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Amadon Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 7,900 units, but its actual level of activity was 7,920 units. The company has provided the following data concerning the formulas to be used in its budgeting: Amadon Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 7,900 units, but its actual level of activity was 7,920 units. The company has provided the following data concerning the formulas to be used in its budgeting: -The direct labor in the planning budget for July would be closest to: A) $41,868 B) $41,080 C) $41,184 D) $41,974 -The direct labor in the planning budget for July would be closest to:


A) $41,868
B) $41,080
C) $41,184
D) $41,974

E) All of the above
F) C) and D)

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Pong Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 2,000 tenant-days, but its actual level of activity was 1,980 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Pong Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 2,000 tenant-days, but its actual level of activity was 1,980 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Actual results for December: -The facility expenses in the flexible budget for December would be closest to: A) $14,640 B) $14,187 C) $14,475 D) $14,700 Actual results for December: Pong Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 2,000 tenant-days, but its actual level of activity was 1,980 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Actual results for December: -The facility expenses in the flexible budget for December would be closest to: A) $14,640 B) $14,187 C) $14,475 D) $14,700 -The facility expenses in the flexible budget for December would be closest to:


A) $14,640
B) $14,187
C) $14,475
D) $14,700

E) B) and C)
F) A) and D)

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Mouton Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 7,300 units, but its actual level of activity was 7,350 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting: Mouton Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 7,300 units, but its actual level of activity was 7,350 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting: Actual results for July: -The spending variance for manufacturing overhead in July would be closest to: A) $780 F B) $690 U C) $780 U D) $690 F Actual results for July: Mouton Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 7,300 units, but its actual level of activity was 7,350 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting: Actual results for July: -The spending variance for manufacturing overhead in July would be closest to: A) $780 F B) $690 U C) $780 U D) $690 F -The spending variance for manufacturing overhead in July would be closest to:


A) $780 F
B) $690 U
C) $780 U
D) $690 F

E) C) and D)
F) A) and D)

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Hertzler Corporation uses customers served as its measure of activity.During November,the company budgeted for 33,000 customers,but actually served 34,000 customers.The company uses the following revenue and cost formulas in its budgeting,where q is the number of customers served: Revenue: $3.20q Wages and salaries: $26,600 + $1.20q Supplies: $0.40q Insurance: $7,900 Miscellaneous: $6,400 + $0.10q The company reported the following actual results for November: Hertzler Corporation uses customers served as its measure of activity.During November,the company budgeted for 33,000 customers,but actually served 34,000 customers.The company uses the following revenue and cost formulas in its budgeting,where q is the number of customers served: Revenue: $3.20q Wages and salaries: $26,600 + $1.20q Supplies: $0.40q Insurance: $7,900 Miscellaneous: $6,400 + $0.10q The company reported the following actual results for November: Required: Prepare a report showing the company's revenue and spending variances for November.Label each variance as favorable (F)or unfavorable (U). Required: Prepare a report showing the company's revenue and spending variances for November.Label each variance as favorable (F)or unfavorable (U).

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Wohner Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During August, the company budgeted for 5,000 units, but its actual level of activity was 5,050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting: Wohner Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During August, the company budgeted for 5,000 units, but its actual level of activity was 5,050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting: Actual results for August: -The overall revenue and spending variance (i.e. ,the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for August would be closest to: A) $7,060 U B) $7,060 F C) $7,980 U D) $7,980 F Actual results for August: Wohner Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During August, the company budgeted for 5,000 units, but its actual level of activity was 5,050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting: Actual results for August: -The overall revenue and spending variance (i.e. ,the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for August would be closest to: A) $7,060 U B) $7,060 F C) $7,980 U D) $7,980 F -The overall revenue and spending variance (i.e. ,the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for August would be closest to:


A) $7,060 U
B) $7,060 F
C) $7,980 U
D) $7,980 F

E) B) and D)
F) A) and C)

