Cost Formulas Medical supplies Lab tests Rent Utilities $13.50q $10.609 Equipment depreciation $2,900 $1,200 $600 $10,200+ $2.30q Administration Required: 1. Complete the flexible budget performance report for September. 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. Liters of blood collected (q) Medical supplies Lab tests Equipment depreciation Rent Actual Results 580 $ 7,590 5,060 3,220 1,200 678 11,768 Utilities Administration Total expenses $ 29,516 Saint Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Flexible Budget Planning Budget 460 $ 6,210 4,876 2,900 1,200 600 11,258 $ 27,044

Cost Formulas Medical supplies Lab tests Rent Utilities $13.50q $10.609 Equipment depreciation $2,900 $1,200 $600 $10,200+ $2.30q Administration Required: 1. Complete the flexible budget performance report for September. 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. Liters of blood collected (q) Medical supplies Lab tests Equipment depreciation Rent Actual Results 580 $ 7,590 5,060 3,220 1,200 678 11,768 Utilities Administration Total expenses $ 29,516 Saint Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Flexible Budget Planning Budget 460 $ 6,210 4,876 2,900 1,200 600 11,258 $ 27,044

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 26Q: At the end of the current fiscal year, the trial balance of Big Apple Inc. revealed the following...

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Performance Evaluation; Ch CABILIDE 1o (Migu, riepanny envie vuugel pervane repicuri Lewis Company reports the following fixed budget and actual results for May. Prepare a flexible budget performance report showing variances between budgeted and actual results. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Sales (units produced and sold) Sales (in dollars) Variable costs Fixed costs For Month Ended May 31 Sales Variable costs Contribution margin Fixed costs Income Fixed Budget 1,240 $ 500 per unit $ 200 per unit $ 131,000 LEWIS COMPANY Flexible Budget Performance Report Flexible Budget Actual Results Variances (1,440 units) (1.440 units)
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Req 1 Req 2A Req 2B Compute the variance for setup cost during the month, assuming that the actual setup cost was $3,000. Use DCdesserts's conventional flexible budget. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). Variance Show less▲