Prepare a report showing the companys activity variances

Assignment Help Accounting Basics
Reference no: EM131791927

Problem

Voytek Corporation bases its budgets on the activity measure customers served. During October, the company planned to serve 45,000 customers, but actually served 43,000 customers. The company has provided the following data concerning the formulas it uses in its budgeting:

 

Fixed element
per month

Variable element
per customer

  Revenue


3.83

  Wages and salaries

37,900

1.30

  Supplies

0

0.60

  Insurance

8,900

0.00

  Miscellaneous

7,900

0.50

Required:

Prepare a report showing the company's activity variances for October. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM131791927

Questions Cloud

Calculate the cost of sales of dvds for cruiser video : Calculate the cost of sales of DVDs for Cruiser Video in August assuming the use of the LIFO method under a periodic inventory system
Determine the limitations of a nonprofit corporation : What's required to make sure your client's independent contractor agreement is viewed as a legally enforceable independent contractor agreement.
Compute the sales- quantity and sales- mix variances : Question - Variance analysis, multiple products. Compute the sales- quantity and sales- mix variances for each type of ticket and in total in 2012
How many shares of common stock have been issued : How many shares of preferred stock and how many shares of common stock have been issued?
Prepare a report showing the companys activity variances : Voytek Corporation bases its budgets on the activity measure customers served. Prepare a report showing the company's activity variances for October.
What do you think of this kind of corporate strategy : Do you know of any other Benefit Corporations and What do you think of this kind of corporate strategy?
What amount should the company report as retained earnings : What amount should the company report as retained earnings on its quarterly financial statement dated March 31, 2015?
Discuss the budget should show expected cash receipts : The budget should show expected cash receipts and cash disbursements for the month of March
Discuss the three items offenders apparently tend to pay : Discuss the three items offenders apparently tend to pay attention to when evaluating a potential burglary target.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the payback period would be approximately

Warburg Company is planning to purchase a new machine for $91,435 with no salvage. The new machine is expected to produce cash inflows from operations before

  What amount of amortization expense would record

Day Company purchased a patent on January 1, 2010 for $360,000. The patent had a remaining useful life of 10 years at that date. In January of 2011, Day successfully defends the patent at a cost of $162,000, extending the patent"s life to 12/31/22..

  The stockholders equity section of the balance sheet

Prepare the stockholders' equity section of the balance sheet at December

  What is the roi of project zm based on the initial estimates

Return on Investment Ethical Considerations Jason Kemp was torn between conflicting emotions. On the one hand, things were going so well.

  Discuss dividend payment to preferred share holders

what will be the total dividend payment to preferred share holders

  Canyon realty corporation pays weekly salaries

Canyon Realty Co. pays weekly salaries of $3,700 on Friday for a five-day workweek ending on that day. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends(a) On Wednesday and (b) On Thursday.

  What do you think is the meaning of kathy

What do you think is the meaning of Kathy's statement that the FASB needs a starting point toresolve accounting controversies?

  Prepare an income statement and compute earnings per share

A. Low Carb Diet Supplement, Inc. has two divisions. Division A has a profit of $100,000 on sales of $2,000,000. Division B is only able to make $25,000 on sales of $300,000. Based on the profit margins (returns on sales), which division is superior?

  What is the maximum transfer price

Aulman Inc. has a number of divisions, including a Furniture Division and a Motel Division. The Motel Division owns and operates a line of budget.

  Calculate the motel ending bank balance at december

On December 31, 0007, a small motel has a bank balance of $7,100. On that same date its balance sheet showed that it had a bank loan payable of $73,900.

  What is the effect of this accounting decision

Do you think it is always easy and straightforward to determine whether costs should be capitalized or expensed? Do you think it is always easy and straightforward to determine whether a manager is acting ethically or unethically? Give examples to il..

  During 2014 allyson scott building company constructed

during 2014 allyson scott building company constructed equipment qualified at a total cost of 9000000. the company made

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd