what is the first step to calculating flexible budget?
Theme There is a nonprofit oration devoted to staging plays for chean The has a very small one professor special rangement with the actors union actors and directors rehearse without pay and are poorly for a performances Theme Theatre had totively planned to put on a different productions with a staf 100 performances For example one of the productions Pro which had a shume performances on each weekend the colors the current years ang budget per below Theme Theatre Corom the Page For the Year Ended Decor Actors and decor Sagshands was Scenery.comes and prope 3340 200 Pucky 500 314600 TO Some of the col vary with the number of productions, some with the number of performances and some are fred and depend on the menumber of production or the number of performances. The costs of scenery costumes props and pot vary with the number of productions et doesn't make any difference how many mes Perles to performed the cost of the scenery is the same wise the cost of pubong a play with posters and radio comercials is the same whether there are 10. 20 30 performances of the play On the other hand, the wo of the actors, directors, stagehands.boom personnel and users vary we the number of performances The greater the number of performances the higher the age costs will be Samlarly, the cost of renting the hall and printing the programs will vary with the number of performance Adve superses are more out one but the best is that approximately 75% of the budgeted are fred 15% depend on the number of production stage and the remaining 10% depend on the number of performances After the beginning of the year, the board of directors of the theater and expanding the ther's program to sve productions and a total of 16 performances Not supra accols were concertyger than the costs from the poing budget Grants from donors and fees were also correspondingly higher but are not shows her Data concoming the act or below The The A Cole For the owned Deco Aber of productions Actualmber of performances Actors and actors wages 3.700 Steaghands we Ticketbolandshes 53 Scenerys and pres 131 400 Theater 102.500 Programs 63.100 Publy 16.100 T500 3001200 16 Required 1 Prepare a fost budget performance report for the year at shows both spending variances and activity annos indicate the effect of each variance by selecting for favor," for unfavorable and one for no effecte.ro variance Input all amounts as posve values Results Budget Number of productions Number of performances 7 168 108 $ $ 385,700 76,100 233,280 49.680 33.480 53.900 Actors' and directors' wages Stagehands' wages Ticket booth personnel and ushers wages Scenery, costumes, and props Theatre hall rent Printed programe Publicity Administrative expenses Total 131,400 102,800 108,960 71,280 44,280 63,100 16,700 71,500 901.200 12,960 60.480 614,400 $ $ References Worksheet Learning Objective 00-02 Calculate and interpret activity variances Learning Objective 09-05 Prepare a budget with more than cast driver Difficulty: 3 Hard Learning Objective 09-03 Calculate and interpret revenue and spending variances Learning Objective: 09-01 Prepare a planning budget and a flexible budget and understand how they differ from one another. Learning Objective. 00-04 Prepare a performance report that combines activity wanances and revenue and spending variances Theme There is a nonprofit oration devoted to staging plays for chean The has a very small one professor special rangement with the actors union actors and directors rehearse without pay and are poorly for a performances Theme Theatre had totively planned to put on a different productions with a staf 100 performances For example one of the productions Pro which had a shume performances on each weekend the colors the current years ang budget per below Theme Theatre Corom the Page For the Year Ended Decor Actors and decor Sagshands was Scenery.comes and prope 3340 200 Pucky 500 314600 TO Some of the col vary with the number of productions, some with the number of performances and some are fred and depend on the menumber of production or the number of performances. The costs of scenery costumes props and pot vary with the number of productions et doesn't make any difference how many mes Perles to performed the cost of the scenery is the same wise the cost of pubong a play with posters and radio comercials is the same whether there are 10. 20 30 performances of the play On the other hand, the wo of the actors, directors, stagehands.boom personnel and users vary we the number of performances The greater the number of performances the higher the age costs will be Samlarly, the cost of renting the hall and printing the programs will vary with the number of performance Adve superses are more out one but the best is that approximately 75% of the budgeted are fred 15% depend on the number of production stage and the remaining 10% depend on the number of performances After the beginning of the year, the board of directors of the theater and expanding the ther's program to sve productions and a total of 16 performances Not supra accols were concertyger than the costs from the poing budget Grants from donors and fees were also correspondingly higher but are not shows her Data concoming the act or below The The A Cole For the owned Deco Aber of productions Actualmber of performances Actors and actors wages 3.700 Steaghands we Ticketbolandshes 53 Scenerys and pres 131 400 Theater 102.500 Programs 63.100 Publy 16.100 T500 3001200 16 Required 1 Prepare a fost budget performance report for the year at shows both spending variances and activity annos indicate the effect of each variance by selecting for favor," for unfavorable and one for no effecte.ro variance Input all amounts as posve values Results Budget Number of productions Number of performances 7 168 108 $ $ 385,700 76,100 233,280 49.680 33.480 53.900 Actors' and directors' wages Stagehands' wages Ticket booth personnel and ushers wages Scenery, costumes, and props Theatre hall rent Printed programe Publicity Administrative expenses Total 131,400 102,800 108,960 71,280 44,280 63,100 16,700 71,500 901.200 12,960 60.480 614,400 $ $ References Worksheet Learning Objective 00-02 Calculate and interpret activity variances Learning Objective 09-05 Prepare a budget with more than cast driver Difficulty: 3 Hard Learning Objective 09-03 Calculate and interpret revenue and spending variances Learning Objective: 09-01 Prepare a planning budget and a flexible budget and understand how they differ from one another. Learning Objective. 00-04 Prepare a performance report that combines activity wanances and revenue and spending variances
