Skoff 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 March. - Fixed Element per Variable Element Actual Total
Month per Container Refurbished for March
Revenue $ 4,000 $ 130,000
Employee salaries $ 42,700 $ 1,000 $ 75,600
and wages
Refurbishing materials $ 600 $ 18,800
Other expenses $ 37,900 $ 38,400
When the company prepared its planning budget at the beginning of March, it assumed that 35 containers would have been refurbished. However, 32 containers were actually refurbished during March.
The activity variance for "Refurbishing materials" for March would have been closest to: Multiple Choice:
$1,800 F
$2,200 U
$1,800 U
$2,200 F
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Skoff Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
True or False The mismatch of unlimited wants and needs and limited economic resources is called the basic economic problem.
Answers (2)
The accumulation of several contiguous properties under one ownership, thus creating a large parcel of proportionate greater value, involves: depreciation plottage corner influence zoning value plottage
Answers (1)
Consider a simple process where work flows from Activity A to Activity B to Activity C to Activity D. Activity A takes 3 minutes and is performed by Aaron. Activity B takes 5 minutes and is performed by Aaron and Betty together.
Answers (1)
Paul carter is applying for a loan from a bank. the bank is concerned because paul is an airline pilot for united airlines. the bank thinks that paul may be laid off in the near future. which one of the 5 cs of credit is the bank concerned with?
Answers (1)
Layla is creating a presentation to highlight her company's latest product. she would like to add the company logo and contact information to each slide.
Answers (1)
New Questions in Business
Suppose that the equilibrium price of greeting cards declined at the same time the equilibrium quantity of greeting cards increased. Which one of the following would most likely be responsible? a.
Answers (1)
You plan to borrow $ 2 comma 000 from a bank. In exchange for $ 2 comma 000 today, you promise to pay $ 2 comma 100 in one year. What does the cash flow timeline look like from your perspective? What does it look like from the bank's perspective?
Answers (1)
Which of the following is indicative of a short-term restrictive financial policy? a) purchasing inventory only as needed b) granting credit to more customers c) increased investment in marketable securities d) maintaining a large accounts
Answers (2)
You are employed as an administrative staff member of a community healthcare office that just opened last month. you and your manager are working hard to advertise and expand the customer base.
Answers (1)
The following costs result from the production and sale of 4,450 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum sets sell for $295 each. The company has a 30% income tax rate.
Answers (1)