W21- Budget Assignment - Student [Read-Only] - Excel Sidharth Chandrasekharan SC X File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do Share Cut - 11 - A A = AutoSum ~ Calibri de Wrap Text General EX AY O Copy Fill Paste Merge & Center ~ % " Conditional Format as Cell Insert Delete Format Sort & Find & Format Painter E Formatting " Table " Styles Clear Filter ~ Select ~ Clipboard Font Alignment Number Styles Cells Editing A1 XVfx Parameters - budget A B C D E G HI K M N O Parameters - budget Parameters - actual IN - Quarters Quarters Growth % 1 3 4 Year 2 3 4 Year Quarter over quarter 4 Sales ( hours): Sales ( hours): change> > > 5 Budgeted total sales in hours Actual total sales 6 Budgeted commercial sales in hours Actual sales - commercial 7 Budgeted residential sales in hours Actual sales - residential 8 Selling rate( $/hr): Selling rate ( $/hr): 9 Selling price per hour (commercial) Actual selling price - commercial 10 Selling price per hour (residential) Actual sellling price - residential 11 12 Direct labour expense ( $/hr): Direct labour expense ( $/hr): 13 14 Cleaning Supply usage ( litre / labour hour): Actual Cleaning Supply usage ( litre / labour hour): 15 Commercial Commercial 16 Residential Residential 17 18 Cleaning Supply expense ( $/litre)): Actual Cleaning Supply expense ( $/litre)): 19 20 Fixed overhead: Actual Fixed overhead: 21 Receptionist Receptionist 22 Depreciation Depreciation 23 Gas Gas 24 Office Supplies Office Suppli 25 26 Total no. of hours actually paid to employees 27 Breakdown: 28 Commercial ... Flexible Budget Var Analysis - Static and Flex Material variances Labour variances Input Database Rubric + 100% Ready 19:38 Type here to search O 22 C ~ 9 0 0 74) ENG 16-07-2021as Gas ffice Supplies Office Supplies Total no. of hours actually paid to employees Breakdown: Commercial Residential Actual hours worked Direct labour cost Unproductive ( unbilled ) factorA1 X V A B C D E F G H SUPER CLEAN Operating Budget for the period Jan - Dec '18 W N Quarters 2 3 4 Year Marks 12 13 Direct material budget 14 Variable costs commercial 2 15 Variable costs residential 16 Total variable costs 17 18 19 Labour budget 20 Commercial 2 21 Residential 22 Total labour 23 24 Fixed Overhead: 25 Receptionist 2 26 Depreciation 27 Gas 28 Office Supplies 29 Total 30 31 Total 8 32A1 X V fx Super Clean Inc A B C D E F G H J K L M N Super Clean Inc Static Budget Variance Flexible Budget Variance Marks Actual for the year Static for the year Variance U/ F Actual for the year Flexible for the year Variance U/ F 4 Sales budget Sales Commercial F HP 6 Sales residential H Total sales 0 Direct material budget 1 Variable costs commercial 2 Variable costs residential HHH 3 Total variable costs 14 5 6 Labour budget 17 Commercial 8 Residential 9 Total labour 1 Fixed Overhead: 22 Receptionist Depreciation 4 Gas 5 Office Supplies 26 Total 27 8 Total 14 Cover page Read this first Static Budget Actual Budget Flexible Budget Var Analysis - Static and Flex +A B C D E F G H K L M N O P Direct Materials - Commercial Marks Actual Quantity -AQ Actual Quantity -AQ Standard Quantity - SQ Actual Rate -AR Standard Rate -SR Standard Rate - SR Total Total Total W Price Variance Quantity Variance Total Variance Explanation for Quantity variance: Explanation for price variance: Direct Materials - Residential Actual Quantity -AQ Actual Quantity -AQ Standard Quantity - SQ. Actual Rate -AR Standard Rate -SR Standard Rate - SR Total Total Total W Price Variance Quantity Variance 2 Total Variance ... Actual Budget Flexible Budget Var Analysis - Static and Flex Material variances Labour variances Input Dat ... +Explanation for Quantity variance: Explanation for price variance: 1 Total 16A B C D E F G H J K L M N Labour - Commercial Marks Actual Hours - AH Actual Hours - AH Standard Hours - SH Actual Rate -AR Standard Rate -SR Standard Rate - SR Total Total Total 3 Rate Variance Efficiency Variance Total Variance Explanation for Efficiency variance: 1 Explanation for rate variance: 1 Labour - Residential Actual Hours - AH Actual Hours - AH Standard Hours - SH Actual Rate -AR Standard Rate -SR Standard Rate - SR Total Total Total W Rate Variance Efficiency Variance 2 Total Variance 1 ... Flexible Budget Var Analysis - Static and Flex Material variances Labour variances Input Database Rubric +0 1 Explanation for Efficiency variance: W Explanation for rate variance: 1 Total 16 CO ... Flexible Budget Var Analysis - Static and Flex Material variances Labour variances Input Database Rubric (+)File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do & Cut Calibri 11 A A al Wrap Text General En Copy Paste B U Merge & Center 9% 00 Conditional Format as Format Painter Formatting Table * Sty Clipboard Font Alignment Number Styles A2 X v fx Instructions for students A B C D E F G H 1 K Instructions for students 1. Instructions on how to proceed with this assignment are provided in the pdf document : 'Case - version one/two/three/four/five). 