Purchase Solution


Not what you're looking for?

Ask Custom Question

Please consider the following data for the Monarch Escrow Company:?

Master Budget Data:
Sales, 2,500 clients at $35 each.
Variable Costs, $25 per client.
Total Fixed Costs - $15,000.

Actual Results at Actual Prices:
Sales, 3,000 clients at $36 per clients.
Total Variable Costs - $80,000.
Total Fixed Costs - $15,750.

a) The Actual (Net) Income
b) The Flexible Budget Income for the Actual Sales Activity
c) The Total Master Budget Variances
d) The Total Flexible Budget Variances
e) The Total Sales Activity Variances.

Please make sure to identify the variances as Favorable or Unfavorable.

Purchase this Solution

Solution Summary

Calculates net income, flexible budget income for the actual sales activity, total master budget variances, total flexible budget variances, total sales activity variances.

Purchase this Solution

Free BrainMass Quizzes

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.