题目

MCD1010 - T3 - 2024 Favourable or Unfavourable and amounts

多项填空题

Question textFor October determine the amount of the variances and whether favourable, unfavourable or no variance. For the amounts it is just the amount, not + or - [table] Details | October Budget | October Actual | October $ Variance | Favourable or Unfavourable Cash Receipts: | Cash Sales | $9,000 | $8,800 | Answer 1 Question 1 | Answer 2 Question 1 FavourableUnfavourableNo Variance Receipts from Accounts Receivable | $18,300 | $22,500 | Answer 3 Question 1 | Answer 4 Question 1 FavourableUnfavourableNo Variance Total Cash Receipts | $27,300 | $31,300 | Answer 5 Question 1 | Answer 6 Question 1 FavourableUnfavourableNo Variance Payments | Advertising | $500 | $600 | Answer 7 Question 1 | Answer 8 Question 1 FavourableUnfavourableNo Variance Electricity | $800 | $700 | Answer 9 Question 1 | Answer 10 Question 1 FavourableUnfavourableNo Variance Cost of Sales | $12,600 | $14,800 | Answer 11 Question 1 | Answer 12 Question 1 FavourableUnfavourableNo Variance Rent | $3,000 | $3,000 | Answer 13 Question 1 | Answer 14 Question 1 FavourableUnfavourableNo Variance Wages | $4,500 | $5,100 | Answer 15 Question 1 | Answer 16 Question 1 FavourableUnfavourableNo Variance Annual Insurance | $0 | $750 | Answer 17 Question 1 | Answer 18 Question 1 FavourableUnfavourableNo Variance Total Cash Payments | $21,400 | $24,950 | Answer 19 Question 1 | Answer 20 Question 1 FavourableUnfavourableNo Variance Net Cash change | $5,900 | $6,350 | Answer 21 Question 1 | Answer 22 Question 1 FavourableUnfavourableNo Variance [/table]

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思路分析

To determine October variances, we compare actual amounts to the October budget for each line item and report only the absolute amount of the difference (the sign is not shown in the numeric answer). Then we interpret whether each variance is favourable or unfavourable in context. Cash Receipts: - Cash Sales: Budget 9,000 vs Actual 8,800. Variance = |8,800 − 9,000| = 200. Since actual cash sales are less than budget......Login to view full explanation

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