3 ich Corporation used customer served as its mesure of activity. The following report compares the planning budget to the actual Decating suits for the month of November 15.13 Bel Corporati Comparison of Actual teutts to Pin et For the month Ented November 10 Actual Results in Budget Vares Customs 25.10 et (1) $19.00 $ 51804 de salaries ($11.) 41.700 4.1 F Slies (0.500 13,000 13.300 1.500 Tere 6,400 6.500 10 Nene las 55,100 $0.40) Total 12,200 16.900 3.400 80200 29.700 0.00 Netting the 57.100 11.00 12.00 Required Prepare the company's exible budget performance report for Novembet label och variance as favorable (F) or unfavorable indieate the effect of each variance by selecting for favorable. "U" for unfavorable, and "None" for no effect. rero variance Input all amounts as positive values.) Michel Corporation Budget Performance Report Furth december 30 Actual Revenue and digible audant Activity Varios Pun 25.120 25.30 250 be Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November 40 Variances 55,100 u Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Customers served 25,120 25,800 Revenue (53.600) $ 89,700 $ 93,200 Expenses Wages and salaries ($23,000+ $1.209) 49,700 54,600 Supplies ($0.500) 13,800 13,300 Insurance ($ 6,500) 6,400 5,500 Piscellaneous expense (55,300 $0.404) 12,700 16,900 Total expense 80.200 89.700 Net operating income $7.100 $ 5,900 4,100 1,300 100 None 3,400 6,300 $ 2,000 Required: Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (U). Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance), input all amounts as positive values.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 25,120 25,120 25,800 Customer served Revenue Expenses Wages and sales Supplies Insurance Miscellaneous expense Total expense $ 89,700 $ 93,200 $ 5,100 U Revenue (53.689) Expenses Wages and salaries ($23,000 - $1.209) Supplies (50.509) Insurance ($ 6,500) Miscellaneous expense (55, 30e + $0.40) Total expense Net operating income 49,700 13,800 6,40e 12,78e 80,200 $ 7,100 54,600 13,300 6,500 16,909 89,700 $ 5,900 4,108 F 1,3ee u 100 None 3,400 F 6,300 F $ 2,eee F Required: Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (U) (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 25,120 25.120 25,800 Customers served Revenue Expenses Wages and salarios Supplies Insurance Miscellaneous exponse Total expense Net operating income 3 ich Corporation used customer served as its mesure of activity. The following report compares the planning budget to the actual Decating suits for the month of November 15.13 Bel Corporati Comparison of Actual teutts to Pin et For the month Ented November 10 Actual Results in Budget Vares Customs 25.10 et (1) $19.00 $ 51804 de salaries ($11.) 41.700 4.1 F Slies (0.500 13,000 13.300 1.500 Tere 6,400 6.500 10 Nene las 55,100 $0.40) Total 12,200 16.900 3.400 80200 29.700 0.00 Netting the 57.100 11.00 12.00 Required Prepare the company's exible budget performance report for Novembet label och variance as favorable (F) or unfavorable indieate the effect of each variance by selecting for favorable. "U" for unfavorable, and "None" for no effect. rero variance Input all amounts as positive values.) Michel Corporation Budget Performance Report Furth december 30 Actual Revenue and digible audant Activity Varios Pun 25.120 25.30 250 be Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November 40 Variances 55,100 u Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Customers served 25,120 25,800 Revenue (53.600) $ 89,700 $ 93,200 Expenses Wages and salaries ($23,000+ $1.209) 49,700 54,600 Supplies ($0.500) 13,800 13,300 Insurance ($ 6,500) 6,400 5,500 Piscellaneous expense (55,300 $0.404) 12,700 16,900 Total expense 80.200 89.700 Net operating income $7.100 $ 5,900 4,100 1,300 100 None 3,400 6,300 $ 2,000 Required: Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (U). Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance), input all amounts as positive values.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 25,120 25,120 25,800 Customer served Revenue Expenses Wages and sales Supplies Insurance Miscellaneous expense Total expense $ 89,700 $ 93,200 $ 5,100 U Revenue (53.689) Expenses Wages and salaries ($23,000 - $1.209) Supplies (50.509) Insurance ($ 6,500) Miscellaneous expense (55, 30e + $0.40) Total expense Net operating income 49,700 13,800 6,40e 12,78e 80,200 $ 7,100 54,600 13,300 6,500 16,909 89,700 $ 5,900 4,108 F 1,3ee u 100 None 3,400 F 6,300 F $ 2,eee F Required: Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (U) (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 25,120 25.120 25,800 Customers served Revenue Expenses Wages and salarios Supplies Insurance Miscellaneous exponse Total expense Net operating income
