MGMT 8500H ASSIGNMENTIBI BUDGET ASSIGNMENT-F21 Overview In this assignment, you are provided with a case which includes data relating to static budget, flexible budget, and variance analysis. You will transcribe the data from the case and create a: Static budget . Actual budget Flexible budget O Static budget variance Flexible budget variance Variance analysis You will also write a memo regarding possible unethical practices during budget preparation. Grading: This is an individual assignment worth 20% of your final grade. Related textbook content: The content you are being assessed on, appears in Chapter 7 and Chapter 11 of the textbook. This content is covered in class during weeks 10,11 and 12. CASE Background: Sparkling Clean Services (SCS) is a local business in the Tri-cities area. It provides cleaning services to residential households and commercial establishments. Both households and businesses sign contracts with SCS. As the contractor, SCS dispatches its crew to the locations. The crew performs the cleaning as per the contracts and reports back to the company main desk. The main desk then prepares the invoice and sends them to the clients. Clients have one day to pay the invoice. Sales volume can vary from one quarter to the next. In terms of expenses, the main expense for SCS relates to labour. They pay crew members competitive wages and benefits. The wage rate is calculated on an hourly basis and is fixed for the entire year. The next expense item is cleaning supplies. SCS accounts for cleaning supplies relative to the hours worked. For example, they estimate that cleaning supplies are consumed at a rate of 0.2 litres per | labour hour. This is a good measure because the longer it takes for a site to be cleaned, the more the consumption of cleaning supplies. Cleaning supplies are procured from a prominent vendor and the cost is fixed for the entire year. Sometimes clients are not happy about the cleaning services and register a complaint. In that case, the crew is dispatched again for a second cleaning. The hours accruing from such scenarios are not billed to the clean as this constitutes a 'service recovery'. However, the crew is paid for such hours. SCS maintains a record of these hours and classifies them as 'unproductive hours', or 'unbilled hours. This is calculated as a percentage of revenue earning hours (e.g., 10% of revenue generating hours). For the purpose of this assignment, assume that there is no consumption of cleaning materials when this second cleaning is being done. + CD Page view All Read aloud 0 Add text y Draw Budget for the year 2020: The budget for the year 2020 was prepared in December 2019 and had the following components: Revenue: The revenue is calculated as number of hours that the crew works on a site, multiplied by the contracted rate with the client. The hours worked in the residential and commercial segments are shown separately, and there is a total for the combined hours worked. The revenue for each segment is arrived at by multiplying the hours for the segment by the rate. The budget is prepared for four quarters, one to four For 2020, the budgeted sales hours were: Quarter 1 2 3 4 Budgeted commercial sales in 2,500 2,700 3,000 2,800 hours Budgeted residential sales in hours 1,000 1,200 900 1,300 For 2020, the budgeted selling price per hours were: Quarter 1 2 3 4 $40 $40 $40 $40 Selling price per hour (commercial) Selling price per hour (residential) $51 $51 $51 $51 Direct Labour expense: SCS will pay its employees an hourly rate of $22 for the entire year. Cleaning supply usage: Direct Labour expense: SCS will pay its employees an hourly rate of $22 for the entire year. Cleaning supply usage: The budgeted usage is 0.25 litre / labour hour for the commercial segment and 0.15 litre/ labour hour for the residential segment. This is constant for the entire year. cleaning supply expense: Budgeted expense is $4.5 per litre for the entire year. 41 Page MGM 