FIU ACG 3301 - ADDITIONAL RQ (12 pages)

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ADDITIONAL RQ



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ADDITIONAL RQ

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Lecture Notes


Pages:
12
School:
Florida International University
Course:
Acg 3301 - Accounting for Planning and Control

Unformatted text preview:

ADDITIONAL RQ Ch8 Student Spraque Air uses two measures of activity flights and passengers in the cost formulas in its budgets and performance reports The cost formula for plane operating costs is 40 520 per month plus 2 733 per flight plus 11 per passenger The company expected its activity in June to be 71 flights and 207 passengers but the actual activity was 70 flights and 205 passengers The actual cost for plane operating costs in June was 239 580 1 The activity variance for plane operating costs in June would be closest to A 2 755 U B 2 755 F C 2 740 F D 2 740 U Luc Corporation manufactures and sells a single product The company uses units as the measure of activity in its budgets and performance reports During February the company budgeted for 5 000 units but its actual level of activity was 4 950 units The company has provided the following data concerning the formulas used in its budgeting and its actual results for February 2 The selling and administrative expenses in the planning budget for February would be closest to A 30 490 B 30 495 C 30 500 D 30 190 Worden Hospital bases its budgets on patient visits The hospital s static budget for February appears below 3 The total fixed cost at the activity level of 4 700 patient visits per month should be A 162 620 B 148 780 C 93 060 D 85 140 Murphree Clinic uses client visits as its measure of activity During April the clinic budgeted for 3 300 clientvisits but its actual level of activity was 3 350 client visits The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for April 4 The net operating income in the flexible budget for April would be closest to A 20 115 B 19 519 C 14 425 D 13 550 Tosta 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 May the kennel budgeted for 2 100 tenant days but its actual level of activity was 2 050 tenant days The kennel has provided the



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