Flexible Budget December Actual Results December (in thousands Rs.) 8) The following data pertain to the...
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Flexible Budget December Actual Results December (in thousands Rs.) 8) The following data pertain to the Avari Hotel, Lahore for the month of December. (in thousands Rs.) Revenues: 1,520 1,500 3,000 Banquets and Catering 2,980 Restaurants Costs: Kitchen staff wages (200) (210) Food 4065 4065 Paper products Variable overhead (250) (110) (180) (244) (120) (190) Fixed overhead →Prepare the following: a. Flexible Budgeted Income Statement for December (3 Marks) b. Actual Income Statement for December (3 Marks) c. Variance Report for December (3 Marks) 9) Prepare a Flexible overhead budget for HIA Inc. for 2021 flexed at 100% and 90% activity levels using the following data: (8 marks) Direct labor hours 3,000 Direct labor hourly rate Rs.50 Variable costs: Indirect Labor Rs.50/direct labor hour Consumables Rs. (65/direct labor hour) 5% of direct & indirect labor costs Welfare services Fixed costs: Depreciation Maintenance Rs.250,000 Rs. (314065) Rs.35,000 Management Salaries Rs.300,000 Insurance Flexible Budget December Actual Results December (in thousands Rs.) 8) The following data pertain to the Avari Hotel, Lahore for the month of December. (in thousands Rs.) Revenues: 1,520 1,500 3,000 Banquets and Catering 2,980 Restaurants Costs: Kitchen staff wages (200) (210) Food 4065 4065 Paper products Variable overhead (250) (110) (180) (244) (120) (190) Fixed overhead →Prepare the following: a. Flexible Budgeted Income Statement for December (3 Marks) b. Actual Income Statement for December (3 Marks) c. Variance Report for December (3 Marks) 9) Prepare a Flexible overhead budget for HIA Inc. for 2021 flexed at 100% and 90% activity levels using the following data: (8 marks) Direct labor hours 3,000 Direct labor hourly rate Rs.50 Variable costs: Indirect Labor Rs.50/direct labor hour Consumables Rs. (65/direct labor hour) 5% of direct & indirect labor costs Welfare services Fixed costs: Depreciation Maintenance Rs.250,000 Rs. (314065) Rs.35,000 Management Salaries Rs.300,000 Insurance
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a Preparation of flexible budget Income statement for December PARTICULARS AMOUNT TOTAL AMOUNT REVEN... View the full answer
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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