In 20X1, a company budgeted to produce 3,750 units.Variable costs were budgeted to be $67,500 and fixed costs were budgeted at $53,190. Actual production was 3,150 units at a total cost of $108,905. What is the total variance to the flexed budget?
A. $11,785 favourable
B. $985 favourable
C. $11,785 adverse
D. $985 adverse
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Which of the following would be the best way to display production rates over the last 10 years?
A. Bar chart
B. Line Graph
C. Pie Chart
D. Table
In which of the following situations would a written report be the best way of communicating?
A. When speed is essential
B. When communicating complex information
C. When the information can’t be sent electronically
D. When the information must remain confidential
Which of the following terms is used to describe products that are partly made?
A. Inventory
B. Materials
C. Work in Progress
D. Bought-in inventory
On 1 September there were 600 units of inventory in warehouse A, valued at $3.50 each.During September the following receipts and issues occurred.What is the total value of the units issued on 27 September using the LIFO method of valuation?
A. $1,875
B. $1,895
C. $1,880
D. $1,900