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Mock Clinic uses client-visits as its measure of activity. During August, the clinic budgeted for 3,100 client-visits, but its actual level of activity was 3,150 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting: Mock Clinic uses client-visits as its measure of activity. During August, the clinic budgeted for 3,100 client-visits, but its actual level of activity was 3,150 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting: Actual results for August: -The administrative expenses in the planning budget for August would be closest to: A) $5,740 B) $5,934 C) $6,030 D) $5,760 Actual results for August: Mock Clinic uses client-visits as its measure of activity. During August, the clinic budgeted for 3,100 client-visits, but its actual level of activity was 3,150 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting: Actual results for August: -The administrative expenses in the planning budget for August would be closest to: A) $5,740 B) $5,934 C) $6,030 D) $5,760 -The administrative expenses in the planning budget for August would be closest to:


A) $5,740
B) $5,934
C) $6,030
D) $5,760

E) None of the above
F) B) and C)

Correct Answer

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Friou Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 6,300 units, but its actual level of activity was 6,250 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting: Friou Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 6,300 units, but its actual level of activity was 6,250 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting: Actual results for July: -The net operating income in the flexible budget for July would be closest to: A) $19,050 B) $28,279 C) $18,475 D) $27,832 Actual results for July: Friou Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 6,300 units, but its actual level of activity was 6,250 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting: Actual results for July: -The net operating income in the flexible budget for July would be closest to: A) $19,050 B) $28,279 C) $18,475 D) $27,832 -The net operating income in the flexible budget for July would be closest to:


A) $19,050
B) $28,279
C) $18,475
D) $27,832

E) B) and D)
F) C) and D)

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Langner Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,740 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Langner Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,740 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Actual results for February: -The spending variance for medical supplies in February would be closest to: A) $390 F B) $250 U C) $250 F D) $390 U Actual results for February: Langner Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,740 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Actual results for February: -The spending variance for medical supplies in February would be closest to: A) $390 F B) $250 U C) $250 F D) $390 U -The spending variance for medical supplies in February would be closest to:


A) $390 F
B) $250 U
C) $250 F
D) $390 U

E) None of the above
F) B) and D)

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Maliszewski Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,400 tenant-days, but its actual level of activity was 3,410 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Maliszewski Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,400 tenant-days, but its actual level of activity was 3,410 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: -The net operating income in the flexible budget for March would be closest to: A) $14,625 B) $11,320 C) $11,408 D) $14,711 -The net operating income in the flexible budget for March would be closest to:


A) $14,625
B) $11,320
C) $11,408
D) $14,711

E) None of the above
F) All of the above

Correct Answer

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Fussner Medical Clinic measures its activity in terms of patient-visits.Last month,the budgeted level of activity was 1,610 patient-visits and the actual level of activity was 1,670 patient-visits.The cost formula for administrative expenses is $3.30 per patient-visit plus $17,900 per month.The actual administrative expense was $24,600.In the clinic's flexible budget performance report for last month,the spending variance for administrative expenses was:


A) $1,387 U
B) $198 U
C) $69 U
D) $1,189 U

E) B) and C)
F) A) and D)

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During May,Hiles Corporation budgeted for 31,000 customers,but actually served 29,000 customers.The company uses the following revenue and cost formulas in its budgeting,where q is the number of customers served: Revenue: $4.40q Wages and salaries: $35,800 + $1.70q Supplies: $0.60q Insurance: $12,300 Miscellaneous: $5,500 + $0.10q Required: Prepare the company's flexible budget for May based on the actual level of activity for the month.

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If the actual level of activity is 4% more than planned,then the variable costs in the static budget should be increased by 4% before comparing them to actual costs.

A) True
B) False

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Seard Clinic uses patient-visits as its measure of activity.The clinic has provided the following report: Seard Clinic uses patient-visits as its measure of activity.The clinic has provided the following report: Required: Prepare the clinic's flexible budget performance report for December.Label each variance as favorable (F)or unfavorable (U). Required: Prepare the clinic's flexible budget performance report for December.Label each variance as favorable (F)or unfavorable (U).

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Which of the following would not appear on a flexible budget performance report as shown in the text?


A) Variable costs.
B) Mixed costs.
C) A flexible budget adjusted to the actual level of activity.
D) The previous year's actual costs.