18500. ASSIGNMENA3 BUDGET ASSIGNMENT= 21 Fixed overhead: To support the cleaning operations, there are four items of expenditure. These are designated as overheads and their budgeted expenses are as follows: Receptionist: Budgeted expense is $5,000 per quarter and is the same for all four quarters. Depreciation: This relates to the depreciation of vehicles used to transport employees to client locations. Budgeted expense is $9,000 per quarter and is the same for all four quarters. + iD Page view All Read aloud (T) Add text V Drav Depreciation: This relates to the depreciation of vehicles used to transport employees to client locations. Budgeted expense is $9,000 per quarter and is the same for all four quarters. Gas: Budgeted expenditure on gas is $7,000 and is the same for all four quarters. Maintenance: Budgeted expenditure on Maintenance is $1,000 per quarter and is the same for all four quarters. Actual results for the year 2020. It is now January 7, 2021 and Sparkling Clean Services (SCS) is comparing the actual expenses against their budget. Here is what they found. Revenue For 2020, the actual sales hours were: Quarter 1 2 3 4 Actual sales - commercial 2,400 2,700 2,800 3,000 Actual sales - residential 1,150 1,250 1,000 1,200 For 2020, the actual hourly revenue was: Quarter 1 N 3 4 Actual selling price - commercial $45 $45 $45 $45 Actual selling price - residential $50 $50 $50 $50 MGMT 8500 ASSIGNMENTS BUDGET ASSIGNMENT-F21 Direct Labour expenses SCS paid its employees an hourly rate of $21 for the entire year. Cleaning supply usage: The actual usage was 0.18 litre / labour hour for the commercial segment and 0.09 litre/ labour hour for the residential segment. This was constant for the entire year. Cleaning supply expense: Actual expense was $5.50 per liter for the entire year. Fixed overhead: To support the cleaning operations, there are four items of expenditure. These are designated as overheads and their budgeted expenses are as follows: Receptionist: Actual expense was $6,200 per quarter and is the same for all four quarters. Depreciation: This relates to the depreciation of vehicles used to transport employees to client locations. Actual expense was $9,200 per quarter and was the same for all four quarters. Gas: Actual expenditure on gas was $7,100 and was the same for all four quarters. Maintenance: MGMT 8500 - ASSIGNMENT 3: BUDGET ASSIGNMENT-F21 Required: Part A: For this part you will use the template provided in Excel Workbook format. Complete the following steps in sequence: Step # Spreadsheet title Activity One Input Database Populate the section A4:G24 with data from the above case and develop the budget parameters. Two Input Database Populate the section K4:035 with data from the above case and develop the actual parameters. Three Static Budget Populate the section AZ:F29 with data from the spreadsheet 'Input Database and develop the static Four Actual Budget budget. Populate the section AZ:F29 with data from the spreadsheet Input Database and develop the actual budget. Populate the section A7:F29 with data from the spreadsheet 'Input Database' and develop the flexible Five Flexible Budget budget. Six Var Analysis - Static and Flex Populate the section A5:E26 with data from the spreadsheets 'Static Budget' and 'Actual Budget and develop the static budget variance. Populate the section G5:126 with data from the Seven Var Analysis - Static and w O Page view AN Read aloud (T) Add text y Dra budget. Five Flexible Budget Populate the section AZ:F29 with data from the Six Var Analysis Static and spreadsheet 'Input Database and develop the flexible budget. Populate the section A5:E26 with data from the spreadsheets 'Static Budget and 'Actual Budget and develop the static budget variance. Flex Seven Var Analysis Static and Flex Populate the section G5:126 with data from the spreadsheet 'Actual Budget' and 'Flexible Budget' and develop the flexible budget variance. Eight Material variances Using applicable data complete the analysis of Material variances for both the commercial and residential segments. Nine Labour variances Using applicable data complete the analysis of Material variances for both the commercial and residential segments. 