Tyson's Hardware,a Retailing Company with Several Locations,anticipated That It Would

question 49

Essay

Tyson's Hardware,a retailing company with several locations,anticipated that it would have 96,000 sales units for 664 customer shipments.Average storage bin usage for various inventories was estimated to be 200 storage bins per day.The costs and cost drivers were determined to be as follows:

During the year the warehouse processed 90,000 units for 600 customer shipments.The workers used 225 storage bins on average each day to sort,store,and process goods for shipment.The actual costs for were:

Required:
a.Prepare a static-budget and show the static-budget variances for each cost item and the total static-budget variance.
b.Prepare a flexible-budget and show the flexible-budget variances for each cost item and the total flexible-budget variance.

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be observed or heard, a concept developed during early childhood.

Abstract Reasoning

The ability to analyze information, detect patterns and relationships, and solve problems on a complex, abstract level.

Basic Trust

A fundamental sense of confidence in the reliability and predictability of the world, often developed in early childhood.

Secure Attachment

A healthy form of attachment where individuals feel confident and are able to form secure, trusting relationships with others.