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int erences Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($360.00q) Expenses: Wages and salaries ($3,700+ $87.00q) Fuel ($33.00q) Airport fees ($890 +$34.009) Aircraft depreciation ($9.00q) Office expenses ($230 +$1.00q) Total expenses Net operating income Actual Results Flexible Budget 57 57 Planning Budget 55 $ 16,200 $ 20,520 $ 19,800 8,625 8,659 8,485 2,045 1,881 1,815 2,688 2,828 2,760 513 513 495 455 14,326 287 14,168 285 13,840 $ 1,874 $ 6,352 $ 5,960 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount. Required: 1. Prepare a flexible budget performance report for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Vulcan Flyovers Flights Revenue Expenses: Wages and salaries Actual Results 57 $ 16,200 8,625 Flexible…

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Graded HW i Fixed Budget For Year Ended December 31 $ Sales 3,171,000 Costs Direct materials 996,600 Direct labor 226,500 Sales staff commissions 60,400 Depreciation-Machinery 295,000 Supervisory salaries 203,000 Shipping 226,500 Sales staff salaries (fixed annual 250,000 amount) Administrative salaries 556,450 Depreciation-Office equipment 198,000 Income $ 158,550 Saved Required: 1&2. Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. 3. The company's business conditions are improving. One possible result is a sales volume of 18,100 units. Prepare a simple budgeted income statement if 18,100 units are sold. Complete this question by entering your answers in the tabs below. Req 1 Req 3 and 2 Prepare flexible budgets at sales volumes of 14,100 and 16,100 units. Sales Variable costs Direct materials Direct labor Sales staff commissions Shipping Total variable costs Contribution margin Fixed costs PHOENIX COMPANY Flexible Budgets For Year Ended December 31 Flexible…

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Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($355.00g) Expenses: Wages and salaries ($3,100 +$88.00g) Fuel ($33.00q) Airport fees ($880 +$34.00g) Aircraft depreciation ($10.00q) Office expenses ($240 + $1.00q) Total expenses Net operating income. Actual Results Flexible Budget Planning Budget 62 62 60 $ 16,000 $ 22,010 $ 21,300 8,520 8,556 8,380 2,210 2,046 1,980 2,878 2,988 2,920 620 620 600 470 302 300 14,698 14,512 14,180 $ 1,302 $ 7,498 $ 7,120 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount. Required: 1. Prepare a flexible budget performance report for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable,…

Raw materials  Wages and salaries Utilities  Facility rent Insurance  Miscellaneous Total expense  Net operating income

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Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($345.00q) Expenses: Wages and salaries ($3,600 + $91.00g) Fuel ($30.00q) Airport fees ($860 + $32.009) Aircraft depreciation ($11.00q) Office expenses ($230 + $1.00g) Total expenses Net operating income Flights Revenue Expenses: Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses Total expenses Net operating income Actual Results $ $ Actual Results 54 16,200 54 $ 16, 200 8,472 1,790 2,478 594 452 13,786 2,414 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount. Flexible Budget 8,472 1,790 2,478 594 452 13,786 13,600 $ 2,414 $ 5,030 Required: 1. Prepare a flexible budget performance report for…

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15 Flight Café prepares in-flight meals for airlines and its planning budget for July appears below: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (g) Revenue ($4.00g) Expenses: Raw materials ($2.10g) Wages and salaries ($6,300 + $0.20g) Utilities ($2,000+ $0.05g) Facility rent ($3,900) Insurance ($2,500) Miscellaneous ($600+ $0.10g) Total expenses Net operating income. For the Month Ended July 31 In July, 26,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Café Flexible Budget Budgeted meals (g) Revenue ($4.00g) Expenses: Rav materials ($2.10g) Wages and salaries ($6,300+ $0.20g) Utilities ($2,000+ $0.05g) 25,000 $ 100,000 Facility rent ($3,900) Insurance ($2,500) Miscellaneous ($600+ $0.10g) Total expenses Net operating income 52,500 11,300 3,250 3,900 2,500 3,100 76,550 $ 23,450 26,000 $ 104,000 54,600 11,500 3,300 3,900 2,500 3,200 79,000 $ 25,000

Actual pounds (9) Flexible Budget For the Month Ended August 31 Revenue ($4.189) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,500) Wages and salaries ($2,000 + $0.459) Shipping ($0.659) Utilities ($1,250) Other ($510 + $0.019) Total expenses Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 7,400 $ 30,340 2,228 3,500 5,330 4,810 1,250 584 17,694 $ 12,646 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income Required: 7,400 $ 26,700 2,390 3,360 5,740 4,540 1,060 1,204 18,294 $ 8,406 Calculate the company's revenue and spending variances for August. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values. Revenue Quilcene Oysteria Revenue and Spending Variances For the…

Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($355.00g) Expenses: Wages and salaries ($3,200+ $89.00q) Fuel ($32.000) Airport fees ($820 +$32.009) Office expenses ($250 + $1.00q) Aircraft depreciation ($10.009) Total expenses Net operating income Actual Results Flexible Budget Planning Budget. 56 56 54 $ 16,000 $ 19,880 $ 19,170 8,146 8,184 8,006 1,958 1,792 1,728 2,502 2,612 2,548 560 560 540 474 306 304 13,640 13,454 13,126 $ 2,360 $ 6,426 $ 6,044 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount. Required: 1. Prepare a flexible budget performance report for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable,…

Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($470.009) Expenses: Wages and salaries ($11,800 + $124.009) Supplies ($4.009) Equipment rental ($2,200 + $26.009) Insurance ($4,000) Miscellaneous ($540 + $1.469) Total expense Net operating income 300 $ 141,000 49,000 1,200 10,000 4,000 978 65,178 $ 75,822 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0

