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A: Variances is the amount of difference between the actual values and the values estimated by the…
Q: Uber Corporation manufactures and sells a single product. The company uses units as the measure of…
A: Given information, Budgeted units =6,800 units Actual units =6,750 units Standard direct labor…
Q: Kirnon Clinic uses client-visits as Its measure of activity. During July, the clinic budgeted for…
A: The activity variance is the difference between standard cost and actual cost.
Q: Neeb Corporation manufactures and sells a single product. The company uses units as the measure of…
A: Activity Variance means difference in actual results and standard costs for actual output.
Q: Calculate the budgeted cash disbursements during the month of February Total cash disbursements for…
A: The budget is prepared to estimate the requirements for the period. The cash payment schedule is…
Q: Bernes Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…
A: Variance arises when the actual costs differ from the standard costs. The results are favorable…
Q: Arrasmith Corporation uses customers served as its measure of activity. During February, the company…
A: A flexible budget is a budget that adjusts to the activity or volume levels of a company.
Q: A company bases its budgets on the activity measure customers served. During September, the company…
A: The activity variance is the difference between the flexible budget and planning budget. The…
Q: Pease Contractors is a local home remodeling company. In analyzing financial performance, the…
A: Variance analysis indicates the variance formulas that helps in comparing and determining the…
Q: Bickel Corporation uses customers served as its measure of activity. The following report compares…
A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…
Q: Felicetti Corporation bases its budgets on the activity measure customers served. During November,…
A: The variance is the difference between the actual and standard production data. The activity…
Q: Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…
A: Spending variance is the difference between the actual cost incurred and the budgeted cost.
Q: Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…
A: The variance is the difference between the actual and the budgeted data.
Q: revorrow Corporation manufactures and sells a single product. The company uses units as the measure…
A: Activity variance for net operating income = Budgeted net income at actual level of activity -…
Q: Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic…
A: Revenue and spending variance :— It is the difference between actual results and flexible budget.…
Q: Touro Dental Clinic uses patient-visits as its measure of activity. During January, the clinic…
A: The variance is the difference between the standard and actual results of the production. The…
Q: on Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 2,000…
A: The planning budget in this case is the expected client visits or the budgeted footfall and the…
Q: Arrasmith Corporation uses customers served as its measure of activity. During February, the company…
A: Revenue variance = Flexible budgeted revenue - Actual revenue Spending variance = Flexible…
Q: Kawamura Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…
A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…
Q: xed element per month Variable element per unit Revenue $ 0 $ 35.40 Direct labor $ 0
A: The forecast may also be done about the cash balance in hand the organization forecasts to keep and…
Q: Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…
A: Revenue and spending variance is the difference between actual results and flexible budget data.…
Q: 8 U
A: Net Operating income in Flexible budget = 2720 (30.80 - 19.9) - 20300…
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A: To calculate the activity variance for administrative expenses, we need to compare the budgeted…
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A: A flexible budget is a budget that includes all the flexibility and change in the output. In…
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A: Company do planning for the sales and expenses each period but the actual level may be some what…
Q: Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted…
A: Variance arises when the actual costs differ from the standard costs. The results are favorable…
Q: Bernes Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…
A: Variance arises when the actual costs differ from the standard costs. The results are favorable…
Q: During September, Clendennen Corporation budgeted for 38,000 customers, but actually served 36,000…
A: FLEXIBLE BUDGETA flexible budget is a budget that is prepared for different levels of activity or…
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A: Variance analysis is one of the useful tool for management accounting. Under this, budgets are…
Q: Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…
A: Total fixed cost in the flexible budget for 4,580 tenant days will be same as static budget for…
Q: Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted…
A: Spending Variance- A spending variance is the distinction among the actual sum of a specific expense…
Q: a. Prepare a flexible budget and compute the sales and variable cost volume variances based on a…
A: A flexible budget is a budget which can change upon the change in the quantity or activity changes.…
Q: Feemster Corporation manufactures and sells a single product. The company uses units as the measure…
