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Q: Manter Corporation manufactures and sells a single product. The company uses units as the measure of…
A: Spending Variance = Actual Cost - Flexible Cost Flexible cost means the standard cost for actual…
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: Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…
A: Revenue and spending variance :— It is the difference between actual results and a flexible budget.…
Q: Lenci Corporation manufactures and sells a single product. The company uses units as the measure of…
A: Budgeted Output = 5160 units Actual Output = 5110 units
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: The selling and administrative expenses in the planning budget for June would be closest to:
A: Given information for Selling and Administration Expense will be: Budgeted units for June = 6900…
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: Cicchetti Corporation Comparison of Actual Results to Planning Budget For the Month Ended December…
A: The flexible budget report is prepared to find the revenue and spending variances and activity…
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: Dinham Kennel uses tenant-days as its measure of activity, an animal housed in the kennel for one…
A: Spending Variance: The difference between the actual amount of a cost and the expected (or planned)…
Q: Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic…
A: Variances is the amount of difference between the actual values and the values estimated by the…
Q: Chimilio Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for…
A: A flexible budget is prepared on the basis of the budgeted rate and on the basis of different…
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: Please show how (step-by-step) you get the numbers for each account in the Flexible budget column.…
A: To measure the performance, company should need to compare the actual results with the flexible…
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: Flexible budget indicates the budget prepared by considering activities of actual result and rates…
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: Pease Contractors is a local home remodeling company. In analyzing financial performance, the…
A: Labor Price Variance = (Standard Rate - Actual Rate) x Actual HoursLabor Efficiency Variance =…
Q: Virgen Kennel uses tenant-days as its measure of activity, an animal housed in the kennel for one…
A: Wages and salaries is the an expense which is reported in the income statement to show the amount of…
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: Varmit-B-Gone is a pest control service that operates in a suburban neighborhood. The company…
A: Working Notes: 1. Revenue of September: = Subscribers for the month of august * (100% - % of fall) *…
Q: Tessmer Kennel uses tenant-days as its measure of activity, an animal housed in the kennel for one…
A: A flexible budget is a budget that includes all the flexibility and change in the output. In…
Q: Calculate the following details using the appropriate sheet as per the given instructions Budgeted…
A: Budgeted revenue is the revenue which the company expects to be earned during the period. It is…
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: Big Watches Co. manufactures and sells a single product. The company uses units as the measure of…
A: Manufacturing overhead refers to the indirect costs incurred in the manufacturing of products. It is…
Q: Piechocki Corporation manufactures and sells a single product. The company uses units as the measure…
A: Planning budget captures the budgeted estimates made in advance to predict for the coming month.
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: i.3
A: The objective of the question is to calculate the overall revenue and spending variance for…
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: ABC Corporation uses customers served as its measure of activity. During February, the company…
A: The variance is the difference between the standard and actual cost data. The revenue and spending…
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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- The Franklin Management Association held its annual public relations luncheon in April Year 2. Based on the previous year’s results, the organization allocated $24,818 of its operating budget to cover the cost of the luncheon. To ensure that costs would be appropriately controlled, Molly Hubbard, the treasurer, prepared the following budget for the Year 2 luncheon. The budget for the luncheon was based on the following expectations: The meal cost per person was expected to be $12.50. The cost driver for meals was attendance, which was expected to be 1,470 individuals. Postage was based on $0.58 per invitation and 3,350 invitations were expected to be mailed. The cost driver for postage was number of invitations mailed. The facility charge is $1,700 for a room that will accommodate up to 1,600 people; the charge for one to hold more than 1,600 people is $2,200. A fixed amount was designated for printing, decorations, the speaker’s gift, and publicity. FRANKLIN MANAGEMENT…Phoneix Company... Please refer to the two images below.Feemster Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 5,950 units, but its actual level of activity was 5,900 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October: Data used in budgeting: Fixed element per month Variable element per unit Revenue $ 0 $ 30.40 Direct labor $ 0 $ 6.10 Direct materials 0 9.10 Manufacturing overhead 37,500 1.80 Selling and administrative expenses 26,700 1.30 Total expenses $ 64,200 $ 18.30 Actual results for October: Revenue $ 178,595 Direct labor $ 34,010 Direct materials $ 52,300 Manufacturing overhead $ 48,275 Selling and administrative expenses $ 34,170 The activity variance for selling and administrative expenses in October would be closest to:
