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Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget 24,200 $ 86,400 Customers served Revenue ($3.60q) Expenses: Wages and salaries ($22,400 + $1.20q) Supplies ($0.50q) Insurance ($ 5,800) Miscellaneous expense ($4,600 + $0.40q) Total expense Net operating income Required: Variances 25,250 $ 90,900 $ 4,500 U 49,000 52,700 13,200 12,625 5,700 5,800 12,000 14,700 3,700 F 575 U 100 F 2,700 F 79,900 85,825 5,925 F $ 6,500 $ 5,075 $ 1,425 F Prepare the company's flexible budget performance report for November. Label each variance as 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.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 24,200 24,200 25,250 $ 86,400

Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget 24,200 $ 86,400 Customers served Revenue ($3.60q) Expenses: Wages and salaries ($22,400 + $1.20q) Supplies ($0.50q) Insurance ($ 5,800) Miscellaneous expense ($4,600 + $0.40q) Total expense Net operating income Required: Variances 25,250 $ 90,900 $ 4,500 U 49,000 52,700 13,200 12,625 5,700 5,800 12,000 14,700 3,700 F 575 U 100 F 2,700 F 79,900 85,825 5,925 F $ 6,500 $ 5,075 $ 1,425 F Prepare the company's flexible budget performance report for November. Label each variance as 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.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 24,200 24,200 25,250 $ 86,400

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 1PB
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Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget 24,200 $ 86,400 Customers served Revenue ($3.60q) Expenses: Wages and salaries ($22,400 + $1.20q) Supplies ($0.50q) Insurance ($ 5,800) Miscellaneous expense ($4,600 + $0.40q) Total expense Net operating income Required: Variances 25,250 $ 90,900 $ 4,500 U 49,000 52,700 13,200 12,625 5,700 5,800 12,000 14,700 3,700 F 575 U 100 F 2,700 F 79,900 85,825 5,925 F $ 6,500 $ 5,075 $ 1,425 F Prepare the company's flexible budget performance report for November. Label each variance as 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.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 24,200 24,200 25,250 $ 86,400
Transcribed Image Text:Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget 24,200 $ 86,400 Customers served Revenue ($3.60q) Expenses: Wages and salaries ($22,400 + $1.20q) Supplies ($0.50q) Insurance ($ 5,800) Miscellaneous expense ($4,600 + $0.40q) Total expense Net operating income Required: Variances 25,250 $ 90,900 $ 4,500 U 49,000 52,700 13,200 12,625 5,700 5,800 12,000 14,700 3,700 F 575 U 100 F 2,700 F 79,900 85,825 5,925 F $ 6,500 $ 5,075 $ 1,425 F Prepare the company's flexible budget performance report for November. Label each variance as 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.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 24,200 24,200 25,250 $ 86,400
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