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题目
题目

22108 Accounting and Accountability - Spring 2025 2. PRACTICE Final Exam - 22108 - Spring 2022

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Variance analysis (time recommendation - 16 minutes) Required: You have been provided with the following information from Hangry Donuts and have been asked to create a variance analysis - specifically a flexible budget variance analysis for the Iced Vovo donut and whether variances are favourable (mark with an F) or unfavourable (mark with a U). (each box is worth 0.4444 marks) Budgeted donuts to be sold: 2,200 donuts at $8.00 eachDirect material    $2.25 per donutDirect labour    $1.75 per donutVariable overhead    $0.40 per donutFixed overhead    $5,500.00Variable selling and admin.  $0.40 per donutFixed selling and admin  $112Actual burgers sold: 5,400 donut 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. For example, if your answer is -$15,500, enter "-15500" into the box. Remember to mark the variances as favourable (mark with an F) or unfavourable (mark with a U). This is an auto-marked question and your answers must be just the number or letter.   Flexible Budget Variance Analysis Static budget Flexible budget Actual  Flexible budget variance Favourable or unfavourable Total sales 17,600 [Fill in the blank] 59,400 [Fill in the blank] [Fill in the blank] Less COGS   Direct materials 6,050 [Fill in the blank] 13,500 [Fill in the blank] [Fill in the blank]   Direct labour 3,300 [Fill in the blank] 8,640 [Fill in the blank] [Fill in the blank]   Variable OH 220 [Fill in the blank] 2,700 [Fill in the blank] [Fill in the blank]   Fixed OH 1,000 [Fill in the blank] 5,200 [Fill in the blank] [Fill in the blank] GROSS PROFIT 7,030 [Fill in the blank] 29,360 [Fill in the blank] [Fill in the blank]   Variable S&A 528 [Fill in the blank] 5,940 [Fill in the blank] [Fill in the blank] Fixed S&A 112 [Fill in the blank] 1,800 [Fill in the blank] [Fill in the blank] NET PROFIT 6,390 [Fill in the blank] 21,620 [Fill in the blank] [Fill in the blank]   Additional information: The growth in sales compared to when the business was first starting means they are able to purchase some items in larger quantities for less. There are increasing inflationary pressures, so to retain staff, Hangry Donuts are having to pay slightly more per hour to staff. You may also wish to incorporate any information you may know about the increasing cost of living. There are economies of scale related to purchasing in bulk from the packaging supplier. The business has shifted to a new social media manager who charges slightly less.

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思路分析
We will approach the variance analysis step by step, restating what the problem is asking and outlining how to compute each figure before judging whether variances are favourable (F) or unfavourable (U). 1) Restate the task and data in your own words - You are asked to create a flexible budget variance analysis for the Iced Vovo donut. - You must determine, for each line item, the flexible budget amount, the actual amount, the flexible budget variance, and whether that variance is F or U. - All entries in the answer boxes must be numbers (in dollars, whole dollars, no cents). Negative variances should be shown with a minus sign. The letters F or U must be used to indicate favourability. - The provided data include a static (original) budget, a flexible budget (based on actual volume), and the actual results. You also have some narrative notes about cost changes that could affect the flexible budget and variances. 2) Identify the volumes and prices to use in each budget - Budgeted donuts to be sold: 2,200 donuts at $8.00 each. This yields a static sales value of 2,200 × 8.00 = 17,600. - Flexible budget quantity is based on actual donuts sold. The information states: Actual burgers sold: 5,400 donuts. Assuming this is the actual donut volume, the flexible budget should use 5,400 donuts. - Price per donut remains $8.00 unless otherwise stated; thus, Flexible Sales = 5,400 × 8.00 = 43,200. 3) Compute flexible budget line items (per donut costs scaled to actual volume) - Direct materials per donut: $2.25 → Flexible DM = 2.25 × 5,400 = 12,150. - Direct labour per donut: $1.75 → Flexible D......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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