University of the People X #. BUS 3301 - AY2021-T1: x Course Hero X C Question 5 (1 Point) Wh x Q PHIL 1402 - AY2020-12 X * PHIL 1402 UNIT 6 WRIT X + X - C my.uopeople.edu/mod/forum/discuss.php?d=374110 A i Apps M Gmail @ YouTube PV Maps W/ Myers-Briggs Type l... 4 e Get Transcript | Inte.. E Prepare a "flexible budget" based upon a 96% occupancy rate, and identify whether the Inn is being efficiently or inefficiently run. Comment on specific costs, and note why a flexible budget can improve performance evaluations. An example of the first line of the budget is provided below: Actual Budget Variance Utilities $52,000 $54,000 $2,000 under budget Actual is already at 96% capacity The budget was 45,000 assuming 80% capacity. To convert to 96% capacity: 45,000 divide by 0.8 = 56,250 (representing 100% capacity) X > 0.96 = 54,000 216 words Permalink Reply Subject (hidden) Wednesday, 2 September 2020, 10:13 AM This post cannot be viewed by you, probably because you have not posted in the discussion, the maximum editing time hasn't passed yet, the discussion has not started or the discussion has expired. 33 words Type here to search O O 9 W 9:50 PM 10/19/2020University of the People X #. BUS 3301 - AY2021-T1: x * Course Hero X C Question 5 (1 Point) Wh x Q PHIL 1402 - AY2020-12 X PHIL 1402 UNIT 6 WRIT X + X C my.uopeople.edu/mod/forum/discuss.php?d=374110 A it Apps M Gmail @ YouTube PV Maps W Myers-Briggs Type l... # e Get Transcript | Inte... E University Inn's most recent monthly expense analysis report revealed significant cost overruns. The manager was asked to explain the deviations. Below is the "budget v. actual" expense report for the month in question. University Inn Budget v. Actual Expense Report For the Month Ending October 31, 2007 Actual (at 96% capacity) Budget (established at 80% Variance capacity) Utilities $ 52,000 $ 45,000 $ (7,000) Laundry 20,000 18,000 (2,000) Food service 41,000 35,000 (6,000) Rent/taxes 60,000 60,000 Staff wages 57,000 55,000 (2,000) Management salaries 43,500 45,000 1,500 Water 13,000 10,000 3,000) Maintenance 15,200 15,000 200 $ 301,700 $ 283,000 $ (18,700) The Inn has observed that utilities, water, food service, staff wages, and laundry costs all vary with activity. The other costs are fixed. The budget reflected above was based upon an assumed 80% occupancy rate. The university's football team was on a winning streak and numerous alumni were returning to campus in October, resulting in a 96% occupancy rate during the month. Prepare a "flexible budget" based upon a 96% occupancy rate and identify whether the Inn is being efficiently or inefficiently run Type here to search O gi 9 W 9:50 PM 10/19/2020
