Chapter 7 Flexible budgeting and performance evaluation Copr. Goedl 2023Owensville Pool Service is preparing a Flexible Budget Performance report for the month of July. Data for the planning budget and the actual results are provided below. Planning budget cost formulas Estimated units of production 15,000 Sales $16Q Wages and salaries $36,000 Employee benefits $12,000 Supplies $4Q Rent expense $5,000 Utilities $900 plus $0.25Q Misc. expenses $8,500 plus $1.50Q Actual results Actual units of production 12,400 Sales $ 192,200 Wages and salaries $36,000 Employee benefits $12,400 Supplies $54, 560 Rent expense $5,000 Utilities $3,380 Misc. expenses $26,800 Calculate the revenue/spending variance for Net operating income. Group of answer choices $(10,640) $26,650 $(26,650) $10,640

Chapter 7 Flexible budgeting and performance evaluation Copr. Goedl 2023Owensville Pool Service is preparing a Flexible Budget Performance report for the month of July. Data for the planning budget and the actual results are provided below. Planning budget cost formulas Estimated units of production 15,000 Sales $16Q Wages and salaries $36,000 Employee benefits $12,000 Supplies $4Q Rent expense $5,000 Utilities $900 plus $0.25Q Misc. expenses $8,500 plus $1.50Q Actual results Actual units of production 12,400 Sales $ 192,200 Wages and salaries $36,000 Employee benefits $12,400 Supplies $54, 560 Rent expense $5,000 Utilities $3,380 Misc. expenses $26,800 Calculate the revenue/spending variance for Net operating income. Group of answer choices $(10,640) $26,650 $(26,650) $10,640

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 7CE: Refer to Cornerstone Exercise 8.6. Required: 1. Calculate the total budgeted cost of units produced...

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