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Ch.8- Solutions

# Ch.8- Solutions - Chapter8 BriefExercise81 PugetSoundDivers...

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Chapter 8 Flexible Budgets and Performance Analysis Brief Exercise 8-1  Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours. .......................................................... 105 Revenue (\$365.00q). ......................................................... \$38,325 Expenses: Wages and salaries (\$8,000 + \$125.00q). ...................... 21,125 Supplies (\$3.00q). .......................................................... 315 Equipment rental (\$1,800 + \$32.00q). ........................... 5,160 Insurance (\$3,400). ........................................................ 3,400 Miscellaneous (\$630 + \$1.80q). ....................................           819     Total expense. ....................................................................   30,819     Net operating income. ....................................................... \$      7,506

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Brief Exercise 8-2 1. The activity variances are shown below: Flight Café Activity Variances For the Month Ended July 31 Planning Budget Flexible Budget Activity Variances Meals. ......................................................... 18,000 17,800 Revenue (\$4.50q). ...................................... \$81,000 \$80,100 \$900 U Expenses: Raw materials (\$2.40q). .......................... 43,200 42,720 480 F Wages and salaries (\$5,200 + \$0.30q). ... 10,600 10,540 60 F Utilities (\$2,400 + \$0.05q). ..................... 3,300 3,290 10 F Facility rent (\$4,300). ............................. 4,300 4,300 0 Insurance (\$2,300). ................................. 2,300
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Ch.8- Solutions - Chapter8 BriefExercise81 PugetSoundDivers...

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