Check my work Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below: 6 Puget Sound Divers points Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 200 Revenue ($430. 00q) $86, 000 Expenses : eBook Wages and salaries ($11, 700 + $124.00q) 36,500 Supplies ($5. 00q) 1,000 Equipment rental ($2, 400 + $25.00q) 7, 400 Insurance ($4, 000) 4,000 Hint Miscellaneous ($510 + $1. 44q) 798 Total expense 49, 698 Net operating income $ 36, 302 Print During May, the company's actual activity was 190 diving-hours. References Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income Graw HillCheck my work 2 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria 6 Flexible Budget points For the Month Ended August 31 Actual pounds (q) 7,200 Revenue ($4.25q) $30, 600 Book Expenses : Packing supplies ($0.40q) 2, 880 Oyster bed maintenance Hint ($3,500) 3,500 Wages and salaries ($2, 200 + $0.30q) 4,360 Shipping ($0.65q) 1, 680 Print Utilities ($1, 260) 1, 260 Other ($430 + $0.01q) 502 Total expense 17 , 182 Reference Net operating income $13, 418 The actual results for August appear below: Quilcene Oysteri Income Statement For the Month Ended August 31 Actual pounds 7, 200 Revenue $27, 200 Expenses : Packing supplies 3, 050 Oyster bed maintenance 3,360 Wages and salaries 4,770 Shipping 4, 410 Utilities 1, 070 other 1, 122 Total expense 17, 782 Net operating income $ 9, 418 Required: Calculate the company's revenue and spending variances for August. (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.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Sraw Prev 2 of 6 Next >Bandar Industries Berhad of Malaysia manufactures sporting equipment One ofthe company's products. a football helmet for the North American market, requires a special plastic During the quarter ending June 30. the company manufactured 3.800 helmets, using 2.622 kilograms of plastic. The plastic cost the company $17,305, points According to the standard cost card, each helmet should require 059 kilograms of plastic. at a cost of $7.00 per kilogram Required: 1. What is the standard quantity of kilograms of plastic (Sol that is allowed to make 3.800 helmets? g] 2' What is the standard materials cost allowed (50 x SP) to make 3.800 helmets? 95\" 3' What is the materials spending variance? 4' What is the materials price variance and the materials quantity variance? 9,; (For requirements 3 and 4. Indicate the effect at each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no enact (l.e., zero variance). nput all amounts as positive values. Do not round Intermediate calculations.) 1! Print 1. Standard quantity 01 kilograms allowed 2. Standard cost allowed for actual output \"memes 3. Materials spending variance 4. Materials price variance Materials quantity variance Mc Grew Check my work 5 Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based 10 on direct labor-hours. points In the most recent month, 150,000 items were shipped to customers using 5,900 direct labor-hours. The company incurred a total of $18,290 in variable overhead costs. According to the company's standards, 0.03 direct labor-hours are required to fulfill an order for one item and the variable overhead eBook 3.15 per direct labor-hour. Required: Hint 1. What is the standard labor-hours allowed (SH) to ship 150,000 items to customers? 2. What is the standard variable overhead cost allowed (SH x SR) to ship 150,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efficiency variance? Print (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for n no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) References 1. Standard quantity of labor-hours allowed 2. Standard variable overhead cost allowed 3. Variable overhead spending variance 4. Variable overhead rate variance Variable overhead efficiency variance Mc Graw HillCheck my work 6 Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: 10 Fixed Element Variable Element Actual Total points per Month per Liter for June Revenue $ 24. 00 $ 150, 540 Raw materials $ 5. 85 38, 930 Wages $ 6,800 $ 2.60 $ 23, 700 Utilities $ 2, 830 $ 1. 40 12, 400 Rent $ 3,80 3, 800 LA ta ta t Book Insurance $ 2, 550 2,55 Miscellaneous $ 770 $ 1.55 10, 790 Print While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For example, wages should be $6,800 plus $2.60 per liter of gelato sold and the actual wages for June were $23,700. Via Gelato expected to sell 6,400 liters in June, but actually sold 6,600 liters. References Required: Calculate Via Gelato revenue and spending variances for June. (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.) Via Gelato Revenue and Spending Variances For the Month Ended June 30 Revenue Expenses: Raw materials Wages Utilities Rent Insurance Miscellaneous Total expense Net operating income Mc Graw