Top managers of marshall industries predicted 2018 sales of 14,800 units of its product at a unit price of $9.50. actual sales for the year were 14,600 units at $12 each. variable costs were budgeted at 2.00 per unit and actual variable cost were $2.10 per unit. actual fixed cost of 48,000 exceeded budget it fixed cost by 4,000.

prepare a flexible budget performance report for the year. first, complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line.

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.