Larrys Lawn Service provides lawn care in a planned community where all lawns are approximately the same size At the end of May, Larry prepared his June budget based on mowing 500 lawns Since all of the lawns are similar in size, Larry felt that the number of lawns mowed in a month would be the best way to measure overall activity for his business Following are the details given of his actual results and planning budget for the month ending on June 30 th Requirements Questions Calculate the spending and revenue variances Identify the favorable and unfavorable spending and revenue variances Number of laws (QI RHYTHM Expenses Wages and salaries Gasoline and supplies Equipment in HIES Office and shop udlitky Office and shoprit Equipment Depreciation Inware Total expenses Net operating Income Larry's Lawn Service For the Month Ende June 30 Revenue Coct Actual Planning Formu Result Budget 550 300 ($750) $ 13,000 $37 500 155,000 50001 $ 23,500 $ 20,000 2 5 100 4 500 (330) 1,300 1 500 151,000) B00 1,000 132,000) 2,000 2 000 152,500) 2,500 2,500 $1,000) 1,200 1 000 36,000 32 000 0 430 $

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Larrys Lawn Service provides lawn care in a planned community where all lawns are approximately the same size. At the end of May, Larry prepared

Larrys Lawn Service provides lawn care in a planned community where all lawns are approximately the same size. At the end of May, Larry prepared his June budget based on mowing 500 lawns. Since all of the lawns are similar in size, Larry felt that the number of lawns mowed in a month would be the best way to measure overall activity for his business. Following are the details given of his actual results and planning budget for the month ending on June 30^th.

Requirements: image text in transcribed

Questions:

Calculate the spending and revenue variances
Identify the favorable and unfavorable spending and revenue variances

Number of laws (QI RHYTHM Expenses . Wages and salaries Gasoline and supplies Equipment in HIES Office and shop udlitky Office and shoprit Equipment Depreciation Inware Total expenses Net operating Income Larry's Lawn Service For the Month Ende June 30 Revenue Coct Actual Planning Formu Result Budget 550 300 ($750) $ 13,000 $37.500 155,000 + 50001 $ 23,500 $ 20,000 |2| 5.100 4.500 (330) 1,300 1.500 151,000) B00 1,000 132,000) 2,000 2.000 152,500) 2,500 2,500 $1,000) 1,200 1.000 36,000 32.000 0.430 $