Reynolds construction materials company has a sales office that sells concrete culvert pipes to property developers. the sales office is a revenue center and prepares a monthly responsibility report. the following information is provided. revenue center responsibility report product type actual sales revenue flexible budget variance u/f flexible budget sales volume variance u/f static budget 40 inch $31 comma 600 $30 comma 500 $40 comma 000 36 inch long 40 comma 150 42 comma 000 33 comma 100 36 inch short 36 comma 100 33 comma 100 31 comma 100 32 inch 19 comma 000 20 comma 300 28 comma 450 what is the flexible budget variance for the 40minusinch pipe

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Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount