{"id":199943,"date":"2018-09-13T22:11:31","date_gmt":"2018-09-13T22:11:31","guid":{"rendered":"http:\/\/localhost\/wordpress\/index.php\/2018\/09\/13\/acc-543-week-3-assignment-budgeting-and-controlling-costs-new-syllabus\/"},"modified":"2018-10-24T09:10:04","modified_gmt":"2018-10-24T09:10:04","slug":"acc-543-week-3-assignment-budgeting-and-controlling-costs-new-syllabus","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/acc-543-week-3-assignment-budgeting-and-controlling-costs-new-syllabus\/","title":{"rendered":"ACC 543 Week 3 Assignment Budgeting and Controlling Costs (New Syllabus)"},"content":{"rendered":"<p>RTI Company&#8217;s master budget calls for production and sales of 18,000 units for $81,000; variable costs of $30,600; and fixed\u00a0 costs of $20,000. The company incurred $32,000 of variable costs to produce and sell 20,000 units for $85,000, and earned $25,000 operating income.\u00a0\t\u00a0\tMaster budget sales volume (units)  18,000\tBudgeted total sales revenue $81,000\tBudgeted total variable costs $30,600\tBudgeted fixed costs $20,000\tActual variable costs incurred $32,000\tActual production\/sales volume (units) 20,000\tActual total sales revenue $85,000\tActual operating income $25,000\t\u00a0\t\u00a0\t1. Determine RTI Company&#8217;s\t\u00a0 \u00a0 \u00a0a. Flexible budget operating income.\t\u00a0 \u00a0 \u00a0b. Contribution margin flexible-budget variance.\t\u00a0 \u00a0 \u00a0c. Operating income flexible-budget variance.\t\u00a0 \u00a0 \u00a0d. Sales volume variance, in terms of contribution margin.\t\u00a0 \u00a0 \u00a0e. Sales volume variance, in terms of operating income.\t2. Explain why the contribution margin sales volume variance and the operating income sales volume variance for the same\tperiod are likely to be identical.\u00a0\t3. Explain why the contribution margin flexible-budget variance is likely to differ from the operating income flexible-budget\u00a0\tvariance for the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RTI Company&#8217;s master budget calls for production and sales of 18,000 units for $81,000; variable costs of $30,600; and fixed\u00a0 costs of $20,000. The company incurred $32,000 of variable costs to produce and sell 20,000 units for $85,000, and earned <a href=\"https:\/\/www.benedictsol.com\/blogs\/acc-543-week-3-assignment-budgeting-and-controlling-costs-new-syllabus\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-199943","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/199943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=199943"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/199943\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=199943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=199943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=199943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}