Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

'v'oytek Corporation bases its budgets on the activity measure customers served. During October, the company planned to serve 46,000 customers. but actually served 41000 customers.

image text in transcribedimage text in transcribed
'v'oytek Corporation bases its budgets on the activity measure customers served. During October, the company planned to serve 46,000 customers. but actually served 41000 customers. The company has provided the following data concerning the formulas it uses in its budgeting: Fixed element Variable element per month per customer Revenue $3.34 Wages and salaries $33,000 5'; 1.31 Supplies 95 0 $ 0.51 Insurance 5'; 3,500 $0.00 Miscellaneous 5'; 3,000 $ 0.51 Required: Prepare the report showing the company's activity variances for October: Indicate in each case whether the variance is favorable [F] or unfavorable {U}. {Input all amounts as positive values. Leave no cells blank - be certain to enter "0\" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U\" for unfavorable, and \"None" for no effect He. zero variance}. Dmit the \"5" sign in your response-.1 Voytek Corporation Activity 1vlariances For the Month Ended October 31 Revenue 5: {Click to select] v Required: Prepare the report showing the company's activity variances for October. Indicate in each case whether the variance is favorable (F) or unfavorable (U). (Input all amounts as positive values. Leave no cells blank - be certain to enter "O" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.) Voytek Corporation Activity Variances For the Month Ended October 31 Revenue $ (Click to select) v Expenses: Wages and salaries (Click to select) Supplies (Click to select) Insurance (Click to select) Miscellaneous (Click to select) Total expense (Click to select) Net operating income $ (Click to select)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Detecting Accounting Fraud Analysis And Ethics

Authors: Cecil Jackson

1st Edition

0133078604, 9780133078602

More Books

Students also viewed these Accounting questions

Question

Show that for an ideal gas cp = cv + R u.

Answered: 1 week ago

Question

What is meant by planning or define planning?

Answered: 1 week ago

Question

Define span of management or define span of control ?

Answered: 1 week ago

Question

What is meant by formal organisation ?

Answered: 1 week ago

Question

What is meant by staff authority ?

Answered: 1 week ago

Question

Self-awareness is linked to the businesss results.

Answered: 1 week ago

Question

1. Too reflect on self-management

Answered: 1 week ago

Question

Food supply

Answered: 1 week ago