Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Exercise 1 7 direct and indirect costs lo1 1

15/12/2021 Client: muhammad11 Deadline: 2 Day

W7 Assignment

Complete homework exercises in Word or Excel.

Chapter 10: Exercises 1, 2, 3, 4

Chapter 11: Exercises 1, 2, 3, 8

EXERCISE 10–1 Prepare a Flexible Budget [LO 10–1]

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company’s planning budget for May appears below:

Puget Sound Divers Planning Budget For the Month Ended May 31

Budgeted diving-hours (q). . . . . . . . . . . . . . . . . . .

100

Revenue ($365.00q). . . . . . . . . . . . . . . . . . . . . . .

$36,500

Expenses:

 Wages and salaries ($8,000 + $125.00q) . . . . . .

20,500

 Supplies ($3.00q). . . . . . . . . . . . . . . . . . . . . . .

300

 Equipment rental ($1,800 + $32.00q) . . . . . . . .

5,000

 Insurance ($3,400). . . . . . . . . . . . . . . . . . . . . .

3,400

 Miscellaneous ($630 + $1.80q). . . . . . . . . . . . . .

810

Total expense. . . . . . . . . . . . . . . . . . . . . . . . . . .

30,010

Net operating income. . . . . . . . . . . . . . . . . . . . . .

$ 6,490

Required:

During May, the company’s activity was actually 105 diving-hours. Prepare a flexible budget for that level of activity.

EXERCISE 10–2 Prepare a Report Showing Activity Variances [LO 10–2]

Flight Cafe; is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The company’s planning budget for July appears below:

Flight Café Planning Budget For the Month Ended July 31

Budgeted meals (q). . . . . . . . . . . . . . . . . . . . . . . .

18,000

Revenue ($4.50q) . . . . . . . . . . . . . . . . . . . . . . . . .

$ 81,000

Expenses:

 Raw materials ($2.40q). . . . . . . . . . . . . . . . . . . .

43,200

 Wages and salaries ($5,200 + $0. 30q) . . . . . . . .

10,600

 Utilities ($2,400 + $0. 05q). . . . . . . . . . . . . . . . .

3,300

 Facility rent ($4,300). . . . . . . . . . . . . . . . . . . . . .

4,300

 Insurance ($2,300). . . . . . . . . . . . . . . . . . . . . . .

2,300

 Miscellaneous ($680 + $0. 10q). . . . . . . . . . . . . .

2,480

Total expense . . . . . . . . . . . . . . . . . . . . . . . . . . . .

66,180

Net operating income. . . . . . . . . . . . . . . . . . . . . . .

$ 14,820

In July, 17,800 meals were actually served. The company’s flexible budget for this level of activity appears below:

Flight Café Flexible Budget For the Month Ended July 31

Budgeted meals (q). . . . . . . . . . . . . . . . . . . . . . . .

17,800

Revenue ($4. 50q). . . . . . . . . . . . . . . . . . . . . . . . .

$80,100

Expenses:

 Raw materials ($2. 40q). . . . . . . . . . . . . . . . . . .

42,720

 Wages and salaries ($5,200 + $0. 30q). . . . . . . .

10,540

 Utilities ($2,400 + $0. 05q). . . . . . . . . . . . . . . . .

3,290

 Facility rent ($4,300). . . . . . . . . . . . . . . . . . . . . .

4,300

 Insurance ($2,300). . . . . . . . . . . . . . . . . . . . . . .

2,300

 Miscellaneous ($680 + $0. 10q). . . . . . . . . . . . . .

2,460

Total expense. . . . . . . . . . . . . . . . . . . . . . . . . . . .

65,610

Net operating income. . . . . . . . . . . . . . . . . . . . . . .

$14,490

Page 460

Required:

1. Prepare a report showing the company’s activity variances for July.

2. Which of the activity variances should be of concern to management? Explain.

EXERCISE 10–3 Prepare a Report Showing Revenue and Spending Variances [LO 10–3]

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company’s flexible budget for August appears below:

Quilcene Oysteria Flexible Budget For the Month Ended August 31

Actual pounds (q). . . . . . . . . . . . . . . . . . . . . . . .

8,000

Revenue ($4. 00q). . . . . . . . . . . . . . . . . . . . . . . .

$32,000

Expenses:

Packing supplies ($0. 50q). . . . . . . . . . . . . . .

4,000

Oyster bed maintenance ($3,200). . . . . .

3,200

Wages and salaries ($2,900 + $0. 30q)..

5,300

Shipping ($0.80q). . . . . . . . . . . . . . . . . . . . .

6,400

Utilities ($830). . . . . . . . . . . . . . . . . . . . . . . .

830

Other ($450 + $0. 05q). . . . . . . . . . . . . . . .

850

Total expense. . . . . . . . . . . . . . . . . . . . . . . . . . .

20,580

Net operating income. . . . . . . . . . . . . . . . . . .

$11,420

The actual results for August appear below:

Quilcene Oysteria Income Statement For the Month Ended August 31

Actual pounds. . . . . . . . . . . . . . . . . . . . . . . . . . .

8,000

Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$35,200

Expenses:

 Packing supplies. . . . . . . . . . . . . . . . . . . . . . .

4,200

 Oyster bed maintenance. . . . . . . . . . . . . . . . .

3,100

 Wages and salaries . . . . . . . . . . . . . . . . . . . .

5,640

 Shipping. . . . . . . . . . . . . . . . . . . . . . . . . . . .

6,950

 Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . .

810

 Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

980

Total expense. . . . . . . . . . . . . . . . . . . . . . . . .

21,680

Net operating income. . . . . . . . . . . . . . . . . . . .

