Week 6 Assignment - Case on Budgeting
katiebearspapa
flexiblebudget.docx|
Flexible Budget Performance Part 2 |
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Flexible Budget |
Activity Variances |
Planning Budget |
|
Customers served (q) |
36,000 |
|
33,000 |
|
Revenue ($4.80q) |
$172,800 |
$14,400 F |
$158,400 |
|
Expenses: |
|
|
|
|
Wages and salaries ($36,900 + 1.60q) |
94,500 |
4,800 U |
89,700 |
|
Supplies ($0.90q) |
32,400 |
2,700 U |
29,700 |
|
Insurance ($13,300) |
13,300 |
0 |
13,300 |
|
Miscellaneous Expense ($6,300 + $0.40q) |
20,700 |
1,200 U |
19,500 |
|
Total expense |
160,900 |
8,700 U |
152,200 |
|
Net operating income |
$11,900 |
$5,700 F |
$6,200 |
