Question 10 (2 points) Is the variable operating expense of Vehicle Expense on budget, by comparing actual vehicle expense to the budgeted vehicle expense? Budget $ 8,500,000 100.00 Actual $ % 650,000 100.00 1,360,000 3,145,000 2,550,000 170,000 7,225,000 1,275,000 16.00 37.00 30.00 2.00 85.00 15.00 104,000 247,000 208,000 13,000 572,000 78,000 16.00 38.00 32.00 2.00 88.00 12.00 1.20 0.60 Earnings Cost of Construction Labor Material Subcontracts Other Direct Cost Total Direct Cost Gross Profit Operating Expense Variable Vehicle Expense Indirect Labor Insurance (W-1-P) Interest (W-1-P) Other Variable Expense Total Variable Expense Fixed Contributions Depreciation (A&T) Depreciation (Building) Insurance (A&T) Interest (A&T) Rent Salaries Other Fixed Expense Total Fixed Expense Total Operating Expense Net Profit (bt) Tax (28%) Net Profit (at) 127,500 51,000 85,000 201,450 17,000 481,950 1.50 0.60 1.00 2.37 0.20 5.67 7,800 3,900 9,750 15,405 1,300 38,155 1.50 2.37 0.20 5.87 0.08 0.92 0.04 0.46 0.26 0.55 6,000 72,000 3,000 34,000 20,000 46,000 345,000 12,000 538,000 1,019,950 255,050 71,414 183,636 0.07 0.85 0.04 0.40 0.24 0.54 4.06 0.14 6.33 12.00 3.00 0.84 500 6,000 250 3,000 1,667 3,600 25,000 1,000 41,017 79.172 -1,172 -328 -844 3.85 0.15 6.31 12.18 -0.18 -0.05 2.16 -0.13 Table 2. Past history for April earnings Year April's Earnings Year's Earnings 2005 $280,000 $4,000,000 2006 $630,000 $7,000,000 2007 $1,120,000 $14,000,000 2008 $800,000 $10,000,000 O A) Yes B) No Question 10 (2 points) Is the variable operating expense of Vehicle Expense on budget, by comparing actual vehicle expense to the budgeted vehicle expense? Budget $ 8,500,000 100.00 Actual $ % 650,000 100.00 1,360,000 3,145,000 2,550,000 170,000 7,225,000 1,275,000 16.00 37.00 30.00 2.00 85.00 15.00 104,000 247,000 208,000 13,000 572,000 78,000 16.00 38.00 32.00 2.00 88.00 12.00 1.20 0.60 Earnings Cost of Construction Labor Material Subcontracts Other Direct Cost Total Direct Cost Gross Profit Operating Expense Variable Vehicle Expense Indirect Labor Insurance (W-1-P) Interest (W-1-P) Other Variable Expense Total Variable Expense Fixed Contributions Depreciation (A&T) Depreciation (Building) Insurance (A&T) Interest (A&T) Rent Salaries Other Fixed Expense Total Fixed Expense Total Operating Expense Net Profit (bt) Tax (28%) Net Profit (at) 127,500 51,000 85,000 201,450 17,000 481,950 1.50 0.60 1.00 2.37 0.20 5.67 7,800 3,900 9,750 15,405 1,300 38,155 1.50 2.37 0.20 5.87 0.08 0.92 0.04 0.46 0.26 0.55 6,000 72,000 3,000 34,000 20,000 46,000 345,000 12,000 538,000 1,019,950 255,050 71,414 183,636 0.07 0.85 0.04 0.40 0.24 0.54 4.06 0.14 6.33 12.00 3.00 0.84 500 6,000 250 3,000 1,667 3,600 25,000 1,000 41,017 79.172 -1,172 -328 -844 3.85 0.15 6.31 12.18 -0.18 -0.05 2.16 -0.13 Table 2. Past history for April earnings Year April's Earnings Year's Earnings 2005 $280,000 $4,000,000 2006 $630,000 $7,000,000 2007 $1,120,000 $14,000,000 2008 $800,000 $10,000,000 O A) Yes B) No
