Accounting

Flexible Budgets and Revenue and Spending Variances [LO1, LO3]   Gelato Supremo is a popular neighborhood gelato shop. The company has provided the following data concerning its operations:   While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For […]

  Working with More Than One Cost Driver [LO4, LO5]   The Toque Cooking Academy runs short cooking courses at its small campus. Management has identified two cost drivers that it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run four courses

  Critique a Report; Prepare a Performance Report [LO1, LO4, LO6]     Wings Flight School offers flying lessons at a small municipal airport. The school’s owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears

Flexible Budget [LO1] Pierr Manufacturing Inc. has provided the following information concerning its manufacturing costs:   For example, utilities should be $1,600 per month plus $0.15 per machine-hour. The company expects to work 4,000 machine-hours in July. Note that the company’s direct labor is a fixed cost. Required: Prepare the company’s planning budget for manufacturing

Prepare a Flexible Budget Performance Report [LO4]   Refer to the data for Auto Lavage in Exercises 9–9 and 9–11. Required: Prepare a flexible budget performance report that shows the company’s activity variances and revenue and spending variances for October. Place Your Order Here!

Prepare a Report Showing Revenue and Spending Variances [LO3]   Refer to the data for Auto Lavage in Exercises 9–9 and 9–11. Required: Prepare a report showing the company’s revenue and spending variances for October. Place Your Order Here!

Flexible Budget [LO1]   Refer to the data for Auto Lavage in Exercise 9–9. The company actually washed 8,100 cars in October. Required: Prepare the company’s flexible budget for October. EXERCISE 9–11 Prepare a Report Showing Activity Variances [LO2]   Refer to the data for Auto Lavage in Exercise 9–9. The actual operating results for

 Flexible Budget [LO1]   Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concerning the company’s costs:   For example, electricity costs are $1,400 per month plus $0.10 per car washed. The company expects to wash 8,000 cars in October and to

Flexible Budgets and Activity Variances [LO1, LO2]   Harold’s Roof Repair has provided the following data concerning its costs:   For example, wages and salaries should be $21,380 plus $15.80 per repair-hour. The company expected to work 2,500 repair-hours in June, but actually worked 2,400 repair-hours. The company expects its sales to be $43.50 per

Critique a Variance Report [LO6]     Refer to the data for The Exterminator Inc. in Exercise 9–6. A management intern has suggested that the budgeted revenues and costs should be adjusted for the actual level of activity in May before they are compared to the actual revenues and costs. Because the actual level of