A: Activity variance: Under the activity variance we subtract actual results from the flexible budget.…
Q: Bickel Corporation uses customers served as its measure of activity. The following report compares…
A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…
Q: Roberds Tech is a for-profit vocational school. The school bases its budgets on two measures of…
A: The flexible budget report is prepared to compare the actual and standard budget data. The revenue…
Q: Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…
A: Introduction: Spending variance is the difference between actual cost incurred and cost budgeted to…
Q: ber, the clinic budgeted for 4,100 client-visits, but its actual level of activity was 4,030…
A: Solution: activity variance for administrative expenses = administrative expenses as per planned…
Q: Shaak Corporation uses customers served as its measure of activity. The company bases its budgets on…
A: Variance AnalysisVariance analysis is an analysis of a difference between planned and actual…
Q: Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…
A: Spending Variiance: A spendiing variance is the difference between amount quantiity of a specific…
Q: Grohs Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day…
A: Budgeting is a process of estimating the future outcomes well in advance so that relative decision…
Q: Paulis Kennel uses tenant-days as its measure of activity: an animal housed in the kennel for one…
A: A spending variance is the difference between the actual amount of a particular expense and the…
Q: Hemphill Corporation uses customers served as its measure of activity. During June, the company…
A: Particulars Actual result $ Flexible budget $ Variance Revenue 85400 85500 100…
Q: Arrasmith Corporation uses customers served as its measure of activity. During February, the company…
A: The flexible budget performance report is prepared to compare the standard results with actual…
Q: Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for…
A: Activity variance refers to the difference between planned and actual performance in a project or…
Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 5,200 tenant-days, but its actual level of activity was 5,230 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March:
Data used in budgeting:
Fixed element per month | Variable element per tenant-day | |
---|---|---|
Revenue | 0 | $ 35.70 |
Wages and salaries | $ 2,400 | $ 9.10 |
Food and supplies | 1,600 | 15.60 |
Facility expenses | 8,000 | 4.60 |
Administrative expenses | 6,500 | 0.40 |
Total expenses | $ 18,500 | $ 29.70 |
Actual results for March:
Revenue | $ 171,323 |
---|---|
Wages and salaries | $ 28,710 |
Food and supplies | $ 82,980 |
Facility expenses | $ 32,258 |
Administrative expenses | $ 7,111 |
The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for March would be closest to:
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- Bobs Consult, uses flexible budgeting for cost review purposes. The company’s master/static budget for the entire year includes $324,000 for fixed supervisory salaries for 180,000 client service hours. Supervisor salaries are expected to be incurred uniformly throughout the year (i.e., per the budget, each month is expected to have identical Supervisor salary expense). During the month of September, 15,750 client service hours were provided and supervisory salaries incurred were $28,000. A performance report for September would reflect a flexible budget variance related to supervisor salaries of: Choose one below: $350 Favorable $1,000 Favorable $0 $350 Unfavorable $1,000 UnfavorableGordin Kennel uses tenant-days as its measure of activity, an animal housed in the kennel for one day is counted as one tenant-day. During May, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 3,020 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for May: Multiple Choice Revenue $ 86,322 Wages and salaries $ 17,984 Food and supplies $ 32,444 Facility expenses $ 19,554 Administrative expenses $ 6,162 The spending variance for food and supplies in May would be closest to: O $840 U O Fixed element per month $0 $ 2,000 $840 F 800 8,500 6,000 $ 17,300 Variable element per tenant-day $ 27.60 $ 5.20 10.20 3.70 0.10 $19.20Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During June, the company budgeted for 6,200 units, but its actual level of activity was 6,160 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for June: Data used in budgeting: Fixed element Variable element per month per unit Revenue $ 0 $ 0 $ 27.80 $ 3.10 Direct labor Direct materials 10.20 Manufacturing overhead 37,200 1.10 Selling and administrative expenses 22,800 0.30 Total expenses $ 60,000 $ 14.70 Actual results for June: Revenue $ 178,318 $ 18,606 $ 60,652 $ 43,896 $ 24,688 Direct labor Direct materials Manufacturing overhead Selling and administrative expenses The activity variance for net operating income in June would be closest to:
