ACC 202 ARGOSY

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21-20A

P21-20A
Req. 1
Doggy World Doggy World Doggy World Doggy World
Responsibility Accounting Performance Report Responsibility Accounting Performance Report Responsibility Accounting Performance Report Responsibility Accounting Performance Report
July 2011
Companywide
Variance
Operating Income of Regions and Favorable
Headquarters' Office Expense Budget Actual (Unfavorable)
Headquarter's office expense
Ohio stores
Stores in other regions
Operating income
Ohio
Variance
Operating Income of Stores and Favorable
Region Manager's Office Expense Budget Actual (Unfavorable)
Region manager's office expense Region manager's office expense
Dayton Dayton
Other Ohio stores Other Ohio stores
Operating income Operating income
Dayton
Variance
Favorable
Revenues and Expenses: Budget Actual (Unfavorable)
Revenue Revenue
Expenses:
Cost of materials Cost of materials
Salary expense Salary expense
Depreciation expense Depreciation expense
Utilities expense Utilities expense
Rent expense Rent expense
Total expenses
Operating income Operating income
Req. 2
Req. 3

21-21A

P21-21A
May June
Beginning inventory Cost of goods sold Cost of goods sold
= Cost of goods sold Cost of goods sold
Clipboard Office Supply
Budgeted Income Statements
May and June 2011
May June
Operating expenses: Operating expenses: Operating expenses: Operating expenses:
Operating income (loss) Operating income Operating income Operating income

21-22A

P21- 22A
Req. 1
Clipboard Office Supply
Budgeted Cash Collections from Customers
For May and June 2011
May June Total
Cash sales
Collections of last month's credit sales
Total cash collections
Clipboard Office Supply Budgeted Cash Payments for Purchases For May and June 2011
May June Total
75% of last month's purchases of inventory
25% of this month's purchases of inventory
Total payments for purchases
Clipboard Office Supply Budgeted Cash Payments for Operating Expenses For May and June 2011
May June Total
Salaries and commission expense:
50% of last month's expenses
50% of this month's expenses
Rent expense
Total payments for operating expenses
Req. 2
Clipboard Office Supply Cash Budget
Cash Budget
May and June 2011
May June
Beginning cash balance
Cash collections from customers
Total cash available
Cash payments:
Purchases of inventory
Operating expenses
Total cash payments
Ending cash balance