7|Page MGMT 8500-ASSIGNMENT 3 BUDGET ASSIGNMENT-F21 Other guidelines: nut Database snreadsheet only F21-Budget Assignment - Student - Protected View Search (Alt+Q) File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW This file has been verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If you H31 X fx =SUM(H8:H29) A B F G 1 H 1 C D SCS Operating Budget for the period Jan - Dec '20 Quarters 2 3 4 Year Marks 2 2 3 4 5 9 Sales residential 10 Total sales 11 12 13 Direct material budget 14 Variable costs commercial 15 costs residential 16 Total variable costs 17 18 19 Labour budget 20 Commercial 21 Residential 22 Total labour 23 24 Fixed Overhead: 25 Receptionist 26 Depreciation 27 Gas 28 Maintenance 29 Total Total 30 31 32 33 34 35 86 37 38 39 40 Cover page Read this first Static Budget Actual Budget Flexible Budget Var Analysis - Static Ready LIUT du stil detected any threats. B8 X & fx A B F H 1 D E SCS Operating results for the period Jan - Dec 20 u A WN Quarters 1 2 4. Year Marks 6 7 Sales budget 8 Sales Commercial 9 Sales residential 10 Total sales 2 11 12 13 Direct material budget 14 Variable costs commercial 15 Variable costs residential 16 Total variable costs 17 18 19 Labour budget 20 Commercial 21 Residential 22 Total labour 23 24 Fixed Overhead: 25 Receptionist 26 Depreciation 27 Gas 28 Maintenance 29 Total 30 31 32 33 34 35 Total 8 36 37 Cover page Read this first Static Budget Actual Budget Flexible Budget Var Analysis Ready H31 VOX fx =SUM(H7:H29) B c D E SCS Flexible budget for the period Jan - Dec '20 F G H van WN Quarters 3 1 2 4 Year Marks 7 Sales budget 8 Sales Commercial 9 Sales residential 10 Total sales 11 12 13 Direct material budget 14 Variable costs commercial 15 Variable costs residential 16 Total variable costs 17 18 19 Labour budget 20 Commercial 21 Residential 22 Total labour 23 24 Fixed Overhead: 25 Receptionist 26 Depreciation 27 Gas 28 Maintenance 29 Total 30 31 32 Total + 33 34 35 36 37 38 20 Actual Budget Flexible Budget Var Analysis - St Cover page Read this first Static Budget * AutoSave Off F21-Budget Assignment - Student - Protected View O Search (Alt+Q) File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW This file has been verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If you need to edit A1 VX fx SCS E F G H SCS Static Budget Variance Actual for the year Static for the year Variance Flexible Budget Variance Flexible for the year Variance U/E Actual for the year 1 2. 3 4 Sales budget 5 Sales Commercial 6 Sales residential 7 Total sales 8 9 10 Direct material budget ariable costs commercial 12 Variable costs residential 13 Total variable costs 14 15 16 Labour budget 17 Commercial 18 Residential 19 Total labour 20 21 Fixed Overhead: 22 Receptionist 23 Depreciation 24 Gas 25 Maintenance 26 Total 27 28 29 30 31 32 33 34 35 36 37 38 Cover page Flexible Budget Actual Budget Var Analysis - Static and Fle Read this first Static Budget Search (Alt+Q) File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW This file has been verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If you need F39 vX fx B D E 1 F G H Direct Materials - Commercial 2. 