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Outdoor Company for the month of November DE Outdoor Company Winter Sports Department Budget Report For the Month Ended November 30, 2020 Budget Actual Difference Favorable Unfavorable U 500 F Sales in units 4,000 4,500 Variable expenses $112.000 $118,600 $6,600 U 40,000 43,500 3,500U 184,000 201,600 17,600U Sales commissions Advertising expense Travel expense Demonstration models given out Total variable Fixed expenses 96,000 86,300 9,700 F 432,000 450,000 18,000U Rent 8.100 8,100 0 Sales salaries 59.400 59.400 0 Olhce salaries 40.200 40.200 Depreciation - Vans (sales staff) 2,600 3,000 0 88 400 U Total fixed 110,300 110,700 4000 Total expenses $542.300 $560,700 $18.400U "The increase in depreciation was due to a new vehicle that had to be purchased as a result of an accident driving on snowy roads on the way to visit a customer As a result of this budget report, Davis was called into the president's office and congratulated on his finesales performance. He was reprimanded, however, for allowing his costs to get out of control. Davis knew something was wrong with the performance report that he had been given. However, he was not sure what to do, and comes to you for advice (a) Prepare a budget report based on fledble budget data to help Davis. (Round per unit answers to 2 decimal places, s. 15.25.) DE Outdoor Company Winter Sports Department Flecible Budget Report For the Month Ended November 30, 2020 Per Unit Budget Actual Sales in Units 4400 Variable pene Sales Commissions V Advertising pente > Travel Sport >> Free Demonstration Models > Total Variable Others > Deprecation. As a Toated Yol penses Prepare a budget report based on flooble budget data to help Davis (Round per unit answers to 2 decimal places, es 15.25) DE Outdoor Company Winter Sports Department Fleuble Budget Report For the Month Ended November 30, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual 4400 4400 > > > > > > > e Tedbook and Media Your answer is correct Should Hank have been reprimanded? Explain Hank should not be reprimanded as Hank managed the expenses in his department eTextbook and Media Lily Painting Service specializes in painting tall office buildings. During a recent month, the company worked on three painting projects (the Arrow Building the Besler Building and the Cartwright Building). The company is interested in controlling the materials costs. namely the paint used for these painting contracts In order to provide management with useful cost control information, the company uses standard costs and prepares monthly variance reports Analysis reveals that the purchasing agent mistakenly purchased poor quality paint for the Arrow Building project The Besler Building project, however, received higher-than-standard-quality paint that was on sale. The Cartwright Building project received standard-quality paint. However, the price had increased and a new employee was used to paint the building Shown below are quantity and cost data for each project Actual Standard Total Project Quantity Costs Quantity Variance Costs 3,700 gallons $292 300 Arrow Building $286,350 3,450 gallons $5.950 U 3,780 $306,180 3,990 $331,170 24 990 F Besler Building Cartwright Building 4560 $387,600 4260 $353,580 34,020 U Total variance $14,980 U (a) Prepare a variance report for the purchasing department with the following columns: (1) Project, (2) Actual Gallons Purchased, (3) Actual Price (4) Standard Price (5) Price Variance, and (6) Explanation 5 Lily Painting Serv Varlance Report - Purchasin For the month ende Actual Gallons Purchased Actual Price Standard Price Project Arrow Building Besler Building Cartwright Building Total price variance e Textbook and Media (a) Prepare a variance report for the purchasing department with the following columns: (1) Project, (2) Actual Gallons Purchased, (3) Actual Price (4) Standard Price (5) Price Variance, and (6) Explanation. Lily Painting Service Variance Report - Purchasing Department For the month ended XX Standard Price Price Variance Explanation $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (a) Prepare a variance report for the purchasing department with the following columns (1) Project, (2) Actual Gallons Purchased, (3) Actual Price (4) Standard Price. (5) Price Variance, and (6) Explanation. Painting Service prt - Purchasing Department ne month ended XX Price Variance Explanation
