Bickel 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 November: Customers served Revenue ($3.40q) Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Expenses: Wages and salaries ($23,500+ $1.254) Supplies ($0.654) Insurance ($5,400) Miscellaneous expense ($4,400+ $0.344) Total expense Net operating income Actual Results 36,000 $122,300 68,500 20,450 5,400 14,000 108,350 $ 13,950 Planning Budget 35,000 $119,000 67,250 22,750 5,400 16,300 111,700 $ 7,300 Variances $3,300 F 1,250 U 2,300 P 0 None 2,300 F 3,350 F $6,650 F equired: repare the company's Comprehensive Performance Report for November. Label each variance as favorable (F) or unfavorable (U). dicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero prinnce). Input all amounts os positive values)

Bickel 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 November: Customers served Revenue ($3.40q) Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Expenses: Wages and salaries ($23,500+ $1.254) Supplies ($0.654) Insurance ($5,400) Miscellaneous expense ($4,400+ $0.344) Total expense Net operating income Actual Results 36,000 $122,300 68,500 20,450 5,400 14,000 108,350 $ 13,950 Planning Budget 35,000 $119,000 67,250 22,750 5,400 16,300 111,700 $ 7,300 Variances $3,300 F 1,250 U 2,300 P 0 None 2,300 F 3,350 F $6,650 F equired: repare the company's Comprehensive Performance Report for November. Label each variance as favorable (F) or unfavorable (U). dicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero prinnce). Input all amounts os positive values)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Current Attempt in Progress Lee Enterprises reports the following information: Net income Depreciation expense Increase in accounts payable Increase in accounts receivable $5180000 $3979520. $5180000. $6380480. $5706480. 704480 159000 337000 Lee should report cash provided by operating activities of