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plz ans it fast RCLUume MG SULGMICIL Winnipeg Manitoba Companywide $ 148.300 | 9 1,642,000||$ 4.300.000 Revenue Expenses: Region manager/headquarters office $ - $ 55.000||$
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RCLUume MG SULGMICIL Winnipeg Manitoba Companywide $ 148.300 | 9 1,642,000||$ 4.300.000 Revenue Expenses: Region manager/headquarters office $ - $ 55.000||$ 110,000 Cost of materials 81,700 871.000 1807,000 38.400 415 700 1,123,000 Salary expense Depreciation expense Utilities expense 7,300 91000 439.000 100 46.300 261.000 Rent expense 2.700 34 800 1134 200 1,513,800 3.9 16.000 Total expenses S 14 100||$ 128.200 $ 384 000 Operating income Budgeted amounts for July were as follows: Winnipeg Manitoba Companywide 162,300||$ 1.768,000||$ 4,550,000 Revenue Expenses Region manager/headquarters office 60.600 $ 112,000 Cost of materials 86 200 963,400 1,971.000 38.800 442,500 1.093,000 Salary expense Depreciation expense BOON 87.700 446,000 Utilities expense 1600 54.900 275,000 173.000 3.900 32,700 Rent expense 140.700 1.641 800 4070.000 Total expenses 81.700 446.000 Utilities expense 275.000 4.500 3.900 54.900 32,700 Rent expense 173.000 Total expenses 140.700 1 641 800 4,070.000 es 21.600|| S 126.200||$ Operating income 480,000 Pet World operates a chain of pet stores in the Prairies. The manager of each store reports to the regional manager, who, in turn, reports to headquarters in Regina. The actual income statements for the Winnipeg store, the Manitoba region (including the Winnipeg store), and the company as a whole (including the Manitoba region) for July are as follows (Click the icon to view the actual income statements.) Click the icon to view the budgeted income statements.) Requirements 1. Prepare a report for July that shows the performance of the Winnipeg store, the Manitoba region, and the company as a whole 2. As the Manitoba region manager, would you investigate the Winnipeg store on the basis of this report? Why or why not? 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report. Requirement 1. Prepare a report that shows the performance of the Winnipeg store, the Manitoba region and the company as a whole We will begin with the company as a whole. (Use parentheses or a minus sign when entering the headquarters' expense and any unfavourable variances.) Pet World Responsibility Accounting Performance Report July Companywide Variance Favourable (Unfavourable) Operating Income of Regions and Headquarters' Office Expense Actual Budget - 112000 - 110000 2000 office expense 1. Prepare a report for July that shows the performance of the Winnipeg store, the Manitoba region, and the company as a whole. 2. As the Manitoba region manager, would you investigate the Winnipeg store on the basis of this report? Why or why not? 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report . July Companywide Operating Income of Regions and Headquarters' Office Expense Headquarters' office expense Manitoba Actual Budget -112000 Variance Favourable (Unfavourable) 2000 -110000 Stores in other regions Operating income Now prepare the report that shows the performance of the Manitoba region. (Use parentheses or a minus sign when entering the region manager's expense and any unfavourable variances.) Manitoba WRC Now prepare the report that shows the performance of the Manitoba region. (Use parentheses or a minus sign when entering the region manager's expense and any unfavourable variances.) Manitoba Operating Income of Stores and Region Manager's Office Expense Region manager's office expense Winnipeg Variance Favourable (Unfavourable) Actual Budget Other Manitoba stores Operating income Finally, show the performance of the Winnipeg store. (For variances with a zero balance, make sure to enter "O" in the appropriate cell. Use parentheses or a minus sign when entering any unfavour BE Finally, show the performance of the Winnipeg store. (For variances with a zero balance, make sure to enter "O" in the appropriate cell. Use parentheses or a minus sign when entering any unfavourable variances.) Winnipeg Variance Favourable (Unfavourable) Revenues and Expenses: Actual Budget Revenue Expenses Cost of materials Salary expense Depreciation expense Utilities expense legion, and the company as a whole. you investigate the Winnipeg store on the basis of this report? Why or why not? 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report Utilities expense Rent expense Total expenses EES Operating income Requirement 2. As the Manitoba region manager, would you investigate the Winnipeg store on the basis of this report? Why or why not? (Enter all amounts as positive. Round percentages to two decimal places, X.XX%.) As region manager of the Manitoba region, you investigate the Winnipeg office on the basis of this report. Its operating income variance of $, which is difference is investigating. The company afford to keep operating marginally profitable stores .is % of its budgeted income This Requirement 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report. Budgeting plan. The various levels of Pet World's management their operations to develop the detailed budgets in the performance report le via obar region, and the company as a whole. 2. As the Manitoba region manager, would you investigate the Winnipeg store on the basis of this report? Why or why not? 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report EM difference is investigating. The company afford to keep operating marginally profitable stores, Requirement 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report. Budgeting plan. The various levels of Pet World's management their operations to develop the detailed budgets in the performance report V from the company headquarters to region managers, and from region managers to store Budgeting V coordination and communication. The budgets of the performance report communicate managers and their staff. Budgets also help managers V activities across the company's operations. Budgeting helps managers evaluate The budget versus actual comparisons in the report are better indicators of V than current period actual amounts versus past period actual amounts V to meet their budgets if budgets are the benchmark for measuring Budgeting also performance, and if The Winnipeg store, other Manitoba stores stores in other regions and the headquarters