Please complete part B and C. Using information from part A.

part a.

part b and c.

Objective 1- Prepare fiexible budgets objective Z2: Leam to explain the activity and revenuefspendins variances Lameriawasenaice Larn's tawn Service provides Lawn core in s planned community where ail tawns are approsimately the sarne she. At the end of May. Larry prepared his June budget based en nsowing 500 iavins. Since all of the tawns are similar in wize, Larry felt that the number of lawns mowed in a menth would be the heit way to measure orerall activity for has busineis. vi. Guestions 2. What is the planned net income? What is the actual income? Pikannes is 5,000 ficfeal. Hegro 3. Why is there a difference? Gotr mirte joos. To knowin F = Faverable variance that occurs when actual revenue is greater than budgeted revenue On wiben actual costs are less than budgeted costs. U= Unfavorable variance that occurs when actual couts are greater than budgeted costs: Buestions Duittines