840 A 1 Chapter 9: Applying Excel 2 3 Data 4 Revenue 5 Cost of ingredients 6 Wages and salaries 7 Utilities 8 Rent 9 Miscellaneous 10 11 Actual results: 12 Revenue 13 Cost of ingredients 14 Wages and salaries 15 Utilities 16 Rent 17 Miscellaneous 18 19 Planning budget activity 20 Actual activity 21 32 Expenses: 33 Cost of ingredients 34 Wages and salaries 35 Utilities 36 Rent 37 Miscellaneous 38 Total expenses 39 Net operating income 40 41 42 43 B 25 Construct a flexible budget performance report 26 27 28 29 30 Meals served 31 Revenue Chapter 9 Form + Ready Accessibility investigate $10,400 $800 $2,200 $600 $ $27,920 $11,110 $10,130 $1,080 $2,200 $2,240 22 Enter a formula into each of the cells marked with a ? below 23 Review Problem: Variance Analysis Using a Flexible Budget 24 Actual Results C 1,800 meals served 1,700 meals served 1,700 $16.50 + $11,110 $10,130 $1,080 $2,200 $2,240 $26,760 1,290 + Revenue and Spending Variances #VALUE! U ? F ? F ? F ? F ? F ? F ? U D $16.50 q $6.25 q $0.20 q $0.80 q E Flexible Budget ? ? ? ? ? ? ? ? ? F Activity Variances ? ? 2220 ? ? ? ? ? ? G H Planning Budget ? ? ? 222222 ? ?

840 A 1 Chapter 9: Applying Excel 2 3 Data 4 Revenue 5 Cost of ingredients 6 Wages and salaries 7 Utilities 8 Rent 9 Miscellaneous 10 11 Actual results: 12 Revenue 13 Cost of ingredients 14 Wages and salaries 15 Utilities 16 Rent 17 Miscellaneous 18 19 Planning budget activity 20 Actual activity 21 32 Expenses: 33 Cost of ingredients 34 Wages and salaries 35 Utilities 36 Rent 37 Miscellaneous 38 Total expenses 39 Net operating income 40 41 42 43 B 25 Construct a flexible budget performance report 26 27 28 29 30 Meals served 31 Revenue Chapter 9 Form + Ready Accessibility investigate $10,400 $800 $2,200 $600 $ $27,920 $11,110 $10,130 $1,080 $2,200 $2,240 22 Enter a formula into each of the cells marked with a ? below 23 Review Problem: Variance Analysis Using a Flexible Budget 24 Actual Results C 1,800 meals served 1,700 meals served 1,700 $16.50 + $11,110 $10,130 $1,080 $2,200 $2,240 $26,760 1,290 + Revenue and Spending Variances #VALUE! U ? F ? F ? F ? F ? F ? F ? U D $16.50 q $6.25 q $0.20 q $0.80 q E Flexible Budget ? ? ? ? ? ? ? ? ? F Activity Variances ? ? 2220 ? ? ? ? ? ? G H Planning Budget ? ? ? 222222 ? ?

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter8: Budgets And Bank Reconciliations