3 Actual Quantity -AQ 4 Actual Rate -AR 5 Total Actual Quantity -AQ Standard Rate-SR Total Standard Quantity - SQ Standard Rate - SR Total Price Variance 7 8 Quantity Variance Total Variance 9 Direct Materials - Residential 10 11 12 13 14 15 16 17 Actual Quantity -AQ 18 Actual Rate -AR 19 Total 20 21 22 23 24 25 Actual Quantity -AQ Standard Rate -SR Total Standard Quantity - SO Standard Rate - SR Total Price Variance Quantity Variance Total Variance 26 28 29 30 Cover page Read this first Static Budget Actual Budget Flexible Budget Var Analysis - Static and File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW This file has been verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If F40 V XV fx A B D E H 1 G Labour - Commercial 2 3 Actual Hours -AH 4 Actual Rate -AR 5 Total 6 Actual Hours - AH Standard Rate SR Total Standard Hours - SH Standard Rate - SR Total 7 Rate Variance Efficiency Variance 8 Total Variance 9 10 11 12 33 14 15 Labour - Residential 76 17 Actual Hours -AH 18 Actual Rate -AR 19 Total Actual Hours-AH Standard Rate -SR Total Standard Hours -SH Standard Rate - SR Total Rate Variance Efficiency Variance Total Variance ANNARARNAN Read this first Static Budget Actual Budget Flexible Budget Var Analysis - Static and Flex Ready B2 Quarters D E F G H B C Parameters - budget 1 2 Quarters w 3 Growth % 4 Sales ( hours): 5 Budgeted total sales in hours 6 Budgeted commercial sales in hours 7 Budgeted residential sales in hours 8 Selling rate( $/hr): 9 Selling price per hour (commercial) 10 Selling price per hour (residential) 11 12 Direct labour expense ( $/hr): 13 14 Cleaning Supply usage ( litre / labour hour): 15 Commercial 16 Residential 17 18 Cleaning Supply expense ( $/litre)): 19 20 Fixed overhead: 21 Receptionist 22 Depreciation 23 Gas 24 Maintenance 25 26 27 28 29 30 31 32 33 34 35 36 37 38 K L M N O Parameters - actual Quarters 2 3 4 Year 1 Quarter over quarter change>>> Sales ( hours): Actual total sales Actual sales - commercial Actual sales - residential Selling rate ( $/hr): Actual selling price - commercial Actual sellling price - residential Direct labour expense ( $/hr): Actual Cleaning Supply usage (litre / labour hour): Commercial Residential Actual Cleaning Supply expense ($/litre)): Actual Fixed overhead: Receptionist Depreciation Gas Maintenance Total no. of hours actually paid to employees Breakdown: Commercial Residential Actual hours worked Direct labour cost Unproductive ( unbilled) factor tatic and Flex Material variances Labour variances Input Database Rubric MGMT 8500H ASSIGNMENTIBI BUDGET ASSIGNMENT-F21 Overview In this assignment, you are provided with a case which includes data relating to static budget, flexible budget, and variance analysis. You will transcribe the data from the case and create a: Static budget . Actual budget Flexible budget O Static budget variance Flexible budget variance Variance analysis You will also write a memo regarding possible unethical practices during budget preparation. Grading: This is an individual assignment worth 20% of your final grade. Related textbook content: The content you are being assessed on, appears in Chapter 7 and Chapter 11 of the textbook. This content is covered in class during weeks 10,11 and 12. CASE Background: Sparkling Clean Services (SCS) is a local business in the Tri-cities area. It provides cleaning services to residential households and commercial establishments. Both households and businesses sign contracts with SCS. As the contractor, SCS dispatches its crew to the locations. The crew performs the cleaning as per the contracts and reports back to the company main desk. The main desk then prepares the invoice and sends them to the clients. Clients have one day to pay the invoice. Sales volume can vary from one quarter to the next. In terms of expenses, the main expense for SCS relates to labour. They pay crew members competitive wages and benefits. The wage rate is calculated on an hourly basis and is fixed for the entire year. The next expense item is cleaning supplies. SCS accounts for cleaning supplies relative to the hours worked. For example, they estimate that cleaning supplies are consumed at a rate of 0.2 litres per | labour hour. This is a good measure because the longer it takes for a site to be cleaned, the more the consumption of cleaning supplies. Cleaning supplies are procured from a prominent vendor and the cost is fixed for the entire year. Sometimes clients are not happy about the cleaning services and register a complaint. In that case, the crew