es Bickel Corporation uses customers served as its measure of activity. The following report compares the...

 

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es 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: Customers served Revenue ($3.60q) Expenses: Wages and salaries ($25,200+ $1.20q) Supplies ($0.50g) Insurance ($ 7,200) Miscellaneous expense ($6,000+ $0.40g) Total expense Net operating income: Customers served Revenue Expenses: Wages and salaries Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Supplies Insurance Miscellaneous expense Total expense Net operating income Required: Prepare the company's flexible budget 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 Flexible Budget Performance Report For the Month Ended November 30 Actual Results Actual Results Planning Budget 27,000 $ 96,200 27,000 Revenue and Spending Variances Flexible Budget 50,400 16,000 7,100 13,400 86,900 $ 9,300 27,000 28,750 $ 103,500 59,700 14,375 7,200 17,500 98,775 $4,725 Activity Variances Planning Budget Variances $7,300 U 9,300 F 1,625 U 28,750 100 F 4,100 F 11,875 F $4,575 F es 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: Customers served Revenue ($3.60q) Expenses: Wages and salaries ($25,200+ $1.20q) Supplies ($0.50g) Insurance ($ 7,200) Miscellaneous expense ($6,000+ $0.40g) Total expense Net operating income: Customers served Revenue Expenses: Wages and salaries Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Supplies Insurance Miscellaneous expense Total expense Net operating income Required: Prepare the company's flexible budget 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 Flexible Budget Performance Report For the Month Ended November 30 Actual Results Actual Results Planning Budget 27,000 $ 96,200 27,000 Revenue and Spending Variances Flexible Budget 50,400 16,000 7,100 13,400 86,900 $ 9,300 27,000 28,750 $ 103,500 59,700 14,375 7,200 17,500 98,775 $4,725 Activity Variances Planning Budget Variances $7,300 U 9,300 F 1,625 U 28,750 100 F 4,100 F 11,875 F $4,575 F

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