Section: Chapter Questions

Problem 3.6C

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10/8/2021 Chapter 5 - Homework-sehrish bashir %3D 4(Click the icon to view the budgeted information.) Read the requirements. (Click the icon to view other information.) Requirement 1. Calculate the cost per unit of cost driver for each indirect-cost pool. used: "equip." = equipment, "maint." = maintenance.) %3D %3D (2) Cost driver rate %3D Setup (1) (3) %3D Equip. and Maint. () (5) %3D Lease rent, etc. %3D Requirement 2. What is the budgeted cost of unused capacity? Select the formula you will use, then calculate the cost of unused capacity. Cost of unused capacity (9) (2) %3D Requirement 3. What is the budgeted total cost and the cost per unit of resources used to produce (a) basketballs and (b) volleyballs? (Enter the cost per unit to the nearest cent.) Basketballs Volleyballs Total Direct materials Direct manufacturing labor Setup Equipment and maintenance Lease rent, etc. Budgeted total costs Number of units Budgeted cost per unit Requirement 4. Why might excess capacity be…
g Enabled: Quiz 3- Chapters 7-9 Saved Help Save & Exit Submit 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 7,900 units, but its actual level of activity was 7,850 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 Variable element per per month $ 0 $ 0 unit 55 Revenue $ 35.40 $ 6.00 Direct labor Direct materials 12.50 Manufacturing overhead Selling and administrative expenses 1.70 36,000 26,700 $ 62,700 0.70 Total expenses $ 20.90 Actual results for May: $ 278,900 $ 47,230 $ 101,105 $ 49,500 $ 30,590 Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses The direct labor in the planning budget for May would be closest to: Multiple Choice 4 of 25 Next > < Prev
O https://ezto. Help Save & Exit Soved Unit 4 Assignment 8. In preparing a master budget, budgeted levels for production, manufacturing costs, and operating expenses normally are determined after preparing the sales forecast. True or False Ask True False 8 of 20 Mc Graw Hill
Flag question: Question 34 What is a flex budget? Group of answer choices -It gives the comparison of different expenses; -A table of answers and brief statistics regarding student answer choices. Answer Text Number of Respondents Percent of respondents selecting this answer Answer Distribution It gives the real time expense information, (Incorrect answer)It gives the real time expense information; -it itemizes different expense levels depending upon changes in the actual revenue; -It provides actual number.
Question 3 a) Why do successful companies tend to use the bottom-up approach to establish a master budget? b) Green Tea's data show the following information for the financial year, beginning July 2020: July Aug. Sept. Oct. Nov. Estimated sales (units) 25,000 25,000 27,000 27,500 28,000 Sales price per unit $31 $31 $31 $31 $31 Direct labour per unit $1.75 $1.75 $1.50 $1.50 $1.50 Labour rate per hour $21 $21 $24 $24 $24 New machinery will be added in September. This machine will reduce the labour required per unit and increase the labour rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month's requirements. Direct material requires 2.5 kg per unit at a cost of $5 per kg. The ending inventory required for direct materials is 20% of the next month's needs. In July, the beginning inventory is 3,750 units of finished goods and 13,125 kg of materials. Required: i) Prepare a production budget for the first quarter of the…
Q3: Fantastic Cement Manufacturing Company expects from you to calculate and present the master budget for the year 2020 from the following information? 1. Sales budget: Type 1 cement Br400, 000 Type 2 Cement Br600, 000 2. Production costs budget: Direct material cost 70% of sales Direct wages Br 50,000 3. Manufacturing overhead budget : Fixed manufacturing overhead Br 24,000 Variable manufacturing overhead Br 36,000 4. Total Operating expenses budget Br 30,000 Required: prepare a Master Budget for Fantastic Company for Year 2020 and show the expected net profit by considering the above data only
Q5 A budget is 'accepted' by managers when they______. Select one: a. relates it to their own personal objectives b. receive the budget in writing c. are consulted by top management d. agree to it verbally
ezto.mheducation.com/ext/map/index.html?_con3Dcon&external_browser%3D0&launchUrl%3Dhttps%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g hapter 18- Problems i Saved Help Save & Exit The following is the sales budget for Yellowhead Inc. for the first quarter of 2018: 1 January February $235,000 March Sales $215,000 $258,000 Credit sales are collected as follows: 55% in the month of the sale, 30% in the month after the sale, and 15% in the second month after the sale. Skipped The accounts receivable balance at the end of the previous quarter was $99,000 ($69,000 of which was uncollected December sales). a. Calculate the sales for November. (Omit $ sign in your response.) November sales 24 b. Calculate the sales for December. (Round the final answer to 2 decimal places. Omit $ sign in your response.) December sales c. Calculate the cash collections from sales for each month from January through March. (Do not round intermediate calculations. Round the final answers to 2…
PLEASE ANSWER ALL QUESTIONS 27 .Budgeting: A. Sets targets and objectives established by management B. Is intended to control expenses C. Defines how revenue will be earned D. Sets the organization's "rules of the road" for operating 28. Hospitals are currently paid less if a patient is discharged and readmitted within 30 days for a related diagnosis. This is an example of: A. Payment for service provided B. Payment for quality measurement C. Payment for coinsurance D. Payment for deductible 29. Which of the following is not an emerging payment model? A. Patient Centered Medical Home B. ACO C. Bundled Payment D. DRG 30. Which of the following is NOT an incentive to provide more services? A. Capitation B. Charge-based reimbursement C. Per diem D. Per procedure 31. The party ultimately responsible for payment for healthcare services is: A. Medicaid B. The insurer C. The patient D. The provider accounts receivable staff 32. Population health management challenges clinicians to…
c. Cost Control The partners believed that controlling cost is critical to their long term profitability. The following are budgeted and actual activities and cost for the first month of business: SBB SB Budget 1050 Actual Budget Actual Units 990 450 475 3,150 Pattie Bread Toppings Fries Packaging Drinks O/H RM RM 3,100 RM 675 RM 730 RM 525 RM 520 RM 450 RM 490 RM 1,575 RM 720 1,550 800 RM 675 RM RM 840 RM RM 450 RM 455 RM 210 RM 200 RM 90 RM 96 RM 525 RM 500 RM 225 RM 250 RM 4,074 RM 4,014 RM 1,746 RM 1,746 Required: I.Prepare a cost performance report for the first month of operation (Compare actual costs with flexible budgeted costs). II. Discuss the possible causes for significant costs variances (favourable and unfavourable) and recommend correction actions to rectify the costs variances.
For Req #4, Can you please highlight what items I should enter into the budgeted income statement for May? Your spreadsheet has far more lines than what the question does and I am confused. Item2 3.33points ItemSkipped Print Item 2 Problem 8-19 (Algo) Cash Budget; Income Statement; Balance Sheet [LO8-2, LO8-4, LO8-8, LO8-9, LO8-10] Minden Company is a wholesale distributor of premium European chocolates. The company’s balance sheet as of April 30 is given below: Minden CompanyBalance SheetApril 30 Assets Cash $ 9,200 Accounts receivable 76,250 Inventory 49,750 Buildings and equipment, net of depreciation 228,000 Total assets $ 363,200 Liabilities and Stockholders’ Equity Accounts payable $ 63,750 Note payable 23,900 Common stock 180,000 Retained earnings 95,550 Total liabilities and stockholders’ equity $ 363,200 The company is in the process of preparing a budget for May and has assembled the following data: Sales are budgeted at…
+ I/ MI * 00 HI ( (O 因 %#3 Chapter 11 & 13 Review G Saved Help Save & Exit Subr Palace Company has two service departments and two user departments. The number of employees in each department is: Personnel Cafeteria 25 Producing Department A Producing Department B 067 255 580 The fixed costs of the Personnel Department are allocated on a basis of the number of employees. If these costs are budgeted at $96,280 during a given period, the amount of cost allocated to the Cafeteria under the step method would be: Multiple Choice 10:25 P nere to search 4/26/202 PrtSc Delete F8 F10 F11 F12 Ins +D 65 区 F5 F4 & %23 5. 80 4. D G Alt Ctrl Alt