Radon Inc. uses a standard cost accounting system and alloca…

Radon Inc. uses a standard cost accounting system and allocates manufacturing overhead costs based on machine hours. Here are data regarding the current year: What is the fixed manufacturing overhead volume variance? Enter a positive whole dollar amount and do not enter a dollar sign (e.g., enter 89, not $89.00).

Diamond Store is a wholesaler. The budget for the upcoming y…

Diamond Store is a wholesaler. The budget for the upcoming year indicates that the ending merchandise inventory balance will be $180,000 greater than the beginning inventory balance. If inventory purchases are budgeted at $2,150,000, which of the following statements is true regarding budgeted cost of goods sold?