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Required:

Prepare a flexible budget performance report that shows the company's activity variances and revenue and spending variances for August. (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 "$" sign in your response.)

Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31
	Activity Variances			Revenue and Spending Variances
Revenue	$	980	U	$	40	U
Expenses:
Cleaning supplies		160	F		520	U
Electricity		30	F		150	U
Maintenance		40	F		500	U
Wages and salaries		60	F		860	U
Depreciation		0	None		0	None
Rent		0	None		0	None
Administrative expenses		20	F		70	U
Total expense		310	F		2,100	U
Net operating income	$	670	U	$	2,140	U

Total grade: 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 1.0×1/40 + 0.0×1/40 + 1.0×1/40 + 0.0×1/40 + 1.0×1/40 + 0.0×1/40 + 1.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 1.0×1/40 + 0.0×1/40 + 1.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 1.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 1.0×1/40 + 0.0×1/40 + 1.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 0.0×1/40 + 1.0×1/40 + 0.0×1/40 + 0.0×1/40 = 0% + 0% + 0% + 0% + 0% + 3% + 0% + 3% + 0% + 3% + 0% + 3% + 0% + 0% + 0% + 0% + 0% + 3% + 0% + 3% + 0% + 0% + 0% + 0% + 0% + 3% + 0% + 0% + 0% + 3% + 0% + 3% + 0% + 0% + 0% + 0% + 0% + 3% + 0% + 0%

Feedback:

Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31
	Planning Budget		Activity Variances			Flexible Budget		Revenue and Spending Variances			Actual Results
Cars washed (q)		9,000					8,800					8,800
Revenue ($4.90q)	$	44,100	$	980	U	$	43,120	$	40	U	$	43,080
Expenses:
Cleaning supplies ($0.80q)		7,200		160	F		7,040		520	U		7,560
Electricity ($1,200 + $0.15q)		2,550		30	F		2,520		150	U		2,670
Maintenance ($0.20q)		1,800		40	F		1,760		500	U		2,260
Wages and salaries ($5,000 + $0.30q)		7,700		60	F		7,640		860	U		8,500
Depreciation ($6,000)		6,000		0	None		6,000		0	None		6,000
Rent ($8,000)		8,000		0	None		8,000		0	None		8,000
Administrative expenses ($4,000 + $0.10q)		4,900		20	F		4,880		70	U		4,950
Total expense		38,150		310	F		37,840		2,100	U		39,940
Net operating income	$	5,950	$	670	U	$	5,280	$	2,140	U	$	3,140

Question 24: Score 0/4

Your response

Correct response

Exercise 10-13 Flexible Budget [LO1]

Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:

	Fixed Cost Per Month				Cost per Machine-Hour
Direct materials						$	4.25
Direct labor		$	36,800
Supplies						$	0.30
Utilities		$	1,400			$	0.05
Depreciation		$	16,700
Insurance		$	12,700

For example, utilities should be $1,400 per month plus $0.05 per machine-hour. The company expects to work 5,000 machine-hours in June. Note that the company's direct labor is a fixed cost.

Required:

Prepare the company's planning budget for manufacturing costs for June. (Omit the "$" sign in your response.)

Wyckam Manufacturing Inc. Planning Budget for Manufacturing Cost For the Month Ended June 30
Direct materials	$	1 (0%)
Direct labor		1 (0%)
Supplies		1 (0%)
Utilities		1 (0%)
Depreciation		1 (0%)
Insurance		1 (0%)
Total manufacturing cost	$	1 (0%)

Exercise 10-13 Flexible Budget [LO1]

Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:

	Fixed Cost Per Month				Cost per Machine-Hour
Direct materials						$	4.25
Direct labor		$	36,800
Supplies						$	0.30
Utilities		$	1,400			$	0.05
Depreciation		$	16,700
Insurance		$	12,700

For example, utilities should be $1,400 per month plus $0.05 per machine-hour. The company expects to work 5,000 machine-hours in June. Note that the company's direct labor is a fixed cost.

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