AC505 Chap 10 Hmwk Solutions - Budgeted cars washed (q).

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Chapter 10 Flexible Budgets and Performance Analysis Exercise 10-1  (10 minutes) 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     Exercise 10-8  (15 minutes) Lavage Rapide Planning Budget For the Month Ended August 31
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Unformatted text preview: Budgeted cars washed (q). ............................. 9,000 Revenue ($4.90q). .......................................... $44,10 Expenses: Cleaning supplies ($0.80q). .......................... 7,200 Electricity ($1,200 + $0.15q). ........................ 2,550 Maintenance ($0.20q). ................................. 1,800 Wages and salaries ($5,000 + $0.30q). ....... 7,700 Depreciation ($6,000). .................................. 6,000 Rent ($8,000). .............................................. 8,000 Administrative expenses ($4,000 + $0.10q). 4,900 Total expense. ................................................. 38,150 Net operating income. ..................................... $ 5,950...
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This note was uploaded on 03/26/2012 for the course AC505 AC505 taught by Professor Dillan during the Spring '10 term at Keller Graduate School of Management.

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AC505 Chap 10 Hmwk Solutions - Budgeted cars washed (q).

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