Description
acct 212 homework 7 Â chapter23
1.
award:
5 out of
5.00 points
Exercise 241 Preparation of flexible budgets L.O. P1
Mesa 
Sales 
$ 
2,637,500 

Cost 

Direct 
$ 
311,125 

Direct 
526,000 

Production 
332,625 

Plant 
111,125 
1,280,875 






Gross 
1,356,625 

Selling 

Sales 
94,000 

Packaging 
177,625 

Advertising 
100,000 
371,625 




Administrative 

Administrative 
161,125 

Depreciationâ€”office 
131,125 

Insurance 
101,125 

Office 
111,125 
504,500 






Income 
$ 
480,500 





Prepare 
2.
award:
3 out of
3.00 points
Exercise 243 Preparation of a flexible budget performance report L.O.
P1
Cimarron 
Fixed Budget 
Actual Results 
Variances 

Sales 
8,700 
11,100 






Sales 
$ 
870,000 
$ 
1,110,000 
$ 
240,000 
F 

Total 
653,000 
783,600 
130,600 
U 








Income 
$ 
217,000 
$ 
326,400 
$ 
109,400 
F 









Prepare 
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Difficulty: Medium 

Exercise 243 Preparation of a flexible budget performance report L.O. 
Learning Objective: 24P1 Prepare a flexible budget and interpret a 
3.
award:
3 out of
3.00 points
Exercise 244 Preparation of a flexible budget performance report L.O.
P1
Daytec 
Fixed Budget 
Actual Results 
Variances 

Sales 
8,100 
7,000 






Sales 
$ 
648,000 
$ 
623,000 
$ 
25,000 
U 

Total 
594,000 
563,000 
31,000 
F 








Income 
$ 
54,000 
$ 
60,000 
$ 
6,000 
F 









Prepare 
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Worksheet 
Difficulty: Medium 

Exercise 244 Preparation of a flexible budget performance report L.O. 
Learning Objective: 24P1 Prepare a flexible budget and interpret a 
4.
award:
2 out of
2.00 points
Exercise 245 Computation and interpretation of labor variances L.O. P2
After 
(1) 
Compute 
rev: 12_15_2012
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Worksheet 
Difficulty: Medium 

Exercise 245 Computation and interpretation of labor variances L.O. 
Learning Objective: 24P2 Compute materials and labor variances. 
Exercise 247A Computation and interpretation of overhead spending,
efficiency, and volume variances L.O. P3
[The following information applies to
the questions displayed below.]
Sonic 
Direct 
$ 
49.60 

Direct 
87.60 

Factory 
19.20 

Factory 
5.52 




Standard 
$ 
161.92 





The 
Operating Levels (% of capacity) 



70% 
75% 
80% 

Budgeted 
32,900 
35,250 
37,600 

Budgeted 
394,800 
423,000 
451,200 

Budgeted 

Variable 
$ 
631,680 
$ 
676,800 
$ 
721,920 

Fixed 
194,580 
194,580 
194,580 








Total 
$ 
826,260 
$ 
871,380 
$ 
916,500 









During 
Variable 
$ 
586,180 

Fixed 
203,708 




Total 
$ 
789,888 





Section Break 
Difficulty: Medium 

Exercise 247A Computation and interpretation of overhead spending, 
Learning Objective: 24P3 Compute overhead variances. 
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award:
2 out of
2.00 points
Exercise 247 Part 1
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Difficulty: Medium 

Exercise 247 Part 1 
Learning Objective: 24P3 Compute overhead variances. 
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2 out of
2.00 points
Exercise 247 Part 2
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Difficulty: Medium 

Exercise 247 Part 2 
Learning Objective: 24P3 Compute overhead variances. 
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1 out of
1.00 point
Exercise 247 Part 3
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Difficulty: Medium 

Exercise 247 Part 3 
Learning Objective: 24P3 Compute overhead variances. 
8.
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2 out of
2.00 points
Exercise 248 Computation and interpretation of materials variances L.O.
P2
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Difficulty: Medium 

Exercise 248 Computation and interpretation of materials variances 
Learning Objective: 24P2 Compute materials and labor variances. 
9.
award:
3 out of
3.00 points
Exercise 249A Materials variances recorded and closed L.O. P4
BTS 
(1) 
Show 
(2) 
Assume 
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Difficulty: Medium 

Exercise 249A Materials variances recorded and closed L.O. P4 
Learning Objective: 24P4 Appendix 24APrepare journal entries for 
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1.60 out of
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Exercise 2410 Computation of total overhead rate and total overhead
variance L.O. P3
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Difficulty: Medium 

Exercise 2410 Computation of total overhead rate and total overhead 
Learning Objective: 24P3 Compute overhead variances. 
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2 out of
2.00 points
Exercise 2411 Computation of volume and controllable overhead variances
L.O. P3
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Difficulty: Medium 

Exercise 2411 Computation of volume and controllable overhead 
Learning Objective: 24P3 Compute overhead variances. 
12.
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Exercise 2412 Computing and interpreting sales variances L.O. A1
Comp 
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Difficulty: Medium 

Exercise 2412 Computing and interpreting sales variances L.O. A1 
Learning Objective: 24A1 Analyze changes in sales from expected 
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