The Following Is A Partially Completed Performance Report For Water Land Volume Of Units On Which They Are Based Therefo 1 (34.08 KiB) Viewed 54 times
The Following Is A Partially Completed Performance Report For Water Land Volume Of Units On Which They Are Based Therefo 2 (41.54 KiB) Viewed 54 times
The Following Is A Partially Completed Performance Report For Water Land Volume Of Units On Which They Are Based Therefo 3 (38.96 KiB) Viewed 54 times
The following is a partially completed performance report for Water Land volume of units on which they are based Therefore, the volume variance is caused by differences between actual and expected volume 8. Fill in the missing numbers in the performance report. Be sure to indicate whether variances are favorable (F) or unfavorable (U) (Enter the variances as positive numbers Label each variance as favorable (F) or unfavorable (U) If the variance iso make sure to enter in a "0" A variance of zero is considered favorable Water Land Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Flexible Budget Variance Actual Budget Volume Variance Output units (pools installed) Master Budget 4 5 S 110,000 115,000 $2,000 Sains rovine Operating expenses Variable expenses Foted expenses Total operating expenses 58,000 23,000 61,000 27.000 48,800 27.000
a table 4 A С E 1 Water Land 2 Flexible Budget Performance Report sales and Operating Expenses 3 For the Year Ended April 30 Flexible Budget Flexible Volume Actual Variance Budget Variance 5 Sales volume (number of pools installed) 5 ? ? 6 Sales revenue $ 110,000 2 $ 115,000 ? 7 Operating expenses B Variable expenses $ 58,000 $ 61,000 9 Fixed expenses 23,000 27.000 2 Master Budget $ 92,000 $ 48,800 27,000 10 Total operating expenses 2
Requirements 1. How many pools did Water Land originally think it would install in April? 2. How many pools did Water Land actually install in April? 3. How many pools is the flexible budget based on? Why? 4. What was the budgeted sales price per pool? 5. What was the budgeted variable cost per pool? 6. Define the flexible budget variance What causes it? 7. Define the volume variance. What causes it? 8. Fill in the missing numbers in the performance report la ter cal Print Done
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