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complete all requirements Josh operates his own summer lawn-mowing company using a truck and equipment dedicated solely to business operations. Complete the flexible budget performance
complete all requirements
Josh operates his own summer lawn-mowing company using a truck and equipment dedicated solely to business operations. Complete the flexible budget performance report below to answer the following questions: (Click the icon to view the performance report.) Read the requirements. Complete the flexible budget performance report. (Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Josh's Mowing Business Flexible Budget Variance Flexible Master Budget Volume Variance Budget Actual Flexible Budget Performance Report for June Sales volume (number of mowing jobs) 160 160 75 Operating expenses: Variable operating expenses ($10 per job) $ 1,410 1,290 $ 980 425 500 500 Fixed operating expenses ($500 per month) $ 1,835 1,790 $ 1,480 Total operating expenses Data Table A B D E F. 1 Josh's Mowing Business Flexible Budget Variance Flexible Budget Performance Report for June Flexible Volume Budget Variance Master Budget Actual 2 Sales volume (number of mowing jobs) 160 160 75 4 3 Operating expenses: Variable operating expenses ($10 per job) Fixed operating expenses ($500 per month) $ 1,410 $ 1,290 $ 980 5 425 500 500 6 Total operating expenses $ 1,835 $ 1,790 $ 1,480 x Requirements 1. What is the volume variance for total operating expenses? Favorable or unfavorable? 2. What is the flexible budget variance for total operating expenses? Favorable or unfavorable? 3. What is the master budget variance for total operating expenses? Favorable or unfavorableStep by Step Solution
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