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plzz ans fast Pet World operates a chain of pet stores in the Prairies. The manager of each store reports to the regional manager, who,
plzz ans fast
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) 2000 Operating Income of Regions and Headquarters Office Expense Headquarters' office expense Actual Budget - 112000 10000 Manitoba He actual income statements for gion for July are as follows: 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 Responsibility Accounting Performance Report July Companywide Operating Income of Regions and Headquarters' Office Expense Actual Budget -112000 Variance Favourable (Unfavourable) 2000 Headquarters' office expense - 110000 Manitoba 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.) 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 Variance Favourable (Unfavourable) Actual Budget Operating Income of Stores and Region Manager's Office Expense Region manager's office expense Winnipeg Other Manitoba stores Operating income Finally, show the performance of the Winnipeg store. (For variances with a zero balance, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign when entering any unfavourable on Pet World's performance report y or why not? Finally, show the performance of the Winnipeg store. (For variances with a zero balance, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign when entering any unfavourable variances.) US Winnipeg Revenues and Expenses: Actual Variance Favourable (Unfavourable) Budget Revenue Expenses Cost of materials Salary expense Depreciation expense Utilities expense 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 Utilities expense HER Rent expense Total expenses 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, XXX%.) vis As region manager of the Manitoba region, you investigate the Winnipeg office on the basis of this report. Its operating income variance of $ 1 which is difference is investigating. The company afford to keep operating marginally profitable stores % of its budgeted income. This Requirement 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report Budgeting v plan. The various levels of Pet World's management their operations to develop the detailed budgets in the performance report Mpeg 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 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 V their operations to develop the detailed budgets in the performance report. Budgeting y 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. from the company headquarters to region managers, and from region managers to store Budgeting helps managers evaluate The budget versus actual comparisons in the report are better indicators of than current period actual amounts versus past period actual amounts V to meet their budgets if budgets are the benchmark for measurin Budgeting also performance, and if The Winnipeg store, other Manitoba stores, stores in other regions, and the headquarters will be accept the budgets as fair participation in the budgeting process helps ensure acceptance. 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) 2000 Operating Income of Regions and Headquarters Office Expense Headquarters' office expense Actual Budget - 112000 10000 Manitoba He actual income statements for gion for July are as follows: 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 Responsibility Accounting Performance Report July Companywide Operating Income of Regions and Headquarters' Office Expense Actual Budget -112000 Variance Favourable (Unfavourable) 2000 Headquarters' office expense - 110000 Manitoba 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.) 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 Variance Favourable (Unfavourable) Actual Budget Operating Income of Stores and Region Manager's Office Expense Region manager's office expense Winnipeg Other Manitoba stores Operating income Finally, show the performance of the Winnipeg store. (For variances with a zero balance, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign when entering any unfavourable on Pet World's performance report y or why not? Finally, show the performance of the Winnipeg store. (For variances with a zero balance, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign when entering any unfavourable variances.) US Winnipeg Revenues and Expenses: Actual Variance Favourable (Unfavourable) Budget Revenue Expenses Cost of materials Salary expense Depreciation expense Utilities expense 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 Utilities expense HER Rent expense Total expenses 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, XXX%.) vis As region manager of the Manitoba region, you investigate the Winnipeg office on the basis of this report. Its operating income variance of $ 1 which is difference is investigating. The company afford to keep operating marginally profitable stores % of its budgeted income. This Requirement 3. Briefly discuss the benefits of budgeting. Base your discussion on Pet World's performance report Budgeting v plan. The various levels of Pet World's management their operations to develop the detailed budgets in the performance report Mpeg 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 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 V their operations to develop the detailed budgets in the performance report. Budgeting y 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. from the company headquarters to region managers, and from region managers to store Budgeting helps managers evaluate The budget versus actual comparisons in the report are better indicators of than current period actual amounts versus past period actual amounts V to meet their budgets if budgets are the benchmark for measurin Budgeting also performance, and if The Winnipeg store, other Manitoba stores, stores in other regions, and the headquarters will be accept the budgets as fair participation in the budgeting process helps ensure acceptanceStep by Step Solution
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