The following cost formulas were used to construct the planning budget: Cost Formulas $17.00g $12.009 $3,600 $1,550 $775 $10,550 + $3.00q Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Required: 1.Complete the flexible budget performance report for September. Note: 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. Liters of blood collected Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Total expense Actual Results Saint Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Flexible Budget 620 $ 10,350 6,235 $ 3,955 1,550 867 12,595 35,552 Planning Budget 500 8,500 6,000 3,600 1,550 775 12,050 $ 32,475 $
The following cost formulas were used to construct the planning budget: Cost Formulas $17.00g $12.009 $3,600 $1,550 $775 $10,550 + $3.00q Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Required: 1.Complete the flexible budget performance report for September. Note: 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. Liters of blood collected Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Total expense Actual Results Saint Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Flexible Budget 620 $ 10,350 6,235 $ 3,955 1,550 867 12,595 35,552 Planning Budget 500 8,500 6,000 3,600 1,550 775 12,050 $ 32,475 $
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 1E: Budget performance reports for cost centers Partially completed budget performance reports for...
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