Question

In: Accounting

The difference between actual revenues and expenses and the flexible budget is known as the: A....

The difference between actual revenues and expenses and the flexible budget is known as the:

A. flexible budget variance

B. master budget variance

C. static budget variance

D. volume variance

Identify which responsibility center would best describe the following:

The production line of American Apparel, where clothing is manufactured.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center

The subscription sales department of the New York Times.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center

The corporate division of Disney, Inc. responsible for revenues, costs, and managing its division's assets.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center

A Target store, which is part of the national store brand, and reports its own revenues and costs.

A. Revenue Center

B. Cost Center

C. Profit Center

D. Investment Center

Solutions

Expert Solution

ekkarill92 answered 1 month ago

Next > < Previous

Related Solutions

The budget is the difference between revenues and expenses. For the government, the revenues are relative...

The budget is the difference between revenues and expenses. For the government, the revenues are relative to the Gross Domestic Product (GDP) and expenses are defined as the government’s expenditure (G). Having that in mind, assume the following shock in the economy: Due to poor working conditions, workers are leaving the labor force and retire. a) Explain the consequences of the above shock on inflation and GDP by using the AS/AD model (draw the graph, label the axis, show the...

Explain and demonstrate the difference between a static and flexible budget

explain the difference between a statistic budget and a flexible budget. Explain what is meant by...

explain the difference between a statistic budget and a flexible budget. Explain what is meant by an activity variance and a spending variance

Flexible budgets vs static budgets What is the difference between an flexible budget and a static...

Flexible budgets vs static budgets What is the difference between an flexible budget and a static budget? What is a flexible budget? (6 senteces or more)

Describe the difference between the Excess of Revenues over Expenses and the Increase in Unrestricted Net...

Describe the difference between the Excess of Revenues over Expenses and the Increase in Unrestricted Net Assets.

explain the difference between a fixed and a flexible (also known as floating) exchange rate.

In addition to the static budget, the clinic also created a flexible and actual budget to...

In addition to the static budget, the clinic also created a flexible and actual budget to reflect the realized volume & actual volume respectively (see table below). Fill in the blanks on the table below & answer the following questions using the numbers from the table: a-Calculate & interpret the profit variance b-Calculate and interpret the revenue variance c-Calculate & interpret the cost variance d-Calculate & interpret the volume & price variances on the revenue side e-Calculate & interpret the...

In addition to the static budget , the clinic also created a flexible and actual budget...

In addition to the static budget , the clinic also created a flexible and actual budget to reflect the realized volume & actual volume, respectively. Fill in the blanks on the table below & answer the questions using the numbers in the table a)calculate & interpret the profit variance? (b) calculate & interpret the revenue variance (c) calculate & interpret the cost variance (d) calculate & interpret the volume & price variances on the revenue side (e)calculate & interpret the...

What s the difference between a planing budget and a flexible budget? When would you use...

What s the difference between a planing budget and a flexible budget? When would you use each of them?

Explain the difference between fixed expenses and variable expenses in a personal budget. Where can most...

Explain the difference between fixed expenses and variable expenses in a personal budget. Where can most people make positive changes in their budget?

Subjects

Question

The difference between actual revenues and expenses and the flexible budget is known as​ the: A....

Solutions

Expert Solution

Related Solutions

The difference between actual revenues and expenses and the flexible budget is known as the: A....