Bickel Corporation uses customers served as its measure of activity. The following report compares the planning...
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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 Actual Results Customers served Revenue ($3.50q) Expenses: 31,000 $108,300 Planning Budget 30,000 $105,000 Variances $3,300 F Wages and salaries ($23,000 + $1.20q) 60,200 59,000 Supplies ($0.60q) Insurance ($4,900) Total expense Net operating income 16,100 18,000 1,200 U 1,900 F 4,900 4,900 0 None Miscellaneous expense ($3,900 + $0.40q) 14,000 15,900 1,900 F 95,200 97,800 $ 13,100 $ 7,200 2,600 F $5,900 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.) 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.) Bickel Corporation Comprehensive Performance Report For the Month Ended November 30 Flexible Static Actual Budget Results Flexible Budget Planning Budget Budget Variance Variance Customers served 31,000 31,000 30,000 Revenue $ 10,800 $ 105,000 F Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income 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 Actual Results Customers served Revenue ($3.50q) Expenses: 31,000 $108,300 Planning Budget 30,000 $105,000 Variances $3,300 F Wages and salaries ($23,000 + $1.20q) 60,200 59,000 Supplies ($0.60q) Insurance ($4,900) Total expense Net operating income 16,100 18,000 1,200 U 1,900 F 4,900 4,900 0 None Miscellaneous expense ($3,900 + $0.40q) 14,000 15,900 1,900 F 95,200 97,800 $ 13,100 $ 7,200 2,600 F $5,900 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.) 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.) Bickel Corporation Comprehensive Performance Report For the Month Ended November 30 Flexible Static Actual Budget Results Flexible Budget Planning Budget Budget Variance Variance Customers served 31,000 31,000 30,000 Revenue $ 10,800 $ 105,000 F Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income
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To prepare Bickel Corporations Comprehensive Performance Report for November we need to calculate and analyze the variances for revenue and expenses c... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Posted Date:
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