- 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 Customers served Revenue ($3.504) Expenses: Mages and salaries ($24,200 $1.324) Supplies ($0.729) Insurance ($6,100) Miscellaneous expense (55,100 50.410) Total expense Net operating income Actual Results 43,000 $150,300 80,960 28,840 6,100 20,920 136,820 $ 11,400 Planning Budget 42,000 $147,000 79,640 30,240 6,100 22,320 138,300 $1,700 Variances $3,300 F 1,320 U 1,400 F 0 None 1,400 F 1,480 F $4,780 F Required: Prepare the company's Comprehensive 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.)2-55:56 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 3,900 tenant-days, but its actual level of activity was 3,920 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: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Actual results for March: Revenue Wages and salaries. Food and supplies Facility expenses Administrative expenses Multiple Choice $685 F Fixed element per month $399 F $0 $ 2,800 1,800 8,300 6,800 $ 19,700 The spending variance for food and supplies in March would be closest to: $ 128,321 $ 28,580 $58,255 $ 20,980 $7,098 Variable element per tenant-day $34.80 $ 7.80 14.30 3.30 0.30 $25.70Piechocki 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 6,600 units, but its actual level of activity was 6,550 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 - $ 34.10 Direct labor $ 0 $ 6.10 Direct materials 0 13.70 Manufacturing overhead 36,000 1.60 Selling and administrative expenses 25,400 0.80 Total expenses $ 61,400 $ 22.20 Actual results for May: Revenue $ 224,900 Direct labor $ 39,870 Direct materials $ 91,500 Manufacturing overhead $ 43,000 Selling and administrative expenses $ 30,460 The revenue variance for May would be closest to:
- 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 6,200 units, but its actual level of activity was 6,150 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 $ 33.70 Direct labor $ 0 $ 5.70 Direct materials 0 13.30 Manufacturing overhead 32,000 1.20 Selling and administrative expenses 25,000 4.00 Total expenses $ 57,000 $ 24.20 Actual results for May: Revenue $ 208,220 Direct labor $ 34,550 Direct materials $ 82,900 Manufacturing overhead $ 41,000 Selling and administrative expenses $ 30,420 The revenue variance for May would be closest to:Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 4,100 client-visits, but its actual level of activity was 4,030 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Fixed element per month Variable element per client-visit Revenue - $ 44.70 Personnel expenses $ 35,900 $ 13.30 Medical supplies 1,600 5.30 Occupancy expenses 11,600 2.20 Administrative expenses 5,400 0.20 Total expenses $ 54,500 $ 21.00 Actual results for December: Revenue $ 178,885 Personnel expenses $ 88,515 Medical supplies $ 22,515 Occupancy expenses $ 19,960 Administrative expenses $ 6,290 The activity variance for administrative expenses in December would be closest to:None
- Shaak Corporation uses customers served as its measure of activity. The company bases its budgets on the following information: Revenue should be $6.30 per customer served. Wages and salaries should be $22,300 per month plus $0.90 per customer served. Supplies should be $0.80 per customer served. Insurance should be $5,950 per month. Miscellaneous expenses should be $4,400 per month plus $0.20 per customer served. The company reported the following actual results for October: Customers served Revenue. Wages and salaries Supplies Insurance Miscellaneous expense Required: 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. Customers served Revenue Expenses: Wages and salaries Supplies Insurance 22,750 $ 177,300 $ 40,725 $…Helen is working on her department's budgeted annual income statement. In the process, she needs to determine the budgeted amount for selling, general, and administrative (SG&A) expenses in order to complete her budget. Sales Variable SG&A cost 11500 units $0.20 per unit Advertising expense $6200 per year Depreciation on office equipment $8600 per year Other fixed SG&A costs $24800 On the basis of the given data, what are total budgeted selling, general, and administrative (SG&A) expenses of the department? ○ $35700 O $33300 O $17100 O $41900Dinham 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 4,500 tenant-days, but its actual level of activity was 4,560 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 $ 35.00 Wages and salaries $ 3,400 $ 8.40 Food and supplies 2,400 14.90 Facility expenses 8,900 3.90 Administrative expenses 7,400 0.30 Total expenses $ 22,100 $ 27.50 Actual results for March: Revenue $ 142,130 Wages and salaries $ 28,640 Food and supplies $ 71,025 Facility expenses $ 26,125 Administrative expenses $ 7,104 The spending variance for food and supplies in March would be closest to:
