Balancier Car Wash has the following data. Balancier Car Wash Income Statement For the Month ending...
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Balancier Car Wash has the following data. Balancier Car Wash Income Statement For the Month ending December 31 Actual Car Washes 11,000 Revenue $ 82,500 Expenses: Cleaning supplies $ 9,086 Electricity 2,987 Maintenance 2,840 Wages and salaries 9,275 Depreciation 7,000 Rent 9,000 Administrative expenses 6,088 Total expense $ 46,276 Net operating income $ 36,224 Fixed Cost Variable Cost Per Month Per Car Wash Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.81 $ 1,150 $ 0.16 $ 0.22 4,900 $ 0.31 7,000 9,000 5,000 $ 0.10 Sales price per car wash $ 7.50 1. Based on the above information, prepare a planning budget for the month. Balancier Car Wash Planning Budget Budgeted cars washed 11,200 Select an answer $ Expenses: Cleaning Supplies Electricity Maintenance 2464 Wages and Salaries 00 Depreciation Rent 7000 Administrative Expenses Select an answer Select an answer 9000 GA 2. Prepare a Comparison of the Planned Operating Budget to Actual Balancier Car Wash Planning Budget Planning Actual Variances Budget Cars washed 11,200 11,000 Select an answer $ Expenses: Cleaning Supplies Electricity A $ +A $ F 9086 +A $ E U Maintenance 2464 2840 Wages and Salaries Depreciation 7000 7000 Rent Administrative Expenses Select an answer 9000 9000 F F F F Select an answer $ $ $ UV 3. Prepare a Comparison of the Flexible Budget to Actual Balancier Car Wash Planning Budget Flexible Actual Variances Budget Cars washed 11,000 11,000 $ $ Revenue 82500 82500 Expenses: Cleaning Supplies 8910 +A $ +A $ 0 U v Electricity 2910 0 U 00 Maintenance 0 2420 U Wages and Salaries 8310 E Depreciation 00 7000 00 7000 Rent Administrative Expenses 9000 6100 B 08 9000 00 0 U 0 Administrative Expenses 6100 $ Total Expenses +A $ 44650 00 0 F 0 Uv $ Net Operating Income $ 39030 37850 U v Balancier Car Wash has the following data. Balancier Car Wash Income Statement For the Month ending December 31 Actual Car Washes 11,000 Revenue $ 82,500 Expenses: Cleaning supplies $ 9,086 Electricity 2,987 Maintenance 2,840 Wages and salaries 9,275 Depreciation 7,000 Rent 9,000 Administrative expenses 6,088 Total expense $ 46,276 Net operating income $ 36,224 Fixed Cost Variable Cost Per Month Per Car Wash Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.81 $ 1,150 $ 0.16 $ 0.22 4,900 $ 0.31 7,000 9,000 5,000 $ 0.10 Sales price per car wash $ 7.50 1. Based on the above information, prepare a planning budget for the month. Balancier Car Wash Planning Budget Budgeted cars washed 11,200 Select an answer $ Expenses: Cleaning Supplies Electricity Maintenance 2464 Wages and Salaries 00 Depreciation Rent 7000 Administrative Expenses Select an answer Select an answer 9000 GA 2. Prepare a Comparison of the Planned Operating Budget to Actual Balancier Car Wash Planning Budget Planning Actual Variances Budget Cars washed 11,200 11,000 Select an answer $ Expenses: Cleaning Supplies Electricity A $ +A $ F 9086 +A $ E U Maintenance 2464 2840 Wages and Salaries Depreciation 7000 7000 Rent Administrative Expenses Select an answer 9000 9000 F F F F Select an answer $ $ $ UV 3. Prepare a Comparison of the Flexible Budget to Actual Balancier Car Wash Planning Budget Flexible Actual Variances Budget Cars washed 11,000 11,000 $ $ Revenue 82500 82500 Expenses: Cleaning Supplies 8910 +A $ +A $ 0 U v Electricity 2910 0 U 00 Maintenance 0 2420 U Wages and Salaries 8310 E Depreciation 00 7000 00 7000 Rent Administrative Expenses 9000 6100 B 08 9000 00 0 U 0 Administrative Expenses 6100 $ Total Expenses +A $ 44650 00 0 F 0 Uv $ Net Operating Income $ 39030 37850 U v
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To prepare a planning budget for the Balancier Car Wash based on the provided information we need to calculate the budgeted revenue and expenses for 1... View the full answer
Related Book For
Accounting Texts and Cases
ISBN: 978-1259097126
13th edition
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
Posted Date:
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