is dispatched again for a second cleaning. The hours accruing from such scenarios are not billed to the clean as this constitutes a 'service recovery'. However, the crew is paid for such hours. SCS maintains a record of these hours and classifies them as 'unproductive hours', or 'unbilled hours. This is calculated as a percentage of revenue earning hours (e.g., 10% of revenue generating hours). For the purpose of this assignment, assume that there is no consumption of cleaning materials when this second cleaning is being done. + CD Page view All Read aloud 0 Add text y Draw Budget for the year 2020: The budget for the year 2020 was prepared in December 2019 and had the following components: Revenue: The revenue is calculated as number of hours that the crew works on a site, multiplied by the contracted rate with the client. The hours worked in the residential and commercial segments are shown separately, and there is a total for the combined hours worked. The revenue for each segment is arrived at by multiplying the hours for the segment by the rate. The budget is prepared for four quarters, one to four For 2020, the budgeted sales hours were: Quarter 1 2 3 4 Budgeted commercial sales in 2,500 2,700 3,000 2,800 hours Budgeted residential sales in hours 1,000 1,200 900 1,300 For 2020, the budgeted selling price per hours were: Quarter 1 2 3 4 $40 $40 $40 $40 Selling price per hour (commercial) Selling price per hour (residential) $51 $51 $51 $51 Direct Labour expense: SCS will pay its employees an hourly rate of $22 for the entire year. Cleaning supply usage: Direct Labour expense: SCS will pay its employees an hourly rate of $22 for the entire year. Cleaning supply usage: The budgeted usage is 0.25 litre / labour hour for the commercial segment and 0.15 litre/ labour hour for the residential segment. This is constant for the entire year. cleaning supply expense: Budgeted expense is $4.5 per litre for the entire year. 41 Page MGM 18500. ASSIGNMENA3 BUDGET ASSIGNMENT= 21 Fixed overhead: To support the cleaning operations, there are four items of expenditure. These are designated as overheads and their budgeted expenses are as follows: Receptionist: Budgeted expense is $5,000 per quarter and is the same for all four quarters. Depreciation: This relates to the depreciation of vehicles used to transport employees to client locations. Budgeted expense is $9,000 per quarter and is the same for all four quarters. + iD Page view All Read aloud (T) Add text V Drav Depreciation: This relates to the depreciation of vehicles used to transport employees to client locations. Budgeted expense is $9,000 per quarter and is the same for all four quarters. Gas: Budgeted expenditure on gas is $7,000 and is the same for all four quarters. Maintenance: Budgeted expenditure on Maintenance is $1,000 per quarter and is the same for all four quarters. Actual results for the year 2020. It is now January 7, 2021 and Sparkling Clean Services (SCS) is comparing the actual expenses against their budget. Here is what they found. Revenue For 2020, the actual sales hours were: Quarter 1 2 3 4 Actual sales - commercial 2,400 2,700 2,800 3,000 Actual sales - residential 1,150 1,250 1,000 1,200 For 2020, the actual hourly revenue was: Quarter 1 N 3 4 Actual selling price - commercial $45 $45 $45 $45 Actual selling price - residential $50 $50 $50 $50 MGMT 8500 ASSIGNMENTS BUDGET ASSIGNMENT-F21 Direct Labour expenses SCS paid its employees an hourly rate of $21 for the entire year. Cleaning supply usage: The actual usage was 0.18 litre / labour hour for the commercial segment and 0.09 litre/ labour hour for the residential segment. This was constant for the entire year. Cleaning supply expense: Actual expense was $5.50 per liter for the entire year. Fixed overhead: To support the cleaning operations, there are four items of expenditure. These are designated as overheads and their budgeted expenses are as follows: Receptionist: Actual expense