Required: 1. Prepare a flexible budget performance report for the year that shows both spending variances and activity variances. 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. Number of productions Number of performances Actors' and directors' wages Stagehands' wages Ticket booth personnel and ushere! The Little Theatre Flexible Budget Performance Report For the Year Ended December 31 Actual Results $ 7 168 402,500 86,000 Flexible Budget Planning Budget 6 108 $239,760 56,160
Required: 1. Prepare a flexible budget performance report for the year that shows both spending variances and activity variances. 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. Number of productions Number of performances Actors' and directors' wages Stagehands' wages Ticket booth personnel and ushere! The Little Theatre Flexible Budget Performance Report For the Year Ended December 31 Actual Results $ 7 168 402,500 86,000 Flexible Budget Planning Budget 6 108 $239,760 56,160
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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