost but must show the contribution margin of d. All of t

Question

c. All unco ntrollable cost but must show the contribution margin of d. All of the above. e. None of the above. 12. An effective budgetary system is one that: d. Allows full I" participation by all those that would be affected bu it b. Allows c. Allo d. All of the above e. Only a and b above. ws lower level managers to participate in goal setting ws reasonable measure of slack to be built into the budget. 13. T,F. A variance is the difference between actual perform ance and the expected performance 14. T, F. Varia Using information contained Webb Company's budget, answer questions 15, 1 Webb Com nces lie at the point where the planning and control functions of management diverge 6, 17, 18, 19 and 20. pany has three variable costs for its jacket. The budgeted variable costs per jacket are as follows: Cost Category Variable Cost per Jacket Direct material cost $60 16 12 $88 Direct manufacturing labor costs Variable manufacturing overhead costs Total Variable Costs The relevant range for the cost driver is from O to 12,000 jackets. The budgeted and actual data for April 2018 are as follows: $276,000 Budgeted fixed costs for production between 0 and 12,000 jackets Budgeted Selling price per jacket is Budgeted production and sales Actual production and sales $120 12,000 jackets 10,000 jackets. 15. What is the Static Budget revenue for the year: a. $1,200,000 b. $1,440,000 c. $1,000,000 d. $1,276,000 e. None of the above. 6. What is the actual sales performance for the year. a. $1,900,000 b. $1,440,000

Explanation / Answer

Question 15: Correct Answer is Option B

Static Budget Revenue = 12,000 x $120

......................................= $1,440,000

Question 16: Correct Answer is Option C

Actual Sales Performance = $1,250,000

Question 17: Correct answer is Option C i.e. 2,000 units (12,000 - 10,000)

Question 18: Correct answer is Option A i.e. $98,400

For rest of the answer kindly provide actual data also

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