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please answer I will thumbs up Complete the flexible budget performance report. (Enter the vanances as positive numbers. Label each variance as favorable (F) or
please answer I will thumbs up
Complete the flexible budget performance report. (Enter the vanances as positive numbers. Label each variance as favorable (F) or Joe's Mowing Business Flexible Budget Flexible Master Flexible Budget Performance Report for June Actual Variance Budget Volume Variance Budget Sales volume (number of mowing jobs) 160 OF 160 100 F 60 $ 1.440 144 $ 1 240 900 Operating expenses Vanable operating expenses ($10 per job) Fixed operating expenses (5500 per month) SIS 375 500 500 llllll $ 1,815 S 1.740 1.400 Total operating expenses - Data table Flexible Budget Flexible Volume Master Variance Budget Variance Budget 160 60 Joe's Mowing Business Flexible Budget Performance Report for June Actual 2 Sales volume (number of mowing jobs) 160 3 Operating expenses: 4 Variable operating expenses ($10 per job) $ 1.440 Fixed operating expenses ($500 per month) 375 $ 1.240 S 900 5 500 500 6 Total operating expenses $ 1,815 $ 1.740 | 1,400 Requirements 1. What is the volume variance for total operating expenses? Favorable or untavorable 21 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 unfavorable Step by Step Solution
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