Reference no: EM13505669
Prepare a Flexible Budget
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below:
During May, the company's activity was actually 105 diving-hours. Prepare a flexible budget for that level of activity.
Prepare a Flexible Budget Performance Report
Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below:
The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount.
Required:
- 1. Prepare a flexible budget performance report for July.
- 2. Which of the variances should be of concern to management? Explain.
Critique a Variance Report
The Terminator Inc. provides on-site residential pest extermination services. The company has several mobile teams who are dispatched from a central location in company-owned trucks. The company uses the number of jobs to measure activity. At the beginning of April, the company budgeted for 100 jobs, but the actual number of jobs turned out to be 105. A report comparing the budgeted revenues and costs to the actual revenues and costs appears below:
Required:
Is the above variance report useful for evaluating how well revenues and costs were controlled during April? Why, or why not?
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What is the resistance of the new cord
: A certain electric extension cord has a resistance of 4.96 ?. Suppose it is replaced by an extension cord made of the same material. What is the resistance of the new cord
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Calculate the var and expected shortfall
: Given the following 30 ordered percentage returns of an asset, calculate the VAR and expected shortfall at a 90% confidence level: -16,-14,-10,-7,-7,-5,-4,-4,-4,-3,-1,-1,0,0,0,1,2,2,4,6,7,8,9,11,12,12 ,14,18,21,23.
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What is the proper interpretation of this statement
: The 10-Q report of ABC Bank states that the monthly VAR of ABC Bank is USD 10 million at 95% confidence level. What is the proper interpretation of this statement?
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Not-for-profit organization analysis
: identify criteria for evaluation of the mission statement, measure achievement, and offer a conclusion on the evidence presented.
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Prepare a flexible budget performance report for july
: Is the above variance report useful for evaluating how well revenues and costs were controlled during April? Why, or why not - Prepare a flexible budget performance report for July
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Prepare forecasts of income statement and balance sheet
: Prepare forecasts of its income statement, balance sheet, and statement of cash flows for 20x7 - All financial ratios remain at 20x6 levels.
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Explain what reactants are needed to make bromocyclohexane
: What reactants are needed to make bromocyclohexane into cyclohexanol without producing any (or very little) cyclohexene
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Determine the break-even output of the firm
: Determine the break-even output of the firm, determine the total sales revenues of the firm, and determine the output that would generate a total profit of $60,000.
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What was the capital gain of the tips in dollars
: Consider a 3.5% TIPS with an issue CPI reference of 185.6. At the beginning of this year, the CPI was 196.2 and was at 201.3 at the end of the year. What was the capital gain of the TIPS in dollars and in percentage terms?
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