Homework Help is Here – Start Your Trial Now!
Business
Accounting
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: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget 24,200 $ 86,400 Customers served Revenue ($3.60q) Expenses: Wages and salaries ($22,400 + $1.20q) Supplies ($0.50q) Insurance ($ 5,800) Miscellaneous expense ($4,600 + $0.40q) Total expense Net operating income Required: Variances 25,250 $ 90,900 $ 4,500 U 49,000 52,700 13,200 12,625 5,700 5,800 12,000 14,700 3,700 F 575 U 100 F 2,700 F 79,900 85,825 5,925 F $ 6,500 $ 5,075 $ 1,425 F Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (U). (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.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 24,200 24,200 25,250 $ 86,400

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: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget 24,200 $ 86,400 Customers served Revenue ($3.60q) Expenses: Wages and salaries ($22,400 + $1.20q) Supplies ($0.50q) Insurance ($ 5,800) Miscellaneous expense ($4,600 + $0.40q) Total expense Net operating income Required: Variances 25,250 $ 90,900 $ 4,500 U 49,000 52,700 13,200 12,625 5,700 5,800 12,000 14,700 3,700 F 575 U 100 F 2,700 F 79,900 85,825 5,925 F $ 6,500 $ 5,075 $ 1,425 F Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (U). (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.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 24,200 24,200 25,250 $ 86,400

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 8PB: Mesa Aquatics, Inc. estimated direct labor hours as 1,900 in quarter 1, 2,000 in quarter 2.2,200 in...
See similar textbooks
icon
Related questions
Question

Ashvinbhai 

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: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget 24,200 $ 86,400 Customers served Revenue ($3.60q) Expenses: Wages and salaries ($22,400 + $1.20q) Supplies ($0.50q) Insurance ($ 5,800) Miscellaneous expense ($4,600 + $0.40q) Total expense Net operating income Required: Variances 25,250 $ 90,900 $ 4,500 U 49,000 52,700 13,200 12,625 5,700 5,800 12,000 14,700 3,700 F 575 U 100 F 2,700 F 79,900 85,825 5,925 F $ 6,500 $ 5,075 $ 1,425 F Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (U). (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.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 24,200 24,200 25,250 $ 86,400
Transcribed Image Text: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: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget 24,200 $ 86,400 Customers served Revenue ($3.60q) Expenses: Wages and salaries ($22,400 + $1.20q) Supplies ($0.50q) Insurance ($ 5,800) Miscellaneous expense ($4,600 + $0.40q) Total expense Net operating income Required: Variances 25,250 $ 90,900 $ 4,500 U 49,000 52,700 13,200 12,625 5,700 5,800 12,000 14,700 3,700 F 575 U 100 F 2,700 F 79,900 85,825 5,925 F $ 6,500 $ 5,075 $ 1,425 F Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (U). (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.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 24,200 24,200 25,250 $ 86,400
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS