Homework Answers
Answer
|
Flexible Budget |
Actual results |
Variances |
Fav / Unfav |
|
|
Sales revenue |
$560,000 |
$623000 |
$63000 |
Favourable |
|
Variable expenses |
$388,889 |
$426,000 |
$37,111 |
Unfavourable |
|
Contribution margin |
$171,111 |
$197,000 |
$25889 |
Favourable |
|
Fixed expenses |
$144,000 |
$134,000 |
$10,000 |
Favourable |
|
Income from Operations |
$27,111 |
$63,000 |
$35889 |
Favourable |
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Answer is complete but not entirely correct. Sales Variable expenses Contribution margin Fixed expenses Income from...
Bay City Company's fixed budget performance report for July follows. The $594,000 budgeted total expenses include...
Bay City Company's fixed budget performance report for July follows. The $594,000 budgeted total expenses include $450,000 variable expenses and $144,000 fixed expenses. Actual expenses include $134,000 fixed expenses. Actual Results Fixed Budget Variences Sales (in units) 8.100 7,000 Sales (in dollars) Total expenses $ 623,000 559,000 $ 64,000 $648,000 594,000 $ 54,000 $25,000 U 35,000 F Income from operations $10,000 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed...
2. Bay City Company’s fixed budget performance report for July follows. The $594,000 budgeted total expenses...
2. Bay City Company’s fixed budget performance report for July follows. The $594,000 budgeted total expenses include $450,000 variable expenses and $144,000 fixed expenses. Actual expenses include $134,000 fixed expenses. Fixed Budget Actual Results Variances Sales (in units) 8,100 7,000 Sales (in dollars) $ 648,000 $ 623,000 $ 25,000 U Total expenses 594,000 563,000 31,000 F Income from operations $ 54,000 $ 60,000 $ 6,000 U BAY CITY COMPANY Flexible Budget Performance Report For Month Ended July 31 Flexible budget...
Bay City Company's fixed budget performance report for July follows. The $594,000 budgeted total expenses include...
Bay City Company's fixed budget performance report for July follows. The $594,000 budgeted total expenses include $450,000 variable expenses and $144,000 fixed expenses. Actual expenses include $134,000 fixed expenses. Fixed Budget Variances 8,100 Sales (in units) Sales (in dollars) Total expenses Income from operations Actual Results 7,000 $ 623,000 561,000 $ 62,000 $648,000 594,000 $ 54,000 $ 25,000 U _33,000 F $ 8,000 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results....
Bay City Company's fixed budget performance report for July follows. The $513,000 budgeted total expenses include...
Bay City Company's fixed budget performance report for July follows. The $513,000 budgeted total expenses include $350,000 variable expenses and $163.000 fixed expenses. Actual expenses include $153,000 fixed expenses. Actual Fixed Budget Variances Results 5,980 $ 519,200 482,000 Sales (in units) Sales (in dollars) Total expenses 7,e00 $560,000 513,000 $40,800 U 31,000F Income from operations $47.000 $ 37,200 $9,800U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses...
Bay City Company's fixed budget performance report for July follows. The $513,000 budgeted total expenses include...
Bay City Company's fixed budget performance report for July follows. The $513,000 budgeted total expenses include $350,000 variable expenses and $163,000 fixed expenses. Actual expenses include $153,000 fixed expenses. Fixed Budget Variances Sales (in units) Sales (in dollars) Total expenses Income from operations 7,000 $560,000 513,000 $ 47,000 Actual Results 5,900 $ 525, 100 476,000 $ 49,100 $34,900 U 37,000 F $ 2,100 u Prepare a flexible budget performance report that shows any variances between budgeted results and actual results....
Bay City Company's fixed budget performance report for July follows. The $440,000 budgeted total expenses include...
Bay City Company's fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses. Variances Fixed Budget Sales (in units) 6,000 Sales (in dollars) $480,000 Total expenses 440,000 Income from $ 40,000 operations Actual Results 4,900 $441,000 408,000 $ 33,000 $39,000 U 32,000 F $ 7,000U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and...
Bay City Company's fixed budget performance report for July follows. The $367,000 budgeted total expenses include...
Bay City Company's fixed budget performance report for July follows. The $367,000 budgeted total expenses include $280,000 variable expenses and $87,000 fixed expenses. Actual expenses include $77,000 fixed expenses. Variances Sales (in units) Sales (in dollars Total expenses Fixed Budget 5,000 $400,000 367,000 $ 33,000 Actual Results 3,900 $347,100 330,000 $ 17,100 $52,900U 37,000F $15,900 U Income from operations Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses...
Bay City Company’s fixed budget performance report for July follows. The $367,000 budgeted total expenses include $280,0...
Bay City Company’s fixed
budget performance report for July follows. The $367,000 budgeted
total expenses include $280,000 variable expenses and $87,000 fixed
expenses. Actual expenses include $77,000 fixed expenses. Fixed
Budget Actual Results Variances Sales (in units) 5,000 3,900 Sales
(in dollars) $ 400,000 $ 351,000 $ 49,000 U Total expenses 367,000
329,000 38,000 F Income from operations $ 33,000 $ 22,000 $ 11,000
U Prepare a flexible budget performance report that shows any
variances between budgeted results and actual...
Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted total expenses include...
Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted total expenses include $400,000 variable expenses and $187,000 fixed expenses. Actual expenses include $177,000 fixed expenses Actual Fixed Budget Variances Results Sales (in units) Sales (in dollars) Total expenses 8,000 6,900 $640,000 587,000 614,100 549,000 $ 65,100 $25,900 U 38,000 F Income from $12,100 U 53,000 operations Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable...
2 Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted total expenses...
2 Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted total expenses include $400,000 variable expenses and $187,000 fixed expenses. Actual expenses include $177,000 fixed expenses. 3 Fixed Budget Variances points Sales (in units) Sales (in dollars) Total expenses Income from operations 8,000 $ 640,000 587,000 $ 53,000 Actual Results 6,900 $607,200 548,000 $ 59,200 $32,800 U 39,000 F $ 6,200 U eBook dot Hint Prepare a flexible budget performance report that shows any variances between...
Bay City Company's fixed budget performance report for July follows. The $594,000 budgeted total expenses include $450,000 variable expenses and $144,000 fixed expenses. Actual expenses include $134,000 fixed expenses. Actual Results Fixed Budget Variences Sales (in units) 8.100 7,000 Sales (in dollars) Total expenses $ 623,000 559,000 $ 64,000 $648,000 594,000 $ 54,000 $25,000 U 35,000 F Income from operations $10,000 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed...
Bay City Company's fixed budget performance report for July follows. The $594,000 budgeted total expenses include $450,000 variable expenses and $144,000 fixed expenses. Actual expenses include $134,000 fixed expenses. Fixed Budget Variances 8,100 Sales (in units) Sales (in dollars) Total expenses Income from operations Actual Results 7,000 $ 623,000 561,000 $ 62,000 $648,000 594,000 $ 54,000 $ 25,000 U _33,000 F $ 8,000 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results....
Bay City Company's fixed budget performance report for July follows. The $513,000 budgeted total expenses include $350,000 variable expenses and $163.000 fixed expenses. Actual expenses include $153,000 fixed expenses. Actual Fixed Budget Variances Results 5,980 $ 519,200 482,000 Sales (in units) Sales (in dollars) Total expenses 7,e00 $560,000 513,000 $40,800 U 31,000F Income from operations $47.000 $ 37,200 $9,800U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses...
Bay City Company's fixed budget performance report for July follows. The $513,000 budgeted total expenses include $350,000 variable expenses and $163,000 fixed expenses. Actual expenses include $153,000 fixed expenses. Fixed Budget Variances Sales (in units) Sales (in dollars) Total expenses Income from operations 7,000 $560,000 513,000 $ 47,000 Actual Results 5,900 $ 525, 100 476,000 $ 49,100 $34,900 U 37,000 F $ 2,100 u Prepare a flexible budget performance report that shows any variances between budgeted results and actual results....
Bay City Company's fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses. Variances Fixed Budget Sales (in units) 6,000 Sales (in dollars) $480,000 Total expenses 440,000 Income from $ 40,000 operations Actual Results 4,900 $441,000 408,000 $ 33,000 $39,000 U 32,000 F $ 7,000U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and...
Bay City Company's fixed budget performance report for July follows. The $367,000 budgeted total expenses include $280,000 variable expenses and $87,000 fixed expenses. Actual expenses include $77,000 fixed expenses. Variances Sales (in units) Sales (in dollars Total expenses Fixed Budget 5,000 $400,000 367,000 $ 33,000 Actual Results 3,900 $347,100 330,000 $ 17,100 $52,900U 37,000F $15,900 U Income from operations Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses...
Bay City Company’s fixed
budget performance report for July follows. The $367,000 budgeted
total expenses include $280,000 variable expenses and $87,000 fixed
expenses. Actual expenses include $77,000 fixed expenses. Fixed
Budget Actual Results Variances Sales (in units) 5,000 3,900 Sales
(in dollars) $ 400,000 $ 351,000 $ 49,000 U Total expenses 367,000
329,000 38,000 F Income from operations $ 33,000 $ 22,000 $ 11,000
U Prepare a flexible budget performance report that shows any
variances between budgeted results and actual...
Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted total expenses include $400,000 variable expenses and $187,000 fixed expenses. Actual expenses include $177,000 fixed expenses Actual Fixed Budget Variances Results Sales (in units) Sales (in dollars) Total expenses 8,000 6,900 $640,000 587,000 614,100 549,000 $ 65,100 $25,900 U 38,000 F Income from $12,100 U 53,000 operations Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable...
2 Bay City Company's fixed budget performance report for July follows. The $587,000 budgeted total expenses include $400,000 variable expenses and $187,000 fixed expenses. Actual expenses include $177,000 fixed expenses. 3 Fixed Budget Variances points Sales (in units) Sales (in dollars) Total expenses Income from operations 8,000 $ 640,000 587,000 $ 53,000 Actual Results 6,900 $607,200 548,000 $ 59,200 $32,800 U 39,000 F $ 6,200 U eBook dot Hint Prepare a flexible budget performance report that shows any variances between...
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