PROBLEM III At the beginning of the school year. Sheldon Allman decided to prepare a cash budget for the months of September, October, November and December. The following information relates to the budget. Cash balance, September 1 $4,100 200 Purchase football season tickets in September Additional entertainment for each month 150 3,000 450 250 300 600 Pay semester tuition on September 3 Pay rent at the beginning of each month Pay food for each month Pay apartment deposit on September 2 (to be returned December 15 Part-time job earnings each month

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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PROBLEM III
At the beginning of the school year. Sheldon Allman decided to prepare a cash budget for the months of
September, October, November and December. The following information relates to the budget.
$4,100
200
150
3,000
450
250
300
600
Cash balance, September 1.
Purchase football season tickets in September
Additional entertainment for each month
Pay semester tuition on September 3
Pay rent at the beginning of each month
Pay food for each month
Pay apartment deposit on September 2 (to be returned December 15
Part-time job earnings each month
Transcribed Image Text:PROBLEM III At the beginning of the school year. Sheldon Allman decided to prepare a cash budget for the months of September, October, November and December. The following information relates to the budget. $4,100 200 150 3,000 450 250 300 600 Cash balance, September 1. Purchase football season tickets in September Additional entertainment for each month Pay semester tuition on September 3 Pay rent at the beginning of each month Pay food for each month Pay apartment deposit on September 2 (to be returned December 15 Part-time job earnings each month
Instructions
Determine variable factory overhead controllable variance, the fixed factory overhead volume variance
and total factory overhead cost variance.
Transcribed Image Text:Instructions Determine variable factory overhead controllable variance, the fixed factory overhead volume variance and total factory overhead cost variance.
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