$13,520

Required:

Prepare a report showing the company’s revenue and spending variances for August.

EXERCISE 10–4 Prepare a Flexible Budget Performance Report [LO 10–4]

Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below:

Page 461

Vulcan Flyovers Operating Data For the Month Ended July 31

Actual Results

Flexible Budget

Planning Budget

Flights (q). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

48

48

50

Revenue ($320.00q) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$13,650

$15,360

$16,000

Expenses:

 Wages and salaries ($4,000 + $82.00q). . . . . . . . . . . . . . . . . .

8,430

7,936

8,100

 Fuel ($23.00q) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1,260

1,104

1,150

 Airport fees ($650 + $38.00q). . . . . . . . . . . . . . . . . . . . . . . . .

2,350

2,474

2,550

 Aircraft depreciation ($7. 00q). . . . . . . . . . . . . . . . . . . . . . . . .

336

336

350

 Office expenses ($190 + $2. 00q). . . . . . . . . . . . . . . . . . . . . . .

460

286

290

Total expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12,836

12,136

12,440

Net operating income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ 814

$ 3,224

$ 3,

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Essay Writing Help
Quick Mentor
Top Academic Tutor
Best Coursework Help
Accounting & Finance Specialist
Math Guru
Writer Writer Name Offer Chat
Essay Writing Help

ONLINE

Essay Writing Help

I will be delighted to work on your project. As an experienced writer, I can provide you top quality, well researched, concise and error-free work within your provided deadline at very reasonable prices.

$64 Chat With Writer
Quick Mentor

ONLINE

Quick Mentor

I have worked on wide variety of research papers including; Analytical research paper, Argumentative research paper, Interpretative research, experimental research etc.

$73 Chat With Writer
Top Academic Tutor

ONLINE

Top Academic Tutor

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$47 Chat With Writer
Best Coursework Help

ONLINE

Best Coursework Help

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$57 Chat With Writer
Accounting & Finance Specialist

ONLINE

Accounting & Finance Specialist

I will be delighted to work on your project. As an experienced writer, I can provide you top quality, well researched, concise and error-free work within your provided deadline at very reasonable prices.

$71 Chat With Writer
Math Guru

ONLINE

Math Guru

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$53 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Spy voice recorder jaycar - Project management at arnold palmer hospital - Domain and range of a graph in interval notation - Square and triangular numbers - Unit of study code - Are vending machines a good investment - Which circuit below would have the lowest voltmeter reading - Week5 responses 6053 - Discussion - How to respond electronically for an invite to interview - Chaos greek god family tree - A manager's instrumental values have little or no effect on organizational culture. - Bt diamond ip pricing - 2 methylpropene + hbr - The work in process inventory account for dg manufacturing follows - St andrews tennis club - Is warby parker a good example of corporate social responsibility - Working capital management is relatively unimportant for a small business. - When does daylight saving finish in new south wales - R vs python pros and cons - Itec and bioterrorism - Commitment a cautionary tale and provide an example - Clinical Field Experience C: Roles and Responsibilities of the Special Educator - Multitasking thesis statement - Biology - Advance Pharmacology - Bluebeam measuring in inches not feet - Can. some one write me an essay on How does our cultural worldview influence and inform our perceptions of people from other cultures? Provide concrete examples as well. - Biology analyzing data answers - Yang the youngest discussion questions - Discussion response - Adding ed and ing worksheets pdf - Sam and cat texting competition full episode youtube - Donnie brasco cancer of the prick - Concepts and theories in nursing - Bsbrsk501 manage risk - Kouzes and posner 5 principles - Brisbane city plan 2014 mapping - 4s week 14 assignment IA - Arma 3 getting started - Continue Case Chatper 13 - Colpopexy for displaced uterus using an abdominal approach - Nursing implications for senna - Yo soy joaquin poem in spanish - Is a equilateral triangle a parallelogram - EXPLAIN your reasoning of positive, negative or no association? - Afa tours v whitchurch - Get up stand up pop and protest - Encase 8.08 user guide - English composition I - The compound beam is fixed at a - Paper review summary - Olds trumpet serial numbers - Pelton wheel experiment lab report - Team monash elite student performance scheme - You manage the intranet servers for eastsim corporation - Pbi questions - C wright mills biography and history - Creative writing george brown - Daniel o donnell fan mail address - Acts of virginia commonwealth pbs - What are the benefits of skydiving - Macbeth moment of realization - 1/5 1/5 2/5 joke - Ego integrity versus despair - Colorbond shale grey exterior - Case study 6.3 johnson & rogers software engineering inc - Assignment 2 10/31/20 - Ibm rational rose license key - Please answer the following questions. - ASSIGNMENT CORRECTION - Chase bank monterrey blvd baton rouge la - How to fold bedspread - Consists of several layers of cells allowing an expandable lining - A hideous ecstasy of fear and vindictiveness - How to find the energy content in food - Discussion about how (BPaaS) reduces risk for commercial enterprises - Devil's playground amish movie - Which of the following statements best describes scientific research - The size of gear is usually specified by - Macaulay's method beam deflection - Gentex commander 3 fire alarm - Eben in the bible - What number i am - Widney ctc - Said is dead words - Me talk pretty one day exploring the text answers - Www pearsonhighered com nursingresources - Need to answer this equation - Bio rad qc net - Short Paper: Interview Report - Are bacterial cells prokaryotic or eukaryotic - Static forecasting example - Eva from freedom writers - LOOKING FOR SOMEONE WHO CAN HELP IN ACCOUNTING RIGHT NOW - Question 5 - Aruze continental slot machine - Leadership THOUGHT RESPONSES - 40 short stories a portable anthology 5th edition pdf - What does prudent wife mean