ir ar 01 je Complete the Flexible Budget column for Company C for the month of...
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ir ar 01 je Complete the Flexible Budget column for Company C for the month of March. Then answer the questions that follow: Company C Repairs (Q) (number of repairs) Revenue ($100.00*Q) Expenses: Wages and salaries. $500+(20.00*Q) Office Expense ($25+ $12*Q) Machine Rental Expenses $1000+ (5.00*Q) Utility Expenses Total expenses Net operating income Actual Results 100 (S) $11,000 2,500 1,000 2,500 1,000 7,000 $4,000 Revenue and Spending Variance Flexible Budget ? (S) 7 ? ? 7 2 ? Activity Variance 10 30 (A) Refer to the Table above, what is the "Activity Variance" of Meals Inc's Net operating income? Indicate the amount and whether it is favorable (F) or unfavorable (U). Master Plan Bud (B) Refer to the Table above what is the "Revenue and Spending Variance" of Meals Inc's Office expenses? Indicate the amount and whether it is favorable (F) or unfavorable (U). WC) Refer to the Table above what is the "Activity Variance" of Meals Inc's machine rental expenses? Indicate the amount and whether it is favorable (F) or unfavorable ru). D) Refer to the Table above what is the "Revenue and Spending" Variance of Meals Inc's Indicate the amount and whether it is favorable (F) or unfavorable Revenue? U). ir ar 01 je Complete the Flexible Budget column for Company C for the month of March. Then answer the questions that follow: Company C Repairs (Q) (number of repairs) Revenue ($100.00*Q) Expenses: Wages and salaries. $500+(20.00*Q) Office Expense ($25+ $12*Q) Machine Rental Expenses $1000+ (5.00*Q) Utility Expenses Total expenses Net operating income Actual Results 100 (S) $11,000 2,500 1,000 2,500 1,000 7,000 $4,000 Revenue and Spending Variance Flexible Budget ? (S) 7 ? ? 7 2 ? Activity Variance 10 30 (A) Refer to the Table above, what is the "Activity Variance" of Meals Inc's Net operating income? Indicate the amount and whether it is favorable (F) or unfavorable (U). Master Plan Bud (B) Refer to the Table above what is the "Revenue and Spending Variance" of Meals Inc's Office expenses? Indicate the amount and whether it is favorable (F) or unfavorable (U). WC) Refer to the Table above what is the "Activity Variance" of Meals Inc's machine rental expenses? Indicate the amount and whether it is favorable (F) or unfavorable ru). D) Refer to the Table above what is the "Revenue and Spending" Variance of Meals Inc's Indicate the amount and whether it is favorable (F) or unfavorable Revenue? U).
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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