7 2. Read the instructions carefully and proceed in the sequence indicated in the Word document. 3. Ensure that there are no plugged values in cells. Only cell references to be used. 10 1 4. Upon completion, upload this workbook and the 'Memo to CEO' , to the designated folder in eConestoga. 12 13 5. If you have questions, reach out to your Professor. 14 15 16 17 18 25 26 27 Cover page Read this first Static Budget Actual Budget Flexible Budget Var Analysis - Static and Flex ... +X Y fx A B C D E F G H SUPER CLEAN Operating results for the period Jan - Dec '18 Quarters 1 2 3 4 Year Marks Direct material budget Variable costs commercial 2 Variable costs residential Total variable costs Labour budget Commercial 2 Residential Total labour Fixed Overhead: Receptionist 2 Depreciation Gas Office Supplies Total Total 8 Cover page Read this first Static Budget Actual Budget Flexible Budget Var Analysis - Static and FlexCASE Background: Super Clean is local business in the Tri-cities area. It provides cleaning services to residential households and commercial establishments. Both households and businesses sign oontracts with Super Clean. As the contract, Super Clean dispatches its crew to the locations. The crew performs the cleaning as per the contracts and reports back to the company main desk. The main desk then prepares the invoice and sends them to the clients. Clients have one day to pay the invoice. Sales volume can vary from one quarter to the next. In terms of expenses, the main expense for Super Clean relates to labour. They pay crew members competitive wages and benets. The wage rate is calculated on an hourly basis and are xed for the entire year. The next expense item is cleaning supplies. Super Clean accounts for cleaning supplies relative to the hours worked. For example, they estimate that cleaning supplies are consumed at a rate of 0.2 litres per labour hour. This is a good measure because the longer it takes for a site to be cleaned, more will be the consumption of cleaning supplies. Cleaning supplies are procured from a prominent vendor and the cost is xed for the entire year. Sometimes clients are not happy about the cleaning servioes and register a complaint. In that case crew is dispatched again for a second cleaning. The hours accruing from such scenarios are not billed to the clean as this constitutes a 'service reooverf. However, the crew is paid for such hours. Super Clean maintains a record of these hours and classies them as 'unproductive hours', or 'unbilled hours. This is calculated as a percentage of revenue earning hours [e.g. 10% of revenue generating hours]. For the purpose of this assignment, assume that there is no oonsumption of cleaning materials when this second cleaning is being done. Budget for the year 2020: The budget for the year 2020 was prepared in December 2019 and had the following components: Revenue: The revenue is calculated as number of hours which the crew works on a site, times the contracted rate with the client. The hours worked in the residential and commercial segments are shown separately, and there is total for the oombined hours worked. The revenue for each segment is arrived at by multiplying the hours for the segment times the rate. The budget is prepared for four quarters, one to four. For the rst quarter of 2028', the budgeted sales hours and hourly revenue were: Item Budgeted sales [commercial], in hours 2 500 Budgeted sales [residential], in hours Budgeted selling rate {commercial}, per hour S 40 Budgeted selling rate {residential}, per hour 53 50 For quarters two, three and four it was projected that: - Budgeted sales in hours for both commercial and residential with increase at the rate of 7% on a quarter over quarter basis. - Budgeted selling rate will increase at 5% on a quarter over quarter basis for the commercial segment and 496 on a quarter over quarter basis for the residential segment. Direct Labour expense: Super Clean will pay its employees an hourly rate of $ 23 for the entire year. Cleaning su pply usage: The budgeted usage is 0.3 litre ,I' labour hour for commercial segment and 0.15 litre,' labour hour for residential segment. This is constant for the entire year. Cleaning supply expense: Budgeted expense is $5.30 per liter for the entire year. Fixed overhead: In order to support the cleaning operations, there are four items of expenditure. These are designated as overheads and their budgeted expenses are as follows: Receptionist: Budgeted expense is $ 5 800 per quarter and is the same for all the four