E) A) and B)
F) C) and D)

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Lizana Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,680 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December Data used in budgeting: Lizana Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,680 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December Data used in budgeting: Actual results for December: -The activity variance for net operating income in December would be closest to: A) $330 U B) $330 F C) $5,180 U D) $5,180 F Actual results for December: Lizana Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,680 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December Data used in budgeting: Actual results for December: -The activity variance for net operating income in December would be closest to: A) $330 U B) $330 F C) $5,180 U D) $5,180 F -The activity variance for net operating income in December would be closest to:


A) $330 U
B) $330 F
C) $5,180 U
D) $5,180 F

E) None of the above
F) B) and D)

Correct Answer

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Maliszewski Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,400 tenant-days, but its actual level of activity was 3,410 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: Maliszewski Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 3,400 tenant-days, but its actual level of activity was 3,410 tenant-days. The kennel has provided the following data concerning the formulas to be used in its budgeting: -The expendables in the flexible budget for March would be closest to: A) $32,800 B) $31,598 C) $32,895 D) $31,413 -The expendables in the flexible budget for March would be closest to:


A) $32,800
B) $31,598
C) $32,895
D) $31,413

E) A) and C)
F) A) and B)

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Pinion Memorial Diner is a charity supported by donations that provides free meals to the homeless.The diner's budget for August was based on 2,700 meals.The diner's director has provided the following cost formulas to use in budgets: Pinion Memorial Diner is a charity supported by donations that provides free meals to the homeless.The diner's budget for August was based on 2,700 meals.The diner's director has provided the following cost formulas to use in budgets: The director has also provided the diner's statement of actual expenses for the month: Required: Prepare a report showing the spending variances for each of the expenses and for total expenses for August.Label each variance as favorable (F)or unfavorable (U). The director has also provided the diner's statement of actual expenses for the month: Pinion Memorial Diner is a charity supported by donations that provides free meals to the homeless.The diner's budget for August was based on 2,700 meals.The diner's director has provided the following cost formulas to use in budgets: The director has also provided the diner's statement of actual expenses for the month: Required: Prepare a report showing the spending variances for each of the expenses and for total expenses for August.Label each variance as favorable (F)or unfavorable (U). Required: Prepare a report showing the spending variances for each of the expenses and for total expenses for August.Label each variance as favorable (F)or unfavorable (U).

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Crovo Corporation uses customers served as its measure of activity.During December,the company budgeted for 38,000 customers,but actually served 40,000 customers.The company has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Crovo Corporation uses customers served as its measure of activity.During December,the company budgeted for 38,000 customers,but actually served 40,000 customers.The company has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Actual results for December: Required: Prepare a report showing the company's revenue and spending variances for December.Label each variance as favorable (F)or unfavorable (U). Actual results for December: Crovo Corporation uses customers served as its measure of activity.During December,the company budgeted for 38,000 customers,but actually served 40,000 customers.The company has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Actual results for December: Required: Prepare a report showing the company's revenue and spending variances for December.Label each variance as favorable (F)or unfavorable (U). Required: Prepare a report showing the company's revenue and spending variances for December.Label each variance as favorable (F)or unfavorable (U).

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Soehl Natural Dying Corporation measures its activity in terms of skeins of yarn dyed.Last month,the budgeted level of activity was 14,100 skeins and the actual level of activity was 13,700 skeins.The company's owner budgets for dye costs,a variable cost,at $0.40 per skein.The actual dye cost last month was $4,510.In the company's flexible budget performance report for last month,what would have been the spending variance for dye costs?


A) $970 F
B) $132 F
C) $160 F
D) $1,130 F

E) None of the above
F) A) and B)

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Hamner Corporation's flexible budget performance report for last month shows that actual indirect materials cost,a variable cost,was $45,240 and that the spending variance for indirect materials cost was $3,480 unfavorable.During that month,the company worked 17,400 machine-hours.Budgeted activity for the month had been 17,000 machine-hours.The cost formula per machine-hour for indirect materials cost must have been closest to:


A) $2.46
B) $2.87
C) $2.40
D) $2.80

E) None of the above
F) B) and C)

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