Actual sales revenue in dollars is 3.5% higher than budgeted, actual sales price is 10% lower than budgeted, actual sales volume in units is 15% higher than budgeted, actual input prices are 5% lower than budgeted, and actual input quantities per unit are 5% lower than budgeted. Characterize input price and input efficiency variances as favorable (F) or unfavorable (U):

Question

01-04-2021
Business

Answered

From beginner to expert, IDNLearn.com has answers for everyone. Ask anything and receive prompt, well-informed answers from our community of experienced experts.

Actual sales revenue in dollars is 3.5% higher than budgeted, actual sales price is 10% lower than budgeted, actual sales volume in units is 15% higher than budgeted, actual input prices are 5% lower than budgeted, and actual input quantities per unit are 5% lower than budgeted. Characterize input price and input efficiency variances as favorable (F) or unfavorable (U):

Sagot :

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Thank you for trusting IDNLearn.com. We’re dedicated to providing accurate answers, so visit us again for more solutions.

When The Elements In Group 1 Are Considered In Order From Top To Bottom, Each Successive Element At Standard Pressure Has (1) A Higher Melting Point And A Highe

Which Of The Following Is NOT True About China’s Sun Yat-sen? A. He Was Angered By The Presence Of The Treaty Ports And The Feebleness Of The Manchus. B.

Divide 7x^3 + 11x^2 + 7x + 5 By X^2+1 Using Long Division

Which Interrogative Pronoun Best Completes The Sentence? How Is The Pronoun Used? __________ Did You Convince To Sponsor You In The Charity Race? A. Whose; P

What Is 3x+23+100x For Math

At The Outset Of The Secessionist Movement In The South, Which State Defeated The Cooperationist Argument That The South Should Act As A Unit? A. Virginia B. Ke

Hannah Has 6 Orange Sweets And Some Yellow Sweets. Overall, She Has N Sweets. The Probability Of Her Taking 2 Orange Sweets Is 1/3. Prove That: N^2-n-90=0

Why Does Cassius Work So Hard To Bring Brutus Into The Conspiracy? (Points : 3) Brutus’s Friendship With Caesar Gives Him Access To The Ruler’s Home,

How Can I Tell If This Shows Direct Or Inverse Variation? X= Y + 2

Why Does Cassius Work So Hard To Bring Brutus Into The Conspiracy? (Points : 3) Brutus’s Friendship With Caesar Gives Him Access To The Ruler’s Home,

Anthougoidn Anthougoidn · Answer 1 · 2021-04-05T23:06:34-04:00

Answer:

Input price and input efficiency variances are:

Favorable.

Explanation:

The input price is the cost of production. When the actual cost of production (input price) is 5% lower than budgeted, it is a favorable outcome. Similarly, when the input efficiency (that is the quantity of input) is 5% lower than budgeted, it shows a favorable outcome. Therefore, the variances of these input elements (price and efficiency) are all together favorable.

Sagot :

Other Questions