points Exchange Corp. is a company that acts as a factor in tax.favored real estate swaps. Such swaps, know as 1001 exchanges per participants to avoid some or all of the capital gains taxes that would otherwise be due. The bookeeper for the company has been asked to prepare a report for the company to help its owner manager analyze performance. The first such report appears below Analysis of events and costs For the Harded May 11 Budget Exchanges completed and costs Variances 25 16 5 710 Legal and search fees 257 225 235 250 327 SF 15 F 75 19 Total expense Netsperti Note that the revenues and costs in the above report are un revenues and costs. For example, the average office expense is 5257 per exchange completed on the planning budget whereas the average actual office expense is $225 per exchange completed Legal and search fees is a variable cost office expenses is a mud cost and equipment depreciation, rent and insurance are feed costs. In the planning budget, the feed component of office expenses was $5.050. All of the company's revenues come from fees collected when an exchange is completed Required: 1. is the report prepared by the bookkeeper useful as a performance report 2. Complete the performance report that would help the owner manager assess the performance of the company in May Complete this question by entering your answers in the tabs below. Legal and search fees office expenses Equipment depreciation Rent Insurance Total expense Net operating income 257 225 25 75 15 597 235 257 30 99 18 630 32 F 5 F 15 F 3 F 33 F 22.37 points $ 38 $ 80 $42 U eBook Note that the revenues and costs in the above report are unit revenues ar per exchange completed on the planning budget; whereas, the average a Print Legal and search fees is a variable cost; office expenses is a mixed cost, a costs. In the planning budget, the fixed component of office expenses was All of the company's revenues come from fees collected when an exchang References Required: 1. Is the report prepared by the bookkeeper useful as a performance report 2. Complete the performance report that would help the owner/manager as Complete this question by entering your answers in the tabs below. Required 1 Required 2 Is the report prepared by the bookkeeper useful as a performance report? OYes ONO Required 2 Chapter 9 Homework Saved 2. Complete the performance report that would help the owner manager assess the performance of the company in May. Complete this question by entering your answers in the tabs below. 2237 pos Required Required 2 Complete the performance report that would help the owner/manager assess the performance of the company in May. (Indicate the effect of variance by selecting it for favorable, 'U' for unfavorable, and "None' for no effect ( zero variance). Input all amounts as positive values eBook Print Exchange Corp Flexible Bodet Performance Report For the Month Ended May 31 Flexible Budget Actual Results References Planning Budget Exchanges completed Revenue Expenses Legal and search fees Office expenses Equipment depreciation Rent Insurance Total expense Net operating income (Required 1
