Peterson Foods (PF) manufactures pumpkin scones. For January 2020, it budgeted $20,000 to purchase 12,500 pounds of pumpkin. PF actually purchased 13,000 pounds at $1.72 per pound. Peterson Foods started this year with 2,000 pounds of pumpkin. At the end of January, there were 4,000 pounds of pumpkin left in raw materials inventory. PF budgeted to make 50,000 scones using 12500 pounds of pumpkin but actually made 48,000 scones. Required:
a. Compute the flexible-budget variance.
b. Compute the price and efficiency variances.
c. Comment on the results for requirements 1 and 2 and provide a possible explanation for them.

Forty-two percent of federal revenue comes from . income taxes paid by businesses and corporations make up about of federal revenue. taxes collected for social security and medicare make up of federal revenue.

Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600