Homework Answers
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Revenue in the company's flexible budget = 42 wells serviced * 4000 = 168,000 Option A is the answer |
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Prowse Corporation is an oil well service company that measures its output by the number of...
Prowse Corporation is an oil well service company that measures its output by the number of wells serviced.
Prowse Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well Serviced $4,000 $1,000 $ 600 Revenue Employee salaries and wages Servicing materials Other expenses $43,800 $38,200 A total of 42 wells were actually serviced during October The revenue in the company's flexible budget for October would have been closest to:
Cosden Corporation is an oil well service company that measures its output by the number of...
Cosden Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well Serviced Revenue $ 4,700 Employee salaries and wages $ 41,300 $ 1,000 Servicing materials $ 600 Other expenses $ 40,200 When the company prepared its planning budget at the beginning of May, it assumed that 29 wells...
Schriever Corporation is an oil well service company that measures its output by the number of...
Schriever Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed element per month Variable Element per Well Serviced Revenue $ 4,500 Employee salaries and wages $ 57,200 $ 1,100 Servicing materials $ 600 Other expenses $ 31,000 The planning budget for May was based on 36 wells serviced, but a total of 31 wells...
18) Barsness C serviced. purposes and th orporation is an oil well service company that measures...
18) Barsness C serviced. purposes and th orporation is an oil well service company that measures its output by the number of wells e actual results of operations for November. The company has provided th e following fixed and variable cost estimates that it uses for budgeting Actual Fixed Element Variable Element Total for Revenue Employee salaries and wages 56,800 Servicing materials Other expenses per Month per Well Serviced November S 4,400 190,100 S 1,100 S 103,400 $ 700 29,800...
Hoppy Corporation compares a monthly flexible budget based on actual operating results to a static planning...
Hoppy Corporation compares a monthly flexible budget based on actual operating results to a static planning budget prepared at the beginning of the month. When the actual level of activity is higher than expected, which of the following would typically be expected? Variable costs would show unfavorable variances O Varíable costs would show favorable variances O Fixed costs would show favorable varlances Fixed costs would show unfavorable variances. None of the above. Cosden Corporation is an oil well service company...
Rients Corporation is a service company that measures its output by the number of customers served....
Rients Corporation is a service company that measures its output
by the number of customers served. The company has provided the
following fixed and variable cost estimates that it uses for
budgeting purposes and the actual results of operations for
October.
A. 600 F
B. 600 U
C. 9400 F
D. 9400 U
Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates...
Korsak Corporation is a service company that measures its output by the number of customers served....
Korsak Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fised Element Variable Element per per Month Customer Served Revenue 5,500 Employee salaries and 43,700 $ 1,100 wages Travel expenses $ 500 Other expenses $ 43,200 The planning budget for October was based on serving 23 customers, but a total of 19 customers were actually served during...
Ruozzo Corporation is a service company that measures its output by the number of customers served....
Ruozzo Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for July. Fixed Element per Month Variable Element per Customer Served Actual Total for July Revenue $ 4,500 $ 100,000 Employee salaries and wages $ 43,100 $ 900 $ 63,300 Travel expenses $ 500 $ 11,500 Other expenses $ 36,900 $...
15. The LaGrange Corporation had the following budgeted sales for the first half of the current...
15. The LaGrange Corporation had the following budgeted sales for the first half of the current year S 70,000 S 50,000 $ 40,000 S 340,000 S 190,000 S 135,000 January February March S 120,000 S 160,000 S 140,000 S 35,000 $ 45,000 S 40,000 April May June The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on sales 60%...
Rients Corporation is a service company that measures its output by the number of customers served. The company has prov...
Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Fixed Element per Month Variable Element per Customer Served Actual Total for October Revenue $ 4,100 $ 182,900 Employee salaries and wages $ 42,300 $ 1,300 $ 98,800 Travel expenses $ 700 $ 30,500 Other expenses $ 31,500 $...
Prowse Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well Serviced $4,000 $1,000 $ 600 Revenue Employee salaries and wages Servicing materials Other expenses $43,800 $38,200 A total of 42 wells were actually serviced during October The revenue in the company's flexible budget for October would have been closest to:
18) Barsness C serviced. purposes and th orporation is an oil well service company that measures its output by the number of wells e actual results of operations for November. The company has provided th e following fixed and variable cost estimates that it uses for budgeting Actual Fixed Element Variable Element Total for Revenue Employee salaries and wages 56,800 Servicing materials Other expenses per Month per Well Serviced November S 4,400 190,100 S 1,100 S 103,400 $ 700 29,800...
Hoppy Corporation compares a monthly flexible budget based on actual operating results to a static planning budget prepared at the beginning of the month. When the actual level of activity is higher than expected, which of the following would typically be expected? Variable costs would show unfavorable variances O Varíable costs would show favorable variances O Fixed costs would show favorable varlances Fixed costs would show unfavorable variances. None of the above. Cosden Corporation is an oil well service company...
Rients Corporation is a service company that measures its output
by the number of customers served. The company has provided the
following fixed and variable cost estimates that it uses for
budgeting purposes and the actual results of operations for
October.
A. 600 F
B. 600 U
C. 9400 F
D. 9400 U
Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates...
Korsak Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fised Element Variable Element per per Month Customer Served Revenue 5,500 Employee salaries and 43,700 $ 1,100 wages Travel expenses $ 500 Other expenses $ 43,200 The planning budget for October was based on serving 23 customers, but a total of 19 customers were actually served during...
15. The LaGrange Corporation had the following budgeted sales for the first half of the current year S 70,000 S 50,000 $ 40,000 S 340,000 S 190,000 S 135,000 January February March S 120,000 S 160,000 S 140,000 S 35,000 $ 45,000 S 40,000 April May June The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on sales 60%...
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