VanDerbeck14e_sm_ch01 ACNT 2309

VanDerbeck14e_sm_ch01 ACNT 2309 - CHAPTER 1 EXERCISES E1-1...

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Unformatted text preview: CHAPTER 1 EXERCISES E1-1 The variances for kitchen wages and utilities were favorable for September, whereas the variances for food and supplies were unfavorable. On a year-to-d- ate basis, the only expense that did not have the same pattern as September was utilities which had a $120 F variance for the month, but an $850 U year-to-d- ate variance. E1-2 Merchandise inventory, January 1........................................... $ 17,000 Plus purchases......................................................................... 183,000 Merchandise available for sale................................................. $ 200,000 Less merchandise inventory, January 31 ............................... 22,000 Cost of goods sold.................................................................... $ 178,000 E1-3 Finished goods, July 1.............................................................. $ 93,000 Plus cost of goods manufactured............................................. 343,000 Finished goods available for sale............................................. $ 436,000 Less finished goods, July 31.................................................... 85,000 Cost of goods sold.................................................................... $ 351,000 PROBLEMS P1-1 Rositas Mexican Restaurant Performance ReportDining Room February 28, 2008 Budgeted Actual Variance Expense February Year-to- Date February Year-to- Date February Year-to- Date Dining room wages $4,150 $8,450 $4,400 $9,100 $250U $650U Laundry and housekeeping....
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VanDerbeck14e_sm_ch01 ACNT 2309 - CHAPTER 1 EXERCISES E1-1...

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