Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chapter 7 Flexible budgeting and performance evaluation Copr. Goedl 2 0 2 3 Owensville Pool Service is preparing a Flexible Budget Performance report for the

Chapter 7 Flexible budgeting and performance evaluation
Copr. Goedl 2023Owensville Pool Service is preparing a Flexible Budget Performance report for the month of July. Data for the planning budget and the actual results are provided below.
Planning budget cost formulas
Estimated units of production 15,000
Sales $16Q
Wages and salaries $36,000
Employee benefits $12,000
Supplies $4Q
Rent expense $5,000
Utilities $900 plus $0.25Q
Misc. expenses $8,500 plus $1.50Q
Actual results
Actual units of production 12,400
Sales $192,200
Wages and salaries $36,000
Employee benefits $12,400
Supplies $54,560
Rent expense $5,000
Utilities $3,380
Misc. expenses $26,800
Calculate the revenue/spending variance for Net operating income.
Group of answer choices
$(10,640)
$26,650
$(26,650)
$10,640

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Accounting And Control

Authors: Don R. Hansen, Maryanne M. Mowen

3rd Edition

0324002327, 978-0324002324

More Books

Students also viewed these Accounting questions

Question

What is white noise?

Answered: 1 week ago

Question

=+ Identify the ethical dilemma in this scenario.

Answered: 1 week ago

Question

b. Did you suppress any of your anger? Explain.

Answered: 1 week ago