what is a budget report?
what is a budget report?
Homework Answers
A budget report is a comparison of the actual results of a business to a pre-established budget.
flexible budget report?? We were unable to transcribe this imageThe monthly budget amounts in the report were ba...
flexible budget report??
We were unable to transcribe this imageThe monthly budget amounts in the report were based on an expected production of 61,000 units per month or 732,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August because only 59,000 units were produced. variable costs of 3.11 per unit The formula is...
1 adapted) tic budget report for or the month of October e flexible budget report. swer...
1 adapted) tic budget report for or the month of October e flexible budget report. swer question. E24-9 As sales manager. Joe Batista was given the following static be selling expenses in the Clothing Department of Soria Company for the SORIA COMPANY O Clothing Department Budget Report For the Month Ended October 31, 2017 Difference Favorable Unfa Unfavorable U Budget 8,000 Actual 10,000 2,000 F $ 200 U 130 U $ 2,400 720 3,600 1,600 8,320 $ 2,600 850 4,100...
A complete flexible budget performance report: Multiple Choice would be the same as a planning budget...
A complete flexible budget performance report: Multiple Choice would be the same as a planning budget report. 0 must be prepared prior to the beginning of the period covered. must be prepared in accordance with GAAP. O would be based on actual activity for the period covered.
Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an...
Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. РHOENIX OСOMPANY Fixed Budget Report For Year Ended December 31, 2017 $3,300,000 Sales Cost of goods sold Direct materials $915,000 225,000 60,000 330,000 195,000 Direct labor Machinery repairs (variable cost) Depreciation-Plant equipment (straight-line) Utilities ($45,000 is variable) Plant management salaries Gross profit Selling expenses Packaging Shipping Sales salary (fixed annual amount) General and administrative expenses Advertising...
Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an...
Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,000,000 PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2017 Sales Cost of goods sold Direct materials Direct labor Machinery repairs (variable cost) Depreciation-Plant equipment (straight-line) Utilities ($30,880 is variable) Plant management salaries Gross profit Selling expenses Packaging Shipping Sales salary (fixed annual amount) General and administrative expenses Advertising expense Salaries Entertainment expense Income...
I need a help with the solution for the Master Budget Performance Report and Flexible Budget Performance Report in the tables given, based on the Budget assumptions given in the same attachment. I nee...
I need a help with the solution for the Master Budget
Performance Report and Flexible Budget Performance Report in the
tables given, based on the Budget assumptions given in the same
attachment.
I need help with the formulas for excel.
Thank You!
Kelsey's Frozen Confectionaries Master Budget Performance Report For the month ended June 30 20,000 cases 50.00 per case 4 Volume S Sales Revenue MASTER 6 Percent sold on credit 90% percent of sales ACTUAL BUDGET VARIANCE VAR.% Volume...
Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an...
Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,150,000 PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2017 Sales Cost of goods sold Direct materials $960,000 Direct labor 225,000 Machinery repairs (variable cost) 45,000 Depreciation-Plant equipment (straight-line) 300,000 Utilities ($45,000 is variable) 195,000 Plant management salaries 180,000 Gross profit Selling expenses Packaging 90,000 Shipping 90,000 Sales salary (fixed annual amount) 235,000 General...
bay Prepare a fexible budget performance report. (Hint: You will need to calculate the fiexible budget amounts fo...
bay Prepare a fexible budget performance report. (Hint: You will need to calculate the fiexible budget amounts for 4,000 units.) 1 2 As the company owner, which employees would you praise or criticize after you analyze this performance report? Requirement 1. Prepare a flexible budget performance report. (Hint: You will need to calculste the flexible budget amounts for 4,000 units) (Enter a 0 for any zero balances. For any s0 variances, leave the Favorable IFWnfaworable (u irout blank Enter all...
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance...
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $333,750 budgeted expenses include $293,700 variable expenses and $40,050 fixed expenses. Actual expenses include $46,350 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Actual Fixed Budget Results 8,900 11,300 $445,000 $ 565,000 333,750 395,500 $111,250 $ 169,500 $120,000 F 61,750 U $ 58,250 F es Prepare a flexible budget performance report showing any variances...
The monthly budget amounts in the report were based on an expected production of 63,000 units per...
