Compare expenses. What is the between year 3 actual and year 3 budgeted? Use the dietary...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Compare expenses. What is the between year 3 actual and year 3 budgeted? Use the dietary percent difference to calculate the remaining areas. Only the final percent is needed, not the division. Format the percentages with one number past the decimal point. Negative numbers are enclosed in parentheses. Include the % symbol at the end. Item Dietary Maintenance Laundry Housekeeping Total Year 3 Budget 652,450 375,100 65,000 1,150,575 2,243,125 Year 3 Actual 625,300 390,431 62,880 1,162,914 2,241,525 Percent difference 652,450-625,300 /652,450=0.0416; 4.2% 9.3% -4.1% 3.3% -1.1% QUESTION 3 What type of trend is evident from the expense comparison in the previous question and why. Select the best answer. A. Overall, this is a negative trend because there is a negative percentage for one of the results. B. This is a postive trend because there are four positive numbers and only one negative number. C. This is a negative trend because more money was budgeted than was spent. D. This is a positive trend because the aggregate percent is positive, taking volume into consideration. Compare expenses. What is the between year 3 actual and year 3 budgeted? Use the dietary percent difference to calculate the remaining areas. Only the final percent is needed, not the division. Format the percentages with one number past the decimal point. Negative numbers are enclosed in parentheses. Include the % symbol at the end. Item Dietary Maintenance Laundry Housekeeping Total Year 3 Budget 652,450 375,100 65,000 1,150,575 2,243,125 Year 3 Actual 625,300 390,431 62,880 1,162,914 2,241,525 Percent difference 652,450-625,300 /652,450=0.0416; 4.2% 9.3% -4.1% 3.3% -1.1% QUESTION 3 What type of trend is evident from the expense comparison in the previous question and why. Select the best answer. A. Overall, this is a negative trend because there is a negative percentage for one of the results. B. This is a postive trend because there are four positive numbers and only one negative number. C. This is a negative trend because more money was budgeted than was spent. D. This is a positive trend because the aggregate percent is positive, taking volume into consideration.
Expert Answer:
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
Students also viewed these finance questions
-
Need a candid response to the following: The article speaks about the COVID-19 pandemic, which started in March 20020; the quality of the healthcare presentation is good on how the coverage. The...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Consider Devine Fashion from S8-6. Assume that the fixed expenses assigned to each department include only direct fixed costs of the department (rather than unavoidable fixed costs as given in S8-6):...
-
Determine whether u and v are orthogonal. 1. u = (3, 15), v = (-1, 5) 2. u = (30, 12), v = (1/2, -5/4) 3. u = 2i - 2j, v = -i - j
-
Wolverine World Wide, Inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as Hush Puppies, Wolverine, Merrell, Stride Rite, and...
-
Mynex Co. identifies the following activities that pertain to manufacturing over- head: Materials Handling, Machine Setups, Factory Machine Maintenance, Factory Supervision, and Quality Control. For...
-
At the beginning of 2010, Sarofim Company acquired equipment costing $90,000. It was estimated that this equipment would have a useful life of 6 years and a residual value of $9,000 at that time. The...
-
coth(x) = sech(x) csch(x) = Need Help? Read It Watch It [0.78/1.04 Points] DETAILS PREVIOUS ANSWERS SCALCET9 4.1.027. Sketch the graph of f and use your sketch to find the absolute and local maximum...
-
Stang Corporation issued to Bradley Company $400,000 par value, 10-year bonds with a coupon rate of 12 percent on January 1, 20X5, at 105. The bonds pay interest semiannually on July 1 and January 1....
-
What are the key points in the classical, positivist, and critical theories of criminology? How are all three still relevant to contemporary (current) discussions of crime and justice? How does...
-
Tony Stark, CEO of CHI, wants you to evaluate two investment proposals that the company is considering: An investment in manufacturing and distribution that involves the expansion of a facility and...
-
An engineer in 1950 was earning $5,700 a year. In 2020, she earned $93,000 a year. However, on average, prices in 2020 were higher than in 1950. What was her real income in 2020 in terms of constant...
-
Write a short cover memo using standard memo format and address your proposal to your teacher. Summarize the key issues that you plan on researching for your final CMNS 1140 report and ask for...
-
Simplify the expression. 75x6+ 48x6
-
Clarks Incorporated, a shoe retailer, sells boots in different styles. In early November the company starts selling "SunBoots" to customers for $50 per pair. When a customer purchases a pair of...
-
Sheffield inc. is a book distributor that had been operating inits original facility since 1995. The increase in certificationprograms and continuing education requirements in severalprofessions ha 2...
-
How do the principles of (a) Physical controls and (b) Documentation controls apply to cash disbursements?
-
Refer to the data in Exercise in 17-30. Prepare a profit variance analysis for K&B like the one in Exhibit 16.5 of the previous chapter. Exhibit 16.5: Data From Exercise 17-30: K&B is a small...
-
Consider a manufacturing firm with multiple departments all using continuous production processes and process costing. Suppose Department A transfers product to Department B for completion to the...
-
Harbor Division has total assets (net of accumulated depreciation) of $660,000 at the beginning of year 1. One of the assets is a machine that has a net book value of $60,000. Expected divisional...
-
Prepare the operating budget, the financial budget, and the supporting schedules.
-
Distinguish between operating and financial budgets.
-
Follow the principal steps in preparing a master budget.
Study smarter with the SolutionInn App