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The Rock of Aegis presents a series of concerts throughout the year.  Budgeted fixed costs total $300,000 for the concert season; variable costs are expected to average $5 per patron.  The orchestra uses flexible budgeting.What is the Total costs at 9,500 patrons?

Activity-Based Flexible Budgeting Foy Company has a welding activity and wants to develop a flexible budget formula for the activity. The following resources are used by the activity: • Four welding units, with a lease cost of $11,000 per year per unit • Six welding employees each paid a salary of $51,000 per year (A total of 12,000 welding hours are supplied by the six workers.) • Welding supplies: $400 per job • Welding hours: 4 hours used per job During the year, the activity operated at 85 percent of capacity and incurred the following actual activity and resource costs. • Lease cost: $44,000 • Salaries: $321,300 • Parts and supplies: $1,014,900 1. Prepare a performance report for the welding activity. In the last column of Foy Company Activity-Based Performance Report, if variance amount is unfavorable select "U" , select "F", if it is Favorable and select "NA" if there is no variance.   Foy Company Activity-Based Performance Report Activity Actual Cost Budgeted Cost…

Activity-Based Flexible Budgeting Foy Company has a welding activity and wants to develop a flexible budget formula for the activity. The following resources are used by the activity: • Four welding units, with a lease cost of $15,000 per year per unit • Six welding employees each paid a salary of $58,000 per year (A total of 12,000 welding hours are supplied by the six workers.) • Welding supplies: $400 per job • Welding hours: 4 hours used per job During the year, the activity operated at 95 percent of capacity and incurred the following actual activity and resource costs. • Lease cost: $60,000 • Salaries: $365,400 • Parts and supplies: $1,134,200 Required: 1. Prepare a flexible budget formula for the welding activity using welding hours as the driver. Welding cost  =  $fill in the blank e95687f99006fa4_1  +  $fill in the blank e95687f99006fa4_2 X 2. Prepare a performance report for the welding activity. In the last column of Foy Company Activity-Based…

Performance and ROI help

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Howard Cooper, the president of Finch Computer Services, needs your help. He wonders about the potential effects on the firm's net income if he changes the service rate that the firm charges its customers. The following basic data pertain to fiscal Year 1: Standard rate and variable costs Service rate per hour Labor cost Overhead cost Selling, general, and administrative cost. Expected fixed costs Facility maintenance Selling, general, and administrative Required: a. Prepare the pro forma income statement that would appear in the master budget if the firm expects to provide 28,000 hours of services in Year 1. b. A marketing consultant suggests to Mr. Cooper that the service rate may affect the number of service hours that the firm can achieve. According to the consultant's analysis, if Finch charges customers $57 per hour, the firm can achieve 31,000 hours of services. Prepare a flexible budget using the consultant's assumption. c. The same consultant also suggests that if the firm…

The Document Creation Center (DCC) for Alegis Corp. provides photocopying and document services for three departments in the St. Paul office. The following budget has been prepared for the year. Available capacity Budgeted usage: Software Development Training Management Cost equation 13,000,000 pages 2,600,000 pages 4,875,000 pages 3,900,000 pages 55,000+ $0.03 per page If DCC uses a dual rate for allocating its costs based on usage, how much cost will be allocated to the Software Development Department?

The Document Creation Center (DCC) for Arlington Corp. provides photocopying and document services for three departments in the Minneapolis office. The following budget has been prepared for the year. Available capacity Budgeted usage: Software Development Training Management Cost equation 8,180,000 pages 1,508,000 pages 3,452,000 pages 2,580,000 pages $460,000+ $0.02 per page If DCC uses a dual-rate for allocating its costs, how much cost will be allocated to the Software Development Department, assuming the Software Development Department actually made 1,960,000 copies during the year?