was $6,200 per quarter and is the same for all four quarters. Depreciation: This relates to the depreciation of vehicles used to transport employees to client locations. Actual expense was $9,200 per quarter and was the same for all four quarters. Gas: Actual expenditure on gas was $7,100 and was the same for all four quarters. Maintenance: MGMT 8500 - ASSIGNMENT 3: BUDGET ASSIGNMENT-F21 Required: Part A: For this part you will use the template provided in Excel Workbook format. Complete the following steps in sequence: Step # Spreadsheet title Activity One Input Database Populate the section A4:G24 with data from the above case and develop the budget parameters. Two Input Database Populate the section K4:035 with data from the above case and develop the actual parameters. Three Static Budget Populate the section AZ:F29 with data from the spreadsheet 'Input Database and develop the static Four Actual Budget budget. Populate the section AZ:F29 with data from the spreadsheet Input Database and develop the actual budget. Populate the section A7:F29 with data from the spreadsheet 'Input Database' and develop the flexible Five Flexible Budget budget. Six Var Analysis - Static and Flex Populate the section A5:E26 with data from the spreadsheets 'Static Budget' and 'Actual Budget and develop the static budget variance. Populate the section G5:126 with data from the Seven Var Analysis - Static and w O Page view AN Read aloud (T) Add text y Dra budget. Five Flexible Budget Populate the section AZ:F29 with data from the Six Var Analysis Static and spreadsheet 'Input Database and develop the flexible budget. Populate the section A5:E26 with data from the spreadsheets 'Static Budget and 'Actual Budget and develop the static budget variance. Flex Seven Var Analysis Static and Flex Populate the section G5:126 with data from the spreadsheet 'Actual Budget' and 'Flexible Budget' and develop the flexible budget variance. Eight Material variances Using applicable data complete the analysis of Material variances for both the commercial and residential segments. Nine Labour variances Using applicable data complete the analysis of Material variances for both the commercial and residential segments. 7|Page MGMT 8500-ASSIGNMENT 3 BUDGET ASSIGNMENT-F21 Other guidelines: nut Database snreadsheet only F21-Budget Assignment - Student - Protected View Search (Alt+Q) File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW This file has been verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If you H31 X fx =SUM(H8:H29) A B F G 1 H 1 C D SCS Operating Budget for the period Jan - Dec '20 Quarters 2 3 4 Year Marks 2 2 3 4 5 9 Sales residential 10 Total sales 11 12 13 Direct material budget 14 Variable costs commercial 15 costs residential 16 Total variable costs 17 18 19 Labour budget 20 Commercial 21 Residential 22 Total labour 23 24 Fixed Overhead: 25 Receptionist 26 Depreciation 27 Gas 28 Maintenance 29 Total Total 30 31 32 33 34 35 86 37 38 39 40 Cover page Read this first Static Budget Actual Budget Flexible Budget Var Analysis - Static Ready LIUT du stil detected any threats. B8 X & fx A B F H 1 D E SCS Operating results for the period Jan - Dec 20 u A WN Quarters 1 2 4. Year Marks 6 7 Sales budget 8 Sales Commercial 9 Sales residential 10 Total sales 2 11 12 13 Direct material budget 14 Variable costs commercial 15 Variable costs residential 16 Total variable costs 17 18 19 Labour budget 20 Commercial 21 Residential 22 Total labour 23 24 Fixed Overhead: 25 Receptionist 26 Depreciation 27 Gas 28 Maintenance 29 Total 30 31 32 33 34 35 Total 8 36 37 Cover page Read this first Static Budget Actual Budget Flexible Budget Var Analysis Ready H31 VOX fx =SUM(H7:H29) B c D E SCS Flexible budget for the period Jan - Dec '20 F G H van WN Quarters 3 1 2 4 Year Marks 7 Sales budget 8 Sales Commercial 9 Sales residential 10 Total sales 11 12 13 Direct material budget 14 Variable costs commercial 15 Variable costs residential 16 Total