Homework Answers
FLEXIBLE BUDGET TAKES BUDGETED COST AND MULTIPLY WITH ACTUAL ACTIVITY
HOWEVER FIXED BUDGETD COST REMAINS CONSTANT
|
actual results A |
revenue spending variance A-B |
flexible budget B |
activity variance B-C |
planning budget C |
|
| meals served | 1700 | 1700 | 1800 | ||
| revenue | 27920 | 130U | 28050[1700*16.50] | 1650U | 29700[1800*16.50] |
| expenses | |||||
| cost of ingredients | 11110 | 485U | 10625[1700*6.25] | 625F | 11250[1800*6.25] |
| wages | 10130 | 270F | 10400 | 0 | 10400 |
| utilities | 1080 | 60F | 1140[800+0.20*1700] | 20F | 1160[800+0.20*1800] |
| rent | 2200 | 0 | 2200 | 0 | 2200 |
| miscellaneous | 2240 | 280U[2240-1960] | 1960[600+0.80*1700] | 80F | 2040[600+1800*0.80] |
| total expenses | 26760 | 435U | 26325 | 725F | 27050 |
| Net operating income |
1160$ [27920-26760] |
565U |
1725 [28050-26325] |
925U |
2650 [29700-27050] |
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Chapter 9: Applying Excel $16.50 9 $6.25 9 Data Revenue Cost of ingredients Wages and salaries...
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Chapter 9 Applying Excel (B) Saved Requirement 2: Revise the data in your worksheet to reflect...
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Revise the data in your worksheet to reflect the results for the subsequent period as shown below: Chapter 9:...
Revise the data in your worksheet to reflect the results for the subsequent period as shown below: Chapter 9: Applying Excel Data Revenue $16.50 q Cost of ingredients $6.25 q Wages and salaries $10,400 Utilities $800 + $0.20 q Rent $2,200 Miscellaneous $600 + $0.80 q Actual results: Revenue $29,445 Cost of ingredients $11,425 Wages and salaries $10,605 Utilities $1,190 Rent $2,200 Miscellaneous $2,045 Planning budget activity 1,700 meals served Actual activity 1,800 meals served a. What is the activity...
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revise the data in your worksheet to reflect the results for the
subsequent period as shown below:
a. What is the activity variance for revenue? (Indicate
the effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero
variance)).
b. What is the spending variance for the cost of ingredients?
(Indicate the effect of each variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero variance))....
Must be solved in terms of formulas. PLZ help The Excel worksheet form that appears below...
Must be solved in terms of formulas. PLZ help
The Excel worksheet form that appears below is to be used to recreate the Review Problem to Harrald's Fish House. Download the workbook containing this form from Connect, where you will also receive instructions about how to use this worksheet form. You should proceed to the requirements below only after completing your worksheet Required: 1. Check your worksheet by changing the revenue in cell 04 to $16.00: the cost of ingredients...
Revise the data in your worksheet to reflect the results for the subsequent period as shown...
Revise the data in your worksheet to reflect the results for the
subsequent period as shown below:
a. What is the activity variance for revenue? (Indicate the
effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero variance)).
b. What is the spending variance for the cost of ingredients?
(Indicate the effect of each variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero variance))....
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chaP 9 ALG 1
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Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
Flight Café prepares in-flight meals for airlines in its kitchen
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July appears below:
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correct answers only please! thank you Flight Café prepares in-flight meals for airlines in its kitchen...
correct
answers only please! thank you
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Café Planning Budget For the Month Ended July Budgeted meals (9) 22,000 $90,200 Revenue ($4.109) Expenses : Raw materials ($1.809) Wages and salaries ($6,300 + $0. Utilities ($2,100 + $0.059) Facility rent ($3,100) Insurance ($2,200) Miscellaneous ($700 + $0.109) Total expense Net operating income 39,600 10,700 3,200 3,100 2,200...
Chapter 9 Applying Excel (B) Saved Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: 10 B C D E points 1 Chapter 9: Applying Excel eBook 3 Print $ $ 16.50 6.25 References 4 5 6 7 8 9 Data Revenue Cost of ingredients Wages and salaries Utilities Rent Miscellaneous $ $ $ + $ 0.209 10,400 800 2,200 600 + $ 0.80 9 10 11 Actual results: 12...
revise the data in your worksheet to reflect the results for the
subsequent period as shown below:
a. What is the activity variance for revenue? (Indicate
the effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero
variance)).
b. What is the spending variance for the cost of ingredients?
(Indicate the effect of each variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero variance))....
Must be solved in terms of formulas. PLZ help
The Excel worksheet form that appears below is to be used to recreate the Review Problem to Harrald's Fish House. Download the workbook containing this form from Connect, where you will also receive instructions about how to use this worksheet form. You should proceed to the requirements below only after completing your worksheet Required: 1. Check your worksheet by changing the revenue in cell 04 to $16.00: the cost of ingredients...
Revise the data in your worksheet to reflect the results for the
subsequent period as shown below:
a. What is the activity variance for revenue? (Indicate the
effect of each variance by selecting "F" for favorable, "U" for
unfavorable, and "None" for no effect (i.e., zero variance)).
b. What is the spending variance for the cost of ingredients?
(Indicate the effect of each variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero variance))....
chaP 9 ALG 1
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 400 $ 188,000 Revenue ($470.009) Expenses: Wages and salaries ($11,500 + $122.009) Supplies ($6.009) Equipment rental ($2,100 + $25.000) Insurance ($4,000) Miscellaneous ($540 + $1.489) Total expense Net operating income 60,300 2,400...
Flight Café prepares in-flight meals for airlines in its kitchen
located next to a local airport. The company’s planning budget for
July appears below:
Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (9) 25,000 $95,000 Revenue ($3.809) Expenses : Raw materials ($1.809) Wages and salaries ($6,000 + $0.209) Utilities ($2,200 + $0.059) Facility rent ($3,500) Insurance ($2,200) Miscellaneous ($500 + $0.109) Total expense Net operating income 45,000 11,000 3,450 3,500 2,200 3,000 68,150 $26,850 In July,...
correct
answers only please! thank you
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