- Leist Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,170 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed element per month Variable element per client-visit Revenue $ 0 $ 50.80 Personnel expenses $ 26,600 $ 15.60 Medical supplies 1,400 9.40 Occupancy expenses 7,600 2.40 Administrative expenses 5,300 0.10 Total expenses $ 40,900 $ 27.50 The occupancy expenses in the flexible budget for September would be closest to: Multiple Choice A. $13,215 B. 12,808 C. $13,583 D. $12,880Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 36.100 customers, but actually served 27.900 customers. The company uses the following revenue and cost formules in its budgeting, where is the number of customers served: Revenue: $4.60q Wages and salaries: $34,300+ $1.43q Supplies: $0.83q Insurance: $11,500 Miscellaneous expenses: $7,500 + $0.41q The company reported the following actual results for February: $ 141,800 $ 69,100 $ 15,500 $ 11,500 $ 23,200 Revenue Wages and salaries Supplies Insurance Miscellaneous expense Required: Prepare the company's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U). Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. Customers served Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous…Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 4,000 client-visits, but its actual level of activity was 3,990 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for November. Data used in budgeting: Revenue Personnel expenses Medical supplies occupancy expenses Administrative expenses Total expenses Actual results for November: Revenue Personnel expenses Medical supplies occupancy expenses Administrative expenses Multiple Choice $832 F $832 U $760 U Fixed element Variable element per per month client-visit $36.80 The spending varlance for medical supplies in November would be closest to: $760 F $30,900 1,900 9,000 7,300 $49,100 $147,032 $ 77,944 $ 31,460 $ 21,673 $ 7,859 $11.80 7.20 3.30 0.20 $22.50
- Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,500 customers, but actually served 31,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.00q Wages and salaries: $33,700 + $1.25q Supplies: $0.65q Insurance: $10,900 Miscellaneous expenses: $6,900 + $0.35q The company reported the following actual results for February: $129,800 $ 68,500 $ 14,900 $ 10,900 $ 20,200 Revenue Wages and salaries Supplies Insurance Miscellaneous expense Required: Prepare the company's flexible budget performance report for February. 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.)Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During June, the company budgeted for 5,900 units, but its actual level of activity was 5,860 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for June: Data used in budgeting: Fixed element per month Variable element per unit Revenue $ 0 $ 29.30 Direct labor $ 0 $ 3.90 Direct materials 0 10.00 Manufacturing overhead 39,000 1.20 Selling and administrative expenses 24,600 0.40 Total expenses $ 63,600 $ 15.50 Actual results for June: Revenue $ 176,358 Direct labor $ 22,310 Direct materials $ 56,330 Manufacturing overhead $ 45,917 Selling and administrative expenses $ 26,989 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget…Mayo Clinic uses patient-visits as its measure of activity. During September, the clinic budgeted for 3,000 patient-visits, but its actual level of activity was 2,900 patient-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for September: Data used in budgeting: Revenue Personnel expenses Medical supplies. Occupancy expenses. Administrative expenses.. Actual results for September: Revenue Personnel expenses. Medical supplies. Occupancy expenses. Administrative expenses..... Fixed element per month $27,600 $1,500 $6,200 $3,600 $105,010 $61,020 $22,120 $10,930 $4,570 Variable element per patient-visit $37.20 $11.30 $6.80 $1.70 $0.30 Compute the total Revenue variance (due to a difference in the actual amount collected per customer from expected). State answer as a positive.
- Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 4,000 client-visits, but its actual level of activity was 3,980 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Fixed element per month Variable element per client-visit Revenue - $ 36.00 Personnel expenses $ 28,000 $ 12.00 Medical supplies 2,000 6.00 Occupancy expenses 11,000 1.00 Administrative expenses 7,000 0.10 Total expenses $ 48,000 $ 19.10 Actual results for January: Revenue $ 124,750 Personnel expenses $ 70,500 Medical supplies $ 21,050 Occupancy expenses $ 14,000 Administrative expenses $ 7,850 The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance…Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 6,400 units, but its actual level of activity was 6,350 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Fixed element per month Variable element per unit Revenue $ 0 $ 33.90 Direct labor $ 0 $ 5.90 Direct materials 0 13.50 Manufacturing overhead 34,000 1.40 Selling and administrative expenses 25,200 0.60 Total expenses $ 59,200 $ 21.40 Actual results for May: Revenue $ 216,300 Direct labor $ 36,930 Direct materials $ 86,900 Manufacturing overhead $ 42,000 Selling and administrative expenses $ 30,440 The revenue variance for May would be closest to:Shaak Corporation uses customers served as its measure of activity. The company bases its budgets on the following information: Revenue should be $4.20 per customer served. Wages and salaries should be $21,800 per month plus $1.00 per customer served. Supplies should be $0.70 per customer served. Insurance should be $5,700 per month, Miscellaneous expenses should be $3,900 per month plus $0.30 per customer served. The company reported the following actual results for October: Customers served Revenue Wages and salaries Supplies Insurance Miscellaneous expense Required: 22,500 $ 137,300 $ 40,600 $ 16,300 $ 5,580 $ 7,480 Prepare a report showing the company's revenue and spending variances for October. Label each variance as favorable (F) or unfavorable (U). 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. Shaak Corporation Revenue and Spending Variances…