variable costs 17 18 19 Labour budget 20 Commercial 21 Residential 22 Total labour 23 24 Fixed Overhead: 25 Receptionist 26 Depreciation 27 Gas 28 Maintenance 29 Total 30 31 32 Total + 33 34 35 36 37 38 20 Actual Budget Flexible Budget Var Analysis - St Cover page Read this first Static Budget * AutoSave Off F21-Budget Assignment - Student - Protected View O Search (Alt+Q) File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW This file has been verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If you need to edit A1 VX fx SCS E F G H SCS Static Budget Variance Actual for the year Static for the year Variance Flexible Budget Variance Flexible for the year Variance U/E Actual for the year 1 2. 3 4 Sales budget 5 Sales Commercial 6 Sales residential 7 Total sales 8 9 10 Direct material budget ariable costs commercial 12 Variable costs residential 13 Total variable costs 14 15 16 Labour budget 17 Commercial 18 Residential 19 Total labour 20 21 Fixed Overhead: 22 Receptionist 23 Depreciation 24 Gas 25 Maintenance 26 Total 27 28 29 30 31 32 33 34 35 36 37 38 Cover page Flexible Budget Actual Budget Var Analysis - Static and Fle Read this first Static Budget Search (Alt+Q) File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW This file has been verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If you need F39 vX fx B D E 1 F G H Direct Materials - Commercial 2. 3 Actual Quantity -AQ 4 Actual Rate -AR 5 Total Actual Quantity -AQ Standard Rate-SR Total Standard Quantity - SQ Standard Rate - SR Total Price Variance 7 8 Quantity Variance Total Variance 9 Direct Materials - Residential 10 11 12 13 14 15 16 17 Actual Quantity -AQ 18 Actual Rate -AR 19 Total 20 21 22 23 24 25 Actual Quantity -AQ Standard Rate -SR Total Standard Quantity - SO Standard Rate - SR Total Price Variance Quantity Variance Total Variance 26 28 29 30 Cover page Read this first Static Budget Actual Budget Flexible Budget Var Analysis - Static and File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW This file has been verified by Microsoft Defender Advanced Threat Protection and it hasn't detected any threats. If F40 V XV fx A B D E H 1 G Labour - Commercial 2 3 Actual Hours -AH 4 Actual Rate -AR 5 Total 6 Actual Hours - AH Standard Rate SR Total Standard Hours - SH Standard Rate - SR Total 7 Rate Variance Efficiency Variance 8 Total Variance 9 10 11 12 33 14 15 Labour - Residential 76 17 Actual Hours -AH 18 Actual Rate -AR 19 Total Actual Hours-AH Standard Rate -SR Total Standard Hours -SH Standard Rate - SR Total Rate Variance Efficiency Variance Total Variance ANNARARNAN Read this first Static Budget Actual Budget Flexible Budget Var Analysis - Static and Flex Ready B2 Quarters D E F G H B C Parameters - budget 1 2 Quarters w 3 Growth % 4 Sales ( hours): 5 Budgeted total sales in hours 6 Budgeted commercial sales in hours 7 Budgeted residential sales in hours 8 Selling rate( $/hr): 9 Selling price per hour (commercial) 10 Selling price per hour (residential) 11 12 Direct labour expense ( $/hr): 13 14 Cleaning Supply usage ( litre / labour hour): 15 Commercial 16 Residential 17 18 Cleaning Supply expense ( $/litre)): 19 20 Fixed overhead: 21 Receptionist 22 Depreciation 23 Gas 24 Maintenance 25 26 27 28 29 30 31 32 33 34 35 36 37 38 K L M N O Parameters - actual Quarters 2 3 4 Year 1 Quarter over quarter change>>> Sales ( hours): Actual total sales Actual sales - commercial Actual sales - residential Selling rate ( $/hr): Actual selling price - commercial Actual sellling price - residential Direct labour expense ( $/hr): Actual Cleaning Supply usage (litre / labour hour): Commercial Residential Actual Cleaning Supply expense ($/litre)): Actual Fixed overhead: Receptionist Depreciation Gas Maintenance Total no. of hours actually paid to employees Breakdown: Commercial Residential Actual hours worked Direct labour cost Unproductive ( unbilled) factor tatic and Flex Material variances Labour variances Input Database Rubric