Score: 0 of 1 pt 5 of 10 (8 complete) HW Score: 34.21%, 3 Questio FAM8-A1 (similar to) Orzo Transportation Company's general manager reports quarterly to the company president on the firm's operating performance. The company uses a budget based on detailed expectations for the forthcoming quarter. The general manager has just received the condensed quarterly performance report shown below. (Click the icon to view the quarterly performance report) Although the general manager was upset about not obtaining enough she was happy that her cost performance was favorable; otherwise, income would be even worse. The president was not satisfied with the performance report and remarked, "I can see some merit in comparin performance with budgeted performance because we can see whethe revenue coincided with our best guess for budget purposes. But I can this performance report helps me evaluate cost-control performance." Read the requirements Requirement 1. Prepare a columnar etible budget for Orzo Transportation at revenue levels of $15,550,000, 516,000,000, and $16,450,000. Assume tha and mix of products sold are equal to the budgeted prices and mix. Begin with the flexible budget at revenues of $15,550,000, next, complete the flexible budget at revenues of $16,000,000 and, then, prepare the flexible buc revenues of $16,450,000. (Enter all costs as positive numbers.) Orzo Transportation Company Flexible Budgets for Various Levels of Sales Net revenue $ 15,550,000 Variable Costs Fuel Repairs and maintenance Supplies and miscellaneous Variable payroll Enter any number in the edit fields, then click Check Answer. 6 parts remaining Clear All Check Answer 28 w MacBook Air F5 F6 F7 F8 FO FIO Data Table Net revenue $ 16,000,000 $ 15,700,000 $ 300,000 u $ 314,000 $ Variable Costs Fuel Repairs and maintenance Supplies and miscellaneous Variable payroll Total variable costs Fixed Costs Supervision 320,000 $ 160,000 1,760,000 8,960,000 0 163,000 1,746,000 8,840,000 6,000 F 3,000 U 14,000 F 120,000 F 137,000 are $ 11,200,000 $ 11,063,000 $ $ 183,000 $ 23,000 U 160,000 $ 195,000 Rent 195,000 440,000 186,000 Depreciation Other fixed costs Total fixed costs 440,000 190,000 4,000 F 985,000 1,004,000 19,000 U $ 12,185,000 $ 12,067,000 $ 118,000 Total fixed and variable costs F $ 3,815,000 $ 3,633,000 $ 182,000 Operating income Print Done Check 28 ? MacBook Air Score: 0 of 1 pt 5 of 10 (8 complete) HW Score: 34.21%, 3 Questio FAM8-A1 (similar to) Orzo Transportation Company's general manager reports quarterly to the company president on the firm's operating performance. The company uses a budget based on detailed expectations for the forthcoming quarter. The general manager has just received the condensed quarterly performance report shown below. (Click the icon to view the quarterly performance report) Although the general manager was upset about not obtaining enough she was happy that her cost performance was favorable; otherwise, income would be even worse. The president was not satisfied with the performance report and remarked, "I can see some merit in comparin performance with budgeted performance because we can see whethe revenue coincided with our best guess for budget purposes. But I can this performance report helps me evaluate cost-control performance." Read the requirements Requirement 1. Prepare a columnar etible budget for Orzo Transportation at revenue levels of $15,550,000, 516,000,000, and $16,450,000. Assume tha and mix of products sold are equal to the budgeted prices and mix. Begin with the flexible budget at revenues of $15,550,000, next, complete the flexible budget at revenues of $16,000,000 and, then, prepare the flexible buc revenues of $16,450,000. (Enter all costs as positive numbers.) Orzo Transportation Company Flexible Budgets for Various Levels of Sales Net revenue $ 15,550,000 Variable Costs Fuel Repairs and maintenance Supplies and miscellaneous Variable payroll Enter any number in the edit fields, then click Check Answer. 6 parts remaining Clear All Check Answer 28 w MacBook Air F5 F6 F7 F8 FO FIO Data Table Net revenue $ 16,000,000 $ 15,700,000 $ 300,000 u $ 314,000 $ Variable Costs Fuel Repairs and maintenance Supplies and miscellaneous Variable payroll Total variable costs Fixed Costs Supervision 320,000 $ 160,000 1,760,000 8,960,000 0 163,000 1,746,000 8,840,000 6,000 F 3,000 U 14,000 F 120,000 F 137,000 are $ 11,200,000 $ 11,063,000 $ $ 183,000 $ 23,000 U 160,000 $ 195,000 Rent 195,000 440,000 186,000 Depreciation Other fixed costs Total fixed costs 440,000 190,000 4,000 F 985,000 1,004,000 19,000 U $ 12,185,000 $ 12,067,000 $ 118,000 Total fixed and variable costs F $ 3,815,000 $ 3,633,000 $ 182,000 Operating income Print Done Check 28 ? MacBook Air