3,560 tenant - days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Actual results for February: The revenue variance for February would be closest to: $ 785 US 11,881 U $ 1,063 U $ 1,063 F
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- Cicchetti 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 December: Cicchetti CorporationComparison of Actual Results to Planning BudgetFor the Month Ended December 31 Actual Results Planning Budget Variances Customers served 42,000 38,000 Revenue ($5.0q) $ 211,200 $ 190,000 $ 21,200 F Expenses: Wages and salaries ($37,900 + $1.8q) 117,400 106,300 11,100 U Supplies ($0.6q) 24,400 22,800 1,600 U Insurance ($14,900) 15,550 14,900 650 U Miscellaneous expense ($7,900 + $0.5q) 31,050 26,900 4,150 U Total expense 188,400 170,900 17,500 U Net operating income $ 22,800 $ 19,100 $ 3,700 F Required:Prepare the company's flexible budget performance report for December. Select each variance as favorable (F), unfavorable (U) or…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.)
- 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 6,600 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: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:The following budgeted data pertain to Zee Corporation for the month of Janua Quantity (Q) Static Budget 15,000 Tir Sales Revenue (13Q) $195,000 Variable Manufacturing Cost (4Q) 60,000 Fixed Manufacturing Cost 30,000 Variable Selling and Administrative Expenses (1Q) 15,000 Fixed Selling and Administrative Expenses 15,000 Zee Corporation incurred the following costs during the month: Actual Quantity (Q) 13,500 Sales Revenue $189,000 Variable Manufacturing Cost 56,000 Fixed Manufacturing Cost 30,000 Variable Selling and Administrative Expenses 13,500 Fixed Selling and Administrative Expenses 15,000 The activity variance for Variable Manufacturing cost for January is: O a. $4,000 F O b. $6,000 F O c. $4,000 U O d. $6,000 U
- Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Flexible Planning Results Budget Budget Flights (q) 52 ? ? Expenses: Wages and salaries ($4,000 + $88.00q) $ 8,510 ? $ 8,400 What is the spending variance for wages and salaries expense? $66 U $176 F $176 U $66 FBartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,280 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: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses. Total expenses Actual results for January: Fixed element Variable element per month. $0 $ 27,300 1,300 10,300 6,300 $ 45,200 $ 124,680 $ 72,030 $ 22,706 per client-visit $35.30 $ 11.30 5.30 1.00 0.40 $18.00 Revenue Personnel expenses Medical supplies Occupancy expenses $ 14,630 Administrative expenses $ 8,135 The activity variance for net operating income in January would be closest to:Roger Company’ sells one product, and has provided the following variable and fixed estimates for budgetingpurposes.Variable element per unit Fixed element per monthRevenue $25Operating costs $4.75 $3,150For the month of August, it planned on selling 200 units, but actual units sold were 180 units. Actual revenuefor the month was $4,410 and actual operating costs were $3,865. c. Find the activity variance for revenue and operating costs for August. What would these variancesindicate? d. Find the revenue and spending variance for revenue and operating costs for August. What would thesevariances indicate?
- (b) Spana Company has the following data: [Syarikat Spana mempunyai data berikut:) Table 4: Total Monthly Purchasing Budget [Jadual 4: Jumlah Belanjawan Pembelian Bulanan] Month January February March Budgeted Purchases 220,000 185,000 240,000 155,000 180,000 April May Purchases are paid as follows: [Pembelian dibayar seperti berikut:] • 10% in the month of purchase [10% dalam bulan di beli] • 60% one month after purchase [60% sebulan selepas beli] 30% two months after purchase [30% dua bulan selepas beli] Required: (Dikehendaki) (i) Develop a schedule of cash disbursements for purchases for March, April and May. [Bangunkan jadual pembayaran tunai untuk pembelian bagi Mac, April dan Mei.]NonePlease do not give solution in image format thanku
