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题目
题目

22108 Accounting and Accountability - Spring 2025 3. PRACTICE Final Exam - 22108 - Autumn 2022

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Question 1A - Variance analysis (time recommendation: 16 minutes) You have been provided with the following information from BBB and have been asked to create a variance analysis - specifically a flexible budget, flexible budget variance and whether variances are favourable (mark with an F) or unfavourable (mark with a U). (Each box is worth 0.27586 marks) Budgeted burgers to be sold: 5600 burgers at $12 eachDirect material    $2.50 per burgerDirect labour    $1.50 per burgerVariable overhead    $0.25 per burgerFixed overhead    $6000Variable selling and admin  $1.25 per burger (packaging for burgers)Fixed selling and admin  $2000Actual burgers sold: 6200 burgers To enter each amount in the table, please enter just the number in whole dollars (no cents). No commas or dollar signs or spaces after the number. Negative variances should have a minus before the number. Enter only the number of dollars, do not enter the dollar,  "$" , symbol. Therefore if your answer is "$10,000", enter only "10000". If your answer is "-$1,000", enter "-1000". This is an auto-marked question and your answers must be just the number. Where you are asked for the variance - please enter only F or U in the response box. Variance analysis for BBB Static budget Flexible budget Actual  Flexible budget variance Favourable or unfavourable Total sales 67200 [Fill in the blank] 68200 [Fill in the blank] [Fill in the blank] Less COGS   Direct materials 14000 [Fill in the blank] 17050 [Fill in the blank] [Fill in the blank]   Direct labour 8400 [Fill in the blank] 9920 [Fill in the blank] [Fill in the blank]   Variable OH 1400 [Fill in the blank] 1426 [Fill in the blank] [Fill in the blank]   Fixed OH 6000 [Fill in the blank] 6500 [Fill in the blank] [Fill in the blank] GROSS PROFIT 37400 [Fill in the blank] 33304 [Fill in the blank] [Fill in the blank]   Variable S&A 7000 [Fill in the blank] 8060 [Fill in the blank] [Fill in the blank] Fixed S&A 2000 [Fill in the blank] 1800 [Fill in the blank] [Fill in the blank] NET PROFIT 28400 [Fill in the blank] 23444 [Fill in the blank] [Fill in the blank]   The business has also provided you with the following additional pieces of information: The price of beef mince has increased due to the poor weather and rising global prices for stock/cattle The government approved an increase in the award wage for employees working in fast food There has been increased competition in the food truck burger market over the last 3 months The food truck has been running smoothly with some efficiencies gained, but the business spent some money upgrading the hotplate in the truck

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This question presents a variance analysis task with multiple components (static budget, flexible budget, actual results, and flexible budget variances) and requires us to fill in numbers and F/U indicators. The provided data set includes budgeted quantities and prices, actual quantities sold, and a set of additional contextual notes. Notably, the input you supplied here does not include explicit answer options to evaluate as distinct multiple-choice choices; instead, it seems to demand filling in a table and marking each variance as F or U. I will walk through how to approach each part and how to reason about the numbers and the F/U outcomes step by step, using the given figures. First, establish the core budgets from the data: - Budgeted burgers to be sold: 5,600 at $12 each, so the static (original) budget sales = 5,600 × 12 = 67,200. - Direct materials: $2.50 per burger → static budget DM = 5,600 × 2.50 = 14,000. - Direct labour: $1.50 per burger → static budget DL = 5,600 × 1.50 = 8,400. - Variable overhead: $0.25 per burger → static budget VOH = 5,600 × 0.25 = 1,400. - Fixed overhead: $6,000 (unchanged in the flexible budget, but shown for comparison). - Variable selling & admin: $1.25 per burger → static budget S&A var = 5,600 × 1.25 = 7,000. - Fixed selling & admin: $2,000 (unchanged). Next, compute the flexible budget using actual activity (actual burgers sold = 6,200): - Flexible budget sales = 6,200 × 12 = 74,400. - Flexible DM = 6,200 × 2.50 = 15,500. - Flexible DL = 6,200 × 1.50 = 9,300. - Flexible VOH = 6,200 × 0.25 = 1,550. - Fixed overhead remains 6,000 (since fixed costs do not vary with a......Login to view full explanation

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Question at position 3 The following information is available:​ [table] | Budgeted | Flexed | Actual Output (units) | 600 | 650 | 650 Sales revenue (£) | 420,000 | | 468,000 Raw materials (£) | (24,000) | | (27,300) Labour (£) | (12,000) | | (14,300) Fixed overheads (£) | (126,000) | (126,000) | (110,700) Operating profit (£) | 258,000 | | 315,700 [/table] The variance for operating profit is:£25,700 favourable£64,000 favourable£6300 adverse£70,300 favourableClear my selection

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