will be V accept the budgets as fair V participation in the budgeting process helps ensure acceptance. RCLUume MG SULGMICIL Winnipeg Manitoba Companywide $ 148.300 | 9 1,642,000||$ 4.300.000 Revenue Expenses: Region manager/headquarters office $ - $ 55.000||$ 110,000 Cost of materials 81,700 871.000 1807,000 38.400 415 700 1,123,000 Salary expense Depreciation expense Utilities expense 7,300 91000 439.000 100 46.300 261.000 Rent expense 2.700 34 800 1134 200 1,513,800 3.9 16.000 Total expenses S 14 100||$ 128.200 $ 384 000 Operating income Budgeted amounts for July were as follows: Winnipeg Manitoba Companywide 162,300||$ 1.768,000||$ 4,550,000 Revenue Expenses Region manager/headquarters office 60.600 $ 112,000 Cost of materials 86 200 963,400 1,971.000 38.800 442,500 1.093,000 Salary expense Depreciation expense BOON 87.700 446,000 Utilities expense 1600 54.900 275,000 173.000 3.900 32,700 Rent expense 140.700 1.641 800 4070.000 Total expenses 81.700 446.000 Utilities expense 275.000 4.500 3.900 54.900 32,700 Rent expense 173.000 Total expenses 140.700 1 641 800 4,070.000 es 21.600|| S 126.200||$ Operating income 480,000 Pet World operates a chain of pet stores in the Prairies. The manager of each store reports to the regional manager, who, in turn, reports to headquarters in Regina. The actual income statements for the Winnipeg store, the Manitoba region (including the Winnipeg store), and the company as a whole (including the Manitoba region) for July are as follows (Click the icon to view the actual income statements.) Click the icon to view the budgeted income statements.) Requirements 1. Prepare a report for July that shows the performance of the Winnipeg store, the Manitoba region, and the company as a whole 2. As the Manitoba region manager, would you investigate the Winnipeg store on the basis of this report? Why or why not? 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report. Requirement 1. Prepare a report that shows the performance of the Winnipeg store, the Manitoba region and the company as a whole We will begin with the company as a whole. (Use parentheses or a minus sign when entering the headquarters' expense and any unfavourable variances.) Pet World Responsibility Accounting Performance Report July Companywide Variance Favourable (Unfavourable) Operating Income of Regions and Headquarters' Office Expense Actual Budget - 112000 - 110000 2000 office expense 1. Prepare a report for July that shows the performance of the Winnipeg store, the Manitoba region, and the company as a whole. 2. As the Manitoba region manager, would you investigate the Winnipeg store on the basis of this report? Why or why not? 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report . July Companywide Operating Income of Regions and Headquarters' Office Expense Headquarters' office expense Manitoba Actual Budget -112000 Variance Favourable (Unfavourable) 2000 -110000 Stores in other regions Operating income Now prepare the report that shows the performance of the Manitoba region. (Use parentheses or a minus sign when entering the region manager's expense and any unfavourable variances.) Manitoba WRC Now prepare the report that shows the performance of the Manitoba region. (Use parentheses or a minus sign when entering the region manager's expense and any unfavourable variances.) Manitoba Operating Income of Stores and Region Manager's Office Expense Region manager's office expense Winnipeg Variance Favourable (Unfavourable) Actual Budget Other Manitoba stores Operating income Finally, show the performance of the Winnipeg store. (For variances with a zero balance, make sure to enter "O" in the appropriate cell. Use parentheses or a minus sign when entering any unfavour BE Finally, show the performance of the Winnipeg store. (For variances with a zero balance, make sure to enter "O" in the appropriate cell. Use parentheses or a minus sign when entering any unfavourable variances.) Winnipeg Variance Favourable (Unfavourable) Revenues and Expenses: Actual Budget Revenue Expenses Cost of materials Salary expense Depreciation expense Utilities expense legion, and the company as a whole. you investigate the Winnipeg store on the basis of this report? Why or why not? 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report Utilities expense Rent expense Total expenses EES Operating income Requirement 2. As the Manitoba region manager, would you investigate the Winnipeg store on the basis of this report? Why or why not? (Enter all amounts as positive. Round percentages to two decimal places, X.XX%.) As region manager of the Manitoba region, you investigate the Winnipeg office on the basis of this report. Its operating income variance of $, which is difference is investigating. The company afford to keep operating marginally profitable stores .is % of its budgeted income This Requirement 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report. Budgeting plan. The various levels of Pet World's management their operations to develop the detailed budgets in the performance report le via obar region, and the company as a whole. 2. As the Manitoba region manager, would you investigate the Winnipeg store on the basis of this report? Why or why not? 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report EM difference is investigating. The company afford to keep operating marginally profitable stores, Requirement 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report. Budgeting plan. The various levels of Pet World's management their operations to develop the detailed budgets in the performance report V from the company headquarters to region managers, and from region managers to store Budgeting V coordination and communication. The budgets of the performance report communicate managers and their staff. Budgets also help managers V activities across the company's operations. Budgeting helps managers evaluate The budget versus actual comparisons in the report are better indicators of V than current period actual amounts versus past period actual amounts V to meet their budgets if budgets are the benchmark for measuring Budgeting also performance, and if The Winnipeg store, other Manitoba stores stores in other regions and the headquarters will be V accept the budgets as fair V participation in the budgeting process helps ensure acceptanceStep by Step Solution
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