We were unable to transcribe this imageThe monthly budget amounts in the report were based on an expected production of 63,000 units per month or 756,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August because only 61,000 units were produced (a) State the total monthly budgeted cost formula. (Round cost per unit...
flexible budget report??
We were unable to transcribe this imageThe monthly budget amounts in the report were based on an expected production of 61,000 units per month or 732,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August because only 59,000 units were produced. variable costs of 3.11 per unit The formula is...
1 adapted) tic budget report for or the month of October e flexible budget report. swer question. E24-9 As sales manager. Joe Batista was given the following static be selling expenses in the Clothing Department of Soria Company for the SORIA COMPANY O Clothing Department Budget Report For the Month Ended October 31, 2017 Difference Favorable Unfa Unfavorable U Budget 8,000 Actual 10,000 2,000 F $ 200 U 130 U $ 2,400 720 3,600 1,600 8,320 $ 2,600 850 4,100...
A complete flexible budget performance report: Multiple Choice would be the same as a planning budget report. 0 must be prepared prior to the beginning of the period covered. must be prepared in accordance with GAAP. O would be based on actual activity for the period covered.
Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. РHOENIX OСOMPANY Fixed Budget Report For Year Ended December 31, 2017 $3,300,000 Sales Cost of goods sold Direct materials $915,000 225,000 60,000 330,000 195,000 Direct labor Machinery repairs (variable cost) Depreciation-Plant equipment (straight-line) Utilities ($45,000 is variable) Plant management salaries Gross profit Selling expenses Packaging Shipping Sales salary (fixed annual amount) General and administrative expenses Advertising...
Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,000,000 PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2017 Sales Cost of goods sold Direct materials Direct labor Machinery repairs (variable cost) Depreciation-Plant equipment (straight-line) Utilities ($30,880 is variable) Plant management salaries Gross profit Selling expenses Packaging Shipping Sales salary (fixed annual amount) General and administrative expenses Advertising expense Salaries Entertainment expense Income...
I need a help with the solution for the Master Budget
Performance Report and Flexible Budget Performance Report in the
tables given, based on the Budget assumptions given in the same
attachment.
I need help with the formulas for excel.
Thank You!
Kelsey's Frozen Confectionaries Master Budget Performance Report For the month ended June 30 20,000 cases 50.00 per case 4 Volume S Sales Revenue MASTER 6 Percent sold on credit 90% percent of sales ACTUAL BUDGET VARIANCE VAR.% Volume...
Phoenix Company's 2017 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. $3,150,000 PHOENIX COMPANY Fixed Budget Report For Year Ended December 31, 2017 Sales Cost of goods sold Direct materials $960,000 Direct labor 225,000 Machinery repairs (variable cost) 45,000 Depreciation-Plant equipment (straight-line) 300,000 Utilities ($45,000 is variable) 195,000 Plant management salaries 180,000 Gross profit Selling expenses Packaging 90,000 Shipping 90,000 Sales salary (fixed annual amount) 235,000 General...
bay Prepare a fexible budget performance report. (Hint: You will need to calculate the fiexible budget amounts for 4,000 units.) 1 2 As the company owner, which employees would you praise or criticize after you analyze this performance report? Requirement 1. Prepare a flexible budget performance report. (Hint: You will need to calculste the flexible budget amounts for 4,000 units) (Enter a 0 for any zero balances. For any s0 variances, leave the Favorable IFWnfaworable (u irout blank Enter all...
Exercise 21-3 Preparing a flexible budget performance report LO P1 Solitaire Company's fixed budget performance report for June follows. The $333,750 budgeted expenses include $293,700 variable expenses and $40,050 fixed expenses. Actual expenses include $46,350 fixed expenses. Variances Sales (in units) Sales (in dollars) Total expenses Income from operations Actual Fixed Budget Results 8,900 11,300 $445,000 $ 565,000 333,750 395,500 $111,250 $ 169,500 $120,000 F 61,750 U $ 58,250 F es Prepare a flexible budget performance report showing any variances...
We were unable to transcribe this imageThe monthly budget amounts in the report were based on an expected production of 63,000 units per month or 756,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August because only 61,000 units were produced (a) State the total monthly budgeted cost formula. (Round cost per unit...
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