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Business
Accounting
F. A SUPER CLEAN 1 Operating Budget for the period Jan - Dec '18 Quarters 1 2 4 Year Sales budget Sales Commercial Sales residential O Total sales Direct material budget Variable costs commercial Variable costs residential Total variable costs Labour budget Commercial Residential Total labour Fixed Overhead: Receptionist Depreciation Gas Office Supplies Total

F. A SUPER CLEAN 1 Operating Budget for the period Jan - Dec '18 Quarters 1 2 4 Year Sales budget Sales Commercial Sales residential O Total sales Direct material budget Variable costs commercial Variable costs residential Total variable costs Labour budget Commercial Residential Total labour Fixed Overhead: Receptionist Depreciation Gas Office Supplies Total

FINANCIAL ACCOUNTING
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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Parameters - budget Quarters 4 Year Quarters 3 3 4 Year Sales ( hours): Actual total sales Actual sales - commercial Actual sales - residential Selling price ( $/hr): Actual selling price - commercial Actual selling price - residential 4,020 2,810 4,120 2,880 1,240 5,320 3,720 1,600 18,680 13,060 5,620 5,220 Sales (hours): Budgeted total sales in hours Budgeted commercial sales in hours Budgeted residential sales in hours Selling price ( $thr): Selling price per hour (commercial) - Selling price per hour (residential) 4,160 2,900 1,260 5,060 3,530 4,460 3,110 1,350 5,360 3,740 1,620 19,040 13,280 5,760 3,650 1,570 1,210 1,530 $40 $40 $40 $40 $40 $4 37 $ 37 $ 37 $ 37 $ 37 $50 $50 $50 $50 $50 48 24 48 $ 48 $ 48 $4 48 22 22 22 22 22 $ Direct labour expense ( $lhr): 22 $ 22 $ 22 2 Direct labour expense ( $thr): 13 14 Cleaning Supply usage ( litre / labour hour): Commercial 16 Residential Actual Cleaning Supply usage ( litre / labour hour): Commerçial Residential 0.22 0.22 0.22 0.22 0.25 0.15 15 0.25 0.25 0.25 0.1 0.11 0.1 0.11 0.15 0.15 0.15 17 $ 5.50 $ 5.50 Actual Cleaning Supply expense ( 1 5 18 Cleaning Supply expense ( $litre)}: $ 5.50 $ 5.50 19 Actual Fixed overhead: 20 Fixed overhead: 21 Receptiornist 22 Depreciation Gas 24 Office Supplies 6,325 24,020 36,900 7,275 29,965 1,215 5,770 5,915 Receptionist Depreciation Gas 6,010 9,225 7,300 6,363 25,450 36,900 6,363 9,225 7,650 1,075 6,363 9,225 7,650 1075 6,363 9,225 7,940 9,225 9,225 9,225 7,650 1,075 9,225 7,650 1,075 7,450 975 30,600 23 4,300 Office Supplies 990 950 4,130 25 20,361 Total no. of hours actually paid to e Breakdown: 26 27 4,055 1,744 14,235 6,126 3,139 1.352 4.491 98.798 3,063 1,319 3,979 1,711 5,690 Commercial 28 Residential 29 Actual hours worked Direct labour cost 4,382 5,799 20,361 30 96,400 1,25,176 1,27,574 ##### 31 32 Unproductive ( unbilled ) factor 9% 9% 9% 9% 9% 33 34 35 NE 5
Transcribed Image Text:Parameters - budget Quarters 4 Year Quarters 3 3 4 Year Sales ( hours): Actual total sales Actual sales - commercial Actual sales - residential Selling price ( $/hr): Actual selling price - commercial Actual selling price - residential 4,020 2,810 4,120 2,880 1,240 5,320 3,720 1,600 18,680 13,060 5,620 5,220 Sales (hours): Budgeted total sales in hours Budgeted commercial sales in hours Budgeted residential sales in hours Selling price ( $thr): Selling price per hour (commercial) - Selling price per hour (residential) 4,160 2,900 1,260 5,060 3,530 4,460 3,110 1,350 5,360 3,740 1,620 19,040 13,280 5,760 3,650 1,570 1,210 1,530 $40 $40 $40 $40 $40 $4 37 $ 37 $ 37 $ 37 $ 37 $50 $50 $50 $50 $50 48 24 48 $ 48 $ 48 $4 48 22 22 22 22 22 $ Direct labour expense ( $lhr): 22 $ 22 $ 22 2 Direct labour expense ( $thr): 13 14 Cleaning Supply usage ( litre / labour hour): Commercial 16 Residential Actual Cleaning Supply usage ( litre / labour hour): Commerçial Residential 0.22 0.22 0.22 0.22 0.25 0.15 15 0.25 0.25 0.25 0.1 0.11 0.1 0.11 0.15 0.15 0.15 17 $ 5.50 $ 5.50 Actual Cleaning Supply expense ( 1 5 18 Cleaning Supply expense ( $litre)}: $ 5.50 $ 5.50 19 Actual Fixed overhead: 20 Fixed overhead: 21 Receptiornist 22 Depreciation Gas 24 Office Supplies 6,325 24,020 36,900 7,275 29,965 1,215 5,770 5,915 Receptionist Depreciation Gas 6,010 9,225 7,300 6,363 25,450 36,900 6,363 9,225 7,650 1,075 6,363 9,225 7,650 1075 6,363 9,225 7,940 9,225 9,225 9,225 7,650 1,075 9,225 7,650 1,075 7,450 975 30,600 23 4,300 Office Supplies 990 950 4,130 25 20,361 Total no. of hours actually paid to e Breakdown: 26 27 4,055 1,744 14,235 6,126 3,139 1.352 4.491 98.798 3,063 1,319 3,979 1,711 5,690 Commercial 28 Residential 29 Actual hours worked Direct labour cost 4,382 5,799 20,361 30 96,400 1,25,176 1,27,574 ##### 31 32 Unproductive ( unbilled ) factor 9% 9% 9% 9% 9% 33 34 35 NE 5
D. A SUPER CLEAN 1 Operating Budget for the period Jan - Dec '18 3 4 Quarters 4 Year - Sales budget B Sales Commercial eSales residential O Total sales B Direct material budget Variable costs commercial Variable costs residential Total variable costs Labour budget Commercial Residential Total labour Fixed Overhead: Receptionist Depreciation Gas Office Supplies Total
Transcribed Image Text:D. A SUPER CLEAN 1 Operating Budget for the period Jan - Dec '18 3 4 Quarters 4 Year - Sales budget B Sales Commercial eSales residential O Total sales B Direct material budget Variable costs commercial Variable costs residential Total variable costs Labour budget Commercial Residential Total labour Fixed Overhead: Receptionist Depreciation Gas Office Supplies Total
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