Ch.8- Solutions - Chapter8...

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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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This note was uploaded on 12/11/2010 for the course ACC ACC taught by Professor Laila during the Spring '10 term at American University of Sharjah.

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Ch.8- Solutions - Chapter8...

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