Description Which of the following will not result in an unfavorable controllable margin difference? Sales under budget; costs over budget Sales under budget; costs under budget Sales exceeding budget; costs over budget Sales exceeding budget; costs under budget Which is the last step in developing the master budget? Preparing the cost of goods manufactured budget Preparing the budgeted balance sheet Preparing the budgeted income statement Preparing the cash budget Top management notices a variation from budget and an investigation of the difference reveals that the department manager could not be expected to have controlled the variation. Which of the following statements is applicable? Department managers’ performances should not be evaluated based on actual results to budgeted results. Department managers should only be held accountable for controllable variances for their departments. Department managers should be held accountable for all variances from budgets for their departments. Department managers should be credited for favorable variances even if they are beyond their control. In performing a vertical analysis, the base for sales revenues on the income statement is: sales revenue. net income. net sales. cost of goods available for sale. Differences between a job order cost system and a process cost system include all of the following except the: documents used to track costs. unit cost computations. flow of costs. point at which costs are totaled. Danner Corporation reported net sales of $650,000, $720,000, and $780,000 in the years 2016, 2017, and 2018, respectively. If 2016 is the base year, what percentage do 2018 sales represent of the base? 108% 20% 120% 83% La More Company had the following transactions during 2016: Sales of $9,000 on account Collected $4,000 for services to be performed in 2017 Paid $3,750 cash in salaries for 2016 Purchased airline tickets for $500 in December for a trip to take place in 2017
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