quarters. Depreciation: This relates to the depreciation of vehicles used to transport employees to client locations. Budgeted expense is $ 9 300 per quarter and is the same for all the four quarters. Gas: Budgeted expenditure on gas is $ 6 500 and is the same for all the four quarters. Office Supplies: Budgeted expenditure on Office Supplies is $ 1 100 per quarter and is the same for all the four quarters. Actual results for the year 2020. It is now January 7, 2021 and Super Clean is comparing the actual expenses against their budget. Here is what they found. Revenue: For the first quarter of 2020, the actual sales hours and hourly revenue were: Item Actual sales (commercial), in hours 3 200 Actual sales (residential), in hours 1 700 Actual selling rate (commercial), per hour $ 42 Actual selling rate (residential), per hour $ 56For quarters two, three and four it was noticed that: Commercial: Actual sales recorded a 5% increase in Q2 over Q1. Q3 was 4% higher than Q2. Q4 was 3% higher than Q3. Residential: Actual sales recorded a 5% increase in Q2 over Q1. Q3 was 4% higher than Q2. Q4 was 3% higher than Q3. Direct Labour expense: Super Clean paid its employees an hourly rate of $ 21 for the entire year. Cleaning supply usage: The actual usage was 0.28 litre / labour hour for commercial segment and 0.14 litre/ labour hour for residential segment. This is constant for the entire year. Cleaning supply expense: Actual expense was $5.10 per liter for the entire year. Fixed overhead: In order to support the cleaning operations, there are four items of expenditure. These are designated as overheads and their budgeted expenses are as follows: Receptionist: Actual expense was $ 6 200 per quarter and is the same for all the four quarters. Depreciation: This relates to the depreciation of vehicles used to transport employees to client locations. Actual expense was $ 9 300 per quarter and was the same for all the four quarters. Gas: Actual expenditure on gas was $ 6 200 and was the same for all the four quarters.Office Supplies: Actual expenditure on Office Supplies was 5 1 000 per quarter and was the same for all the four quarters. Unproductive {unbilled} factor: Cleaning crews had to work 10% over the revenue generating hours to attend to complaints and do a second cleaning. These hours were not billable to clients, but Super Clean would pay the employees for this time they worked. For the purpose of this assignment, assume that there is no consumption of cleaning materials when this second cleaning was done. Required: Part A: For this part you will use the template provided in Exoel Workbook format. Complete the following steps in sequence: Spreadsheet title Activity Input Database Populate the section #11324 with data from the above case and develop the budget parameters. Input Database Populate the section K4:Q35 with data from the above case and develop the actual parameters. Static Budget Populate the section A7:F29 with data from the spreadsheet 'lnput Database' and develop the static budget. Actual Budget Populate the section A7:F29 with data from the spreadsheet 'lnput Database' and develop the actual budget. Five Flexible Budget Populate the section A7:F29 with data from the spreadsheet 'lnput Database' and develop the flexible budget. Six 'v'ar Analysis Static and Populate the section A5:E26 with data from the Flex spreadsheets 'Static Budget' and 'Actual Budget' and develop the static budget variance. Seven 'v'ar Analysis Static and Populate the section 65326 with data from the Flex spreadsheet 'Actual Budget' and \"Flexible Budget' and develop the exible budget varianoe. Eight Material variances Using applicable data complete the analysis of Material variances for both the commercial and residential segments. Nine Labour variances Using applicable data complete the analysis of Material variances for both the commercial and residential segments. Other guidelines: 0 Data should be entered in the 'lnput Database' spreadsheet only. 0 For all other spreadsheets, you have to use cell references, linking data from 'lnput Database' or other spreadsheets. Do not enter data or calculations without cell references. 0 To calculate variances, you need to use 'IF' formula. Part B: i In week 9, your Professor will be discussing about ethical practices during budget preparation. One such practice involves use of 'budgetary 'slack'. Reecting on this learning experience, you will write a memo to the CEO of SUPER CLEAN. I The CEO is concerned regarding ethical practices and needs your advice. In your role as a consultant, write a memo explaining: . What \"budgetary slack' is? ' Possible budgetary items where 'budgetary slack can be applied?' . If you consider 'budgetary slack' as ethical or unethical? Give reasons