None Refer to the information in Exhibits 13.20 and 13.21 that are part of the test of zero-based budgeting at Rainy Days Umbrellas.Information concerning the funding requests for PDG Areas 2 and 3 are as follows:PDG Area 1PackagePDG Area 2PDG Area 3Funding RequestPackage1-11-2$ 25,8022-1Funding Request$ 16,737PackageFunding Request3-1$ 5,5791-38,3686,6242-210,4623-212,2042-39,0663-32-412,2043-410,1125,9282-57,322Required:As a result of the loss of a major account, funding for the Product Development Group has been reduced even further to $88,913.Complete the table below to indicate whether a package would be funded under the new funding amount.PDG Area 1PDG Area 2PDG Area 3PackageFunded?PackageFunded?PackageFunded?1 ($25,802)1 ($16,737)1 ($5,579)2 ($8,368)2 ($12,204)3 ($6,624)2 ($10,462)3 ($9,066)4 ($12,204)3 ($10,112)4 ($5,928)5 ($7,322)

Rainy Days Umbrellas has faced a budget cut, reducing funding for the Product Development Group…

Answered: Refer to the information in Exhibits…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter13: Budgeting And Standard Costs

Section: Chapter Questions

Problem 13.2.8P: Budgeted income statement and supporting budgets The budget director of Jupiter Helmets Inc., with...

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Preparation of financial statements and interpretation of operating results Below is the December 31, 2022 trial balance for Radnor City's General Fund. Trial Balance Account Debit Credit Estimated revenues-property taxes $500,000 Estimated revenues-intergovernmental 150,000 Estimated revenues-licenses and fees 100,000 Estimated revenues-fines 50,000 Budgetary fund balance Appropriations-general government 10,000 $159,000 Appropriations-parks and recreation 175,000 Appropriations-public safety 446,000 Appropriations-social services 30,000 Expenditures-public safety 441,000 Expenditures-general government 150,500 Expenditures-parks and recreation 170,500 Expenditures-social services 27,000 Cash 35,600 Property taxes receivable 67,200 Tax anticipation notes payable 10,000 Interest payable 800 Revenues-property taxes 497,000 Revenues-intergovernmental 154,000 Revenues-licenses and fees 99,000 Revenues-fines 48,000 Fund balance 62,000 Vouchers payable 21,000 Total $1,701,800 $1,701,800
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In cell J13, create a formula using the DAVERAGE function to average the budget amounts for Comedy projects in the Projects table, using the range I11:I12 as the criteria.

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