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 Variable Element per Well per Month Serviced Revenue $4,000 $1,000 Employee salaries and wages Servicing materials other expenses $43,800 $ 600 $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:

appears below: Lessons Revenue Expenses: Instructor wages TipTop Flight School Variance Report For the Month Ended July 31 Actual Results 185 Planning Budget 180 Aircraft depreciation Fuel Maintenance Ground facility expenses Administration Total expenses Net operating income Variances $ 42,360 $ 41,400 $ 960 F 10,960 10,800 160 U 7,400 7,200 200 U 3,620 3,060 560 U 2,690 2,530 160 U 2,130 2,170 40 F 3,720 3,840 120 F 30,520 29,600 920 U $ 11,840 $ 11,800 $ 48 F After several months of using these reports, the owner has become frustrated. For example, she is confident instructor wages were very tightly controlled in July, but the report shows an unfavorable variance. She developed the planning budget using the following formulas, where q is the number of lessons sold: Cost Formulas Revenue Instructor wages $238q $60q Aircraft depreciation $40q $17q $550 +$11g Ground facility expenses $1,450 + $4q $3,300+ $3q Fuel Maintenance Administration Required: 2. Complete the flexible budget…

appears below: Lessons Revenue Expenses: Instructor wages TipTop Flight School Variance Report For the Month Ended July 31 Actual Results Planning Budget 180 Aircraft depreciation Fuel Maintenance Ground facility expenses Administration Total expenses Net operating income Variances 185 $ 42,360 $ 41,400 $ 960 F 10,960 10,800 160 U 7,400 7,200 200 U 3,620 3,060 560 U 2,690 2,530 160 U 2,130 2,170 40 F 3,720 3,840 120 F 30,520 $ 11,840 29,600 $ 11,800 920 U $ 40 F After several months of using these reports, the owner has become frustrated. For example, she is confident instructor wages were very tightly controlled in July, but the report shows an unfavorable variance. She developed the planning budget using the following formulas, where q is the number of lessons sold: Cost Formulas Revenue Instructor wages $238q $60q Aircraft depreciation $40g $17q Fuel $550 +$11g Ground facility expenses $1,450 + $4q $3,300+ $3q Maintenance Administration Required: 2. Complete the flexible budget…

ABC Bus Lines runs a series of bus routes. A new route is being planned for next year. The Sales Manager says the range of passengers would be: 20,000 Conservative Estimate 40.000 Optimistic Estimate $26.00 Ticket Price The controller provides the following information: $6.00 Fuell $6.00 Driver $2.00 Selling $1.00 Admin $15.00 $100,000 Facility Overhead (Regardless of Number of Trips). $50,000 Selling & Administration (Regardless of Number of Trips) Instructions Assume the first-year results were: 22,450 Passengers. $538,800-Revenue $123,475-Fuel

A clinic uses client-visits as Its measure of activity Duning January, the clinic budgeted for 3,300 client-visits, but Its actual level of activity was 3,280 client-visits. results for January: Data used In budgeting: Fixed element Variable element per client-visit $35.30 per month Revenue Personnel expenses $427,300 $11.30 5.30 1,300 10,300 6,300 Medical supplies 1.00 Occupancy expenses Administrative expenses 0.40 $ 45,200 $ 18.00 Total expenses Actual results for January: $ 124,680 $ 72,030 $ 22,706 $ 14,630 $ 8,135 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses The activity varlance for net operating Income In January would be closest to: Multiple Choice O $346 F $4.711 F

Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management has identified two cost drivers-the number of cruises and the number of passengers-that it uses in its budgeting and performance reports. The company publishes a schedule of day cruises that it may supplement with special sailings if there is sufficient demand. Up to 80 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: Cost per Cruise $ 477.00 Cost per Passenger Fixed Cost per Month $ 6,000 $ 2,500 $ 5,300 $ 3,300 $ 3.00 Vessel operating costs Advertising Administrative costs $ 31.00 $ 1.50 Insurance For example, vessel operating costs should be $6,000 per month plus $477.00 per cruise plus $3.00 per passenger. The company's sales should average $31.00 per passenger. In July, the company provided 52 cruises for a total of 3,200 passengers. Required: Prepare the company's flexible budget for July. Alyeski Tours Flexible…

TB Problem Qu. 10-287 Cicchetti Corporation uses customers...   Cicchetti Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of December:  Cicchetti CorporationComparison of  Actual Results to Planning BudgetFor the Month Ended December 31   Actual Results Planning Budget  Variances     Customers served   37,000     31,000             Revenue ($4.8q) $ 178,550   $ 148,800   $ 29,750   F   Expenses:                       Wages and salaries ($37,400 + $1.6q)   100,000     87,000     13,000   U   Supplies ($0.9q)   32,750     27,900     4,850   U   Insurance ($14,400)   14,800     14,400     400   U   Miscellaneous expense ($7,400 + $0.4q)   24,100     19,800     4,300   U   Total expense   171,650     149,100     22,550   U   Net operating income $ 6,900   $ -300   $ 7,200   F     Required:Prepare the company's flexible budget performance report for…

Saved antcring overhead s budgeted to be $33,000 plus $6 per unit produced. What Is budgeted manufacturing overhead for AuguUst? 32 Sylerh tas brecast production for the next three months as follows: July 6,500 units, August 8,200 units, September 9,100 units. Monthly Mutole Choice S82.200 $I2.000 $9.200 SE7500