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 ($3.50) Expenses: Wages and salaries ($24,200 $1.324) Supplies ($0.724) Insurance ($6,100) Miscellaneous expense (55,100 $0.414) 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 22,320 118,300 $8,700 Variances $3,300 F 1,320 U 1,400 F e 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.)

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 ($3.50) Expenses: Wages and salaries ($24,200 $1.324) Supplies ($0.724) Insurance ($6,100) Miscellaneous expense (55,100 $0.414) 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 22,320 118,300 $8,700 Variances $3,300 F 1,320 U 1,400 F e 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.)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 1PB

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