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iren2701 [21]
3 years ago
13

Varcoe Corporation bases its budgets on the activity measure customers served. During September, the company planned to serve 35

,000 customers, but actually served 30,000 customers. Revenue is $3.90 per customer served. Wages and salaries are $35,100 per month plus $1.30 per customer served. Supplies are $0.60 per customer served. Insurance is $9,300 per month. Miscellaneous expenses are $7,400 per month plus $0.30 per customer served. Required: Prepare a report showing the company's activity variances for September. Indicate in each case whether the variance is favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values and enter any losses with a minus sign.)
Business
1 answer:
svet-max [94.6K]3 years ago
7 0

Answer:

consumers served budget 35,000

consumers served actual 30,000

budgeted revenue per consumer served = $3.90

wages = $35,100 fixed + $1.30 per consumer served

supplies = $0.60 per consumer served

insurance = $9,300

miscellaneous expenses = $7,400 + $0.30 per consumer served

Activity variances:

                                  Actual             Budgeted            Variance

Revenue                   $117,000          $136,500            $19,500 UF

Wages                       $74,100            $80,600             $6,500 F

Supplies                    $18,000            $21,000              $3.000 F

Insurance                   $9,300             $9,300               no variation

Miscellaneous          $16,400            $17,900               $1,500 F

total expense          $117,800          $128,800              $11,000 F

Net income                 ($800)             $7,700               $8,500 UF

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Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash p
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Answer:

Explanation:

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Particulars                 January     February         March

Opening  balance     30,000       30,000         69,294

Cash received          525,000     400,000       450,000

Total                          555,000     430,000       519,294

Cash payment          (475,000)     (350,000)    (525,000)

Interest (60000*1%)   (600)    10600*1%(106)         0

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Loan repayment        (49,400)      (10,600)          35,706

Minimum cash balance of 30,000 required.

(79,400-30,000)  

(60,000-49,400)                    

Cash balance            30,000          69,294           30,000

Loan repayment.

January

Opening balance  60,000

Repayment            (49,400)

balance                   10,600

February

Opening balance     10,600

repayment(balance)  (10,600)

March

35,706

7 0
3 years ago
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Nikolay [14]

Answer: The answers are provided below.

Explanation:

1. NASA is an acronym for the National Aeronautics and Space Administration, which is a federal agency in charge of aerospace research, aeronautics, and also the civilian space program.

People are key to everything done at NASA. People mean more than astronauts, but everyone that go into completing a project. People are so vutal because they are the ones that make up the teams which ultimately help NASA reach its goals.

2. The Lessons Learned Program is a database that is established so that NASA workers can input their experience, findings, errors, successes, trials, recommendations and case analyses.

The NASA Lessons Learned Program is a database that contains official reviews, and the learned lessons from NASA projects, programs, and astronauts. Project management is risk management and this enables the project management team to better assess and reduce risk by not making same mistake twice

3. The team bears the responsibility for the achievement of success but it must be done by individual cooperation. Cooperation as a team is vital at NASA. Therefore, it is important for the individuals to hold themselves accountable so as to ensure that risk is avoided as much as possible.

4. NASA believes characteristics of a good project manager should include passionate about the task at hand, being optimistic, possessing the ability to surround yourself with people who are competent, communicating effectively with others, knowing your job, ensuring your team knows their job, working well with others, and integrity.

5. Leadership integrity has all to do with project success. Integrity is what one does when no one is watching. As a leader, one must always maintain integrity in order to ensure ones actions are always in the team's best interest.

6 0
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Edmund stench consumes two commodities, namely garbage and punk rock video cassettes. he doesn't actually eat the former but kee
katrin2010 [14]
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Answer:

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Explanation:

8 0
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ICE Princess25 [194]

Answer:

D) Sold a call option

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a call option can be regarded as a kind of derivatives contract that enable the a call option for those that want to purchase stock or financial instrument the right to buy it at a specific price but not obligation. When a call option is sold, then the buyer is given the opportunity to buy the stock at a particular price with expeiration. The price is known as "strike price".

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