Managerial Accounting

Miskun's Fish House is a family-owned restaurant that specialized in Sunda-style seafood. Data concerning the restaurant's monthly revenues and costs appear below (Q refers to the number of meals served): Formula Revenue ..... $ 8.25 Q Cost of ingredients ...manmini $ 3.15 Q Wages and salaries $ 5,200 Utilities $ 400 + $ 0.1 Q $ 1,100 Miscellaneous ......1:121 121 1 :! ! ! $ 300 + $ 0.4 Q Instruction: a. Prepare a flexible budget performance report for the restaurant for July, 2021 with using the actual result for July appear below: (10%) Revenue .I $ 125,000 Cost of ingredients ..... ! ! $ 40,000 Wages and salaries .....mmmmmmmmm!! $ 5,350 Utilities ...... 1,900 Rent $ 1,100 Miscellaneous . $ 4,850 Note: planning budged for July assuming that 9,000 meals are served after adjusting with lacking of trade due to the covid pandemic 19. It turned out that in July the situation had returned to normal, and 12,000 meals were actually served in July. b. Find the biggest of unfavorable variance in your answer and give an explanation! (5%)The direct labor budget of Kebon Jeruk Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1" quarter 2nd quarter 3d quarter 4th quarter Budgeted direct labor-hours 4,000 4,100 4,250 3,900 The company's variable manufacturing overhead rate is $ 9.75 per direct labor-hour and the company's fixed manufacturing overhead is $ 72,000 per quarter. The only noncash item included in fixed manufacturing overhead in depreciation, which is $ 24,000 per quarter. Instruction: a. Construct the company's manufacturing overhead budget for the upcoming fiscal year! (5%) b. Sales budget is a source of information for others budget, do you agree? If you agree, how does the manufacturing overhead budget relate indirectly to the sales budget? Your explanation should follow this order: manufacturing overhead budget => direct labor budget production budget > sales budget (5%)B C D E F G H The company that apply Activity Based Costing (ABC), are they still recording accounting transaction daily and prepare financial statement? Why don't they eliminate traditional accounting? (5%)