Winnie's World operates a chain of pet stores in the Praines. The manager of each store reports to the regional manager, who, in tum, reports to headquarters in Regina. The actual income statements for the Winnipeg more, the Manitoba region (including the Winnipeg store), and the company as a whole including the Manitoba region) for July are as follows: Click the icon to view the actual Income statements) Click the icon to view the budgeted Income statements) Requirements 1. Prof July had shows pafcommences of the Winnipegg alone, The Mansikotes region, veral thao czerzy 2. As the Manitoba region manager, would you investigate the Winnipeg store on the basis of this report? Why or why not? 3.ly the benedite of fuckpebray to your den Whawk Worx per New prepare the report that shows the performance of the Manitoba region. (Use parentheses or a minus sign when entering the region ma Manitoba Operating Income of Stores and Region Manager's Office Expense Actual Budget Varlance Favourable (Unfavourable) Region manager's office expense Winnipeg Other Manitoba stores Operating income Finally, row house sal the Vinique (For variances with a zero balance, make sure to enter "0" in the appropriate cell. Us Revenues and Expenses Revenue Expor Cost of materials Salary expense Depreciation expense Winnipeg Actual Budget Variance Favourable (Unfavourable) More info Actual income statements Winnipeg 148,700 5 Manitoba 1,643,000 $ Companywide 4,400,000 More info Budgeted amounts for July wore as follows Winnipeg $ 182200 $ ManHoba 1,789 000 $ Companywide 4,850,000 Revenue Revenue Expenses Region manager headquarters office Cost of materials 1,200 68,000 $ 1,381 120.000 10 Region managenheadquarters office 5 $ 190 Cost of materia 98,400 963 100 122,000 1,976,000 Salary expense 3SIC 415,4 Depreciation expense 7,500 63,000 Utilities expense 4,000 2,800 31,100 1,119 120 434,000 12551120 175,000 Salary expense 38,000 110500 1,063.000 Depreciation expence 7,500 87,700 446,000 Uslides expense 1,700 5-1900 271,000 3,900 32.400 170,000 Remexpense Rent 135,00 Total expenses Operating Income $ 14, 1,518,500 124,500 $ 3,815 000 Total expens 4th 100 5 Operating Income 141,100 21,100 $ 1,641,000 4,078,000 127,100 572,000 Print Done Print Dane Total expenses Operating income Requirement 2. As the Manitoba region manager, would you investigate the Winnipeg store on the basis of this report? Why or why not? (Enter all amounts as positive. Round percentages to two decimal place, X.XXX.) As region manager of the Manitoba region, you nvestigate the Winnipeg ofte on the basis of this report its operating income varance of S which is ets budget income. This Requirement 3. Briefly discuss the benefits of budgeting. Base your discussion on Winnie's World's performance report Budding plan. The various love of Winnie's Wald Budgeting coordination and communication. The budgets of the performance report communicate Budgeting helps managers evaluate Budgeting also Investigating. The company atford to keep operating marginally profitable stones their operations to develop the detailed budgets in the performance report from the company headquarters to region managers, and from region managers to store managers and their start. Budgets also help managers than current period actual amounts versus past period actual amounts The budget versus actual comparisons in the report are better indicators of The Winnipeg store, other Manitoba stores, stores in other regions, and the headquarters will be to meet their budgets budgets are the benchmark for measuring performance, and if accept the budgets as fal activities across the company's operations. participation in the budgeting process helps ensure acceptance