Ch. 7 Flexible Budgeting and Performance Evaluation Copr. Go…
Ch. 7 Flexible Budgeting and Performance Evaluation Copr. Goedl Maintenance expense is a mixed cost. The cost formula used for budgeting is $0.03Q + $27,000 per month. In December, the company planned to produce 96,000 units. The company actually produced 90,300 units during December. Calculate the amount of maintenance expense reported in the planning budget.
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Chapter 7 Flexible budgeting and performance evaluation Copr. Goedl 2023Owensville Pool Service is preparing a Flexible Budget Performance report for the month of July. Data for the planning budget and the actual results are provided below. Planning budget cost formulas Estimated units of production 15,000 Sales $16 per unit Wages and salaries $36,000 Employee benefits $12,000 Supplies $4Q Rent expense $5,000 Utilities $900 plus $0.25Q Misc. expenses $8,500 plus $1.50Q Actual results Actual units of production 12,400 Sales $192,200 Wages and salaries $36,000 Employee benefits $12,400 Supplies $54,560 Rent expense $5,000 Utilities $3,380 Misc. expenses $26,800 Calculate the revenue/spending variance for Sales.
Read DetailsChapter 9 Decentralized performance evaluation Copr. Goedl/S…
Chapter 9 Decentralized performance evaluation Copr. Goedl/StricklandBelow is the financial data for Goedl and Strickland, Inc. for the most recent fiscal year. The company paid dividends of $197,250 last year. The company’s minimum required rate of return is 15%. Calculate the profit margin ratio.
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