Prepare a Flexible Budget Performance Report Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below: The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. Required: 1. Using Exhibit 9–8 as your guide, prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. 2. Which of the variances should be of concern to management? Explain. Exhibit 9–8 Performance Report Combining Activity Variances with Revenue and Spending Variances

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Finance

Chelsea Clinic projected the following budget information for 2020: Total FFS Visit Volume 90,000 visits Payer Mix: Blue Cross Highmark Reimbursement Rates: Blue Cross Highmark Variable Costs Resource Inputs: Labor Supplies Resource Input Prices: Labor Supplies Fixed Costs (overhead, plant, and equipment) 40% 60% $25 per visit $20 per visit 48,000 total hours 100,000 total units $25.00 per hour $1.50 per unit $500,000 a. Construct Chelsea Clinic’s operating budget for 2020. b. Discuss how each key budget assumption might result in a budget variance, and name the variance that would be used to examine results associated with each assumption.

Answer? ? Accounting question

MULTI COLORED PICTURE ATTACHED IS THE PART I NEED HELP WITH SECOND IS PART OF THE INFORMATION GIVEN WITH THE QUESTION   The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is planning for the next year by developing a master budget by quarters. Grady's balance sheet for Decembe 31​,2018​, follows:   a. Budgeted sales are 1,800 tires for the first quarter and expected to increase by 50 tires per quarter. Cash sales are expected to be 20% of total sales, with the remaining 80% of sales on account. b. Finished Goods Inventory on December 31, 2018 consists of 100 tires at $36 each. c. Desired ending Finished Goods Inventory is 50% of the next quarter's sales; first quarter sales for 2020 are expected be 2,000 tires. FIFO inventory costing method is used. d. Raw Materials Inventory on December 31, 2018, consists of 200 pounds of rubber compound used to manufacture the tires. e. Direct materials requirements are 2 pounds of a rubber compound…

Borys budgeted salary in Jan for recruiting hosts activities is 66,000 and the actual salary for 12-month summarized in Dec, after considering over-time wages, is 76,000. The budget is 70 hours per week for 50 workweeks a year. The actual hours are 80 hours per week for 50 workweeks a year. Which of the following is a suitable hourly rate to allocate costs to SmartGathering projects for pricing and profit-maximizing decisions? (choose the nearest one)

In your report to the CEO, you are to provide the following:A flexible budget based on the actual volume that was sold last year for both leather and vegan-polymer purses;

The Deli-Sub Shop owns and operates six stores in and around Minneapolis. You are given the following corporate budget data for next year:                           Revenues $11,000,000                 Fixed costs $3,000,000                 Variable costs $7,500,000                                   Variable costs change based on the number of subs sold.         Compute the budgeted operating income for each of the following deviations from the original budget data. (Consider each case independently.)Alternatives:1. Determine the budgeted operating income based on the original budget data.2. A 10% increase in contribution margin, holding revenues constant.3. A 10% decrease in contribution margin, holding revenues constant.4. A 5% increase in fixed costs.5. A 5% decrease in fixed costs.6. A 5% increase in units sold.7. A 5% decrease in units sold.8. A 10% increase in fixed costs and a 10% increase in units sold.9. A 5% increase in fixed costs and a 5% decrease in variable…

Prepare a operating budget based on the following information: Expected Sales Art Course 2 Semesters for the year 3 Courses offered each semester Maximum enrolment 32 students Expected capacity 94% Tuition $5,000 per student Customized Courses 15 Courses 15 Students per course Course Fee $110,000 per course Each course is 5 weeks In order to achieve these goals The Marketing department spend $350,000 on print, television and radio advertising as well as increase the sales commission rate from 4% to 6% of revenue. Direct Materials : Each student will receive a set of Student brushes. It is expected that they will cost approximately $750 each While we do not have any brushes right now I would also like to end the year with 10 extra sets of tools in inventory Direct Labour For our employees who are Direct Labour: associated with instruction. Instructors- 3 hours per day, 5 days per week for duration of course Qualified Artists 3 hours per day 5 days per week for duration of course I…

The Document Creation Center (DCC) for Arlington Corp. provides photocopying and document services for three departments in the Minneapolis office. The following budget has been prepared for the year.         Available capacity 8,100,000 pages Budgeted usage:     Software Development 1,700,000 pages Training 3,100,000 pages Management 2,500,000 pages Cost equation $285,000 + $0.02 per page   If DCC uses a dual-rate for allocating its costs based on usage, how much cost will be allocated to the Software Development Department?   Multiple Choice   $116,740.   $100,370.   $45,630.   $162,000.