A 100-room hotel budgeted an occupancy of 75% and an average room rate of $100 per room for year 2020. Actual occupancy was 50% and average room rate was $90. Assume 365 days in a year. Find the variance in total room revenue, variance in rooms sold and variance in average room rate, and then use the variance analysis matrix to find the constituents in total rooms revenue variance by breaking it up into price variance and quantity variance.

Q: At the start of 2021, X Company developed the following budgeted total cost function: $9.46X +…

A: In a flexible budget for Total Cost, the total cost is calculated for Actual production.   In the…

Q: Bellingham Company produces a product that requires 8 standard direct labor hours per unit at a…

A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor time…

Q: Use the following information to complete variance analysis for Maple Co. Budgeted Units 40,000…

A: Direct labour price variance is the difference between standard labour cost and actual labour cost…

Q: Example: The budgeted sales of SM Ltd were 740 units at a selling price of $21. The actual sales…

A: Variance analysis: It is the technique in budgeting that allows for analysis of the variances…

Q: Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a…

A: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked…

Q: If the project's current total earned value (EV) is $100,000 and the actual amount spent (AC) is…

A: The concept of cost variance indicates the difference between the actual cost incurred and budgeted…

Q: Robeson Company estimates it will produce and sell 3,000 units next month. Data on costs follows:…

A: Direct materials Price variance = (SP - AP)*AQ = ($9 - $9.25)*1500  = $375 U

Q: nfromation on Pio's FOH costs for the May 2020 production activity is as follows: Budgeted Fixed…

A: Volume variance means the difference between the absorbed overhead and actual overhead.

Q: At the start of 2020 , XYZ Company Developed the following budgeted total cost function i.e $12.50X…

A: A flexible budget variance is any distinction between the results generated by a flexible budget…

Q: Complete the following partial flexible budget performance report, and indicate whether each…

A: Since there are multiple questions, we will answer only first question. If you want remaining…

Q: determine the enrollment variance for a month determine the utilization variance for the month…

A: The question is based on the concept of Cost Accounting.

Q: Below are the monthly sales forcast and actual monthly sales for Company. Company has hired you to…

A: Sales variance is the difference between the actual sales and budgeted sales of an entity. Whereas…

Q: The fixed budget for 20,000 units of production shows sales of $400,000; variable costs of $80,000;…

A: Working:

Q: Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a…

A: Direct labor rate variance = (Actual rate - Standard rate) x Actual hours Direct labor time variance…

Q: One subunit of Harris Sports Company had the following financial results last month: E (Click the…

A: Performance Evaluation Report Performance evaluation is outlined as a formal and productive…

Q: To calculate the performance report of advertising revenue at the Daily News for March 2021, below…

A: Revenue variance refers to difference between the budgeted and actual revenue. Revenue variance=…

Q: Deems Company’s budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Budgeted factory overhead = Variable factory overhead + Fixed factory overhead = (18000×P4) +…

Q: he following data is for the month of June for the Sylvie Co.   Master Budget: Sales of…

A: The variance is the difference between actual and budgeted data of production.

Q: The LM30 Company produces circuits for TV manufacturers. A new accountant intern at LM30 has…

A: The variance is the difference between standard and actual production data. The variance can be…

Q: At the start of 2021, X Company developed the following budgeted total cost function: $9.52X +…

A: Total Cost in a flexible budget is based on the actual number of units produced.   In the given…

Q: Ichigo Company has the following information for the third quarter of 2020: Actual total overhead…

A: Ichigo company's Actual total overhead which is fixed + variable = Php374850 Budget formula =…

Q: Golden Inc. produces swimsuits. The following budgeted and actual amounts are for 2020: Cost Budget…

A: Budget is the estimate made for future period of time. Budgets are compared with actual results in…

Q: Shoeco sell shoes and has the following information for February 2020. The budget was created in…

A: Shoe Company…

Q: If the budget for your hotel had 100 rooms, open 300 days a year, with 50% occupancy and an ADR of…

A: Part-D Marginal Cost Variance = ( Budgeted Rate - Actual Rate ) x Actual Rooms Sold Part-E Room…

Q: Deems Company’s budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: SOLUTION- WORKING NOTE- TOTAL BUDGET OVERHEAD = FIXED BUDGET OVERHEAD +(VARIABLE FACTORY OVERHEAD…

Q: The following data were collected by Bemidji Co. for the month of June: Static budget data: Sales…

A: Actual revenue=15000×$45=$675,000

Q: Deems Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Formula: Applied factory overhead = Fixed factory overhead + Standard direct labor + Favorable…

Q: LJ Company has the following information for the third quarter of 2018:

A: Standard costing is a tool used in accounting in which the estimates are drawn about the expenses…

Q: For the coming period Candy has budgeted to purchase and use 41,650 ounces of icing at $0.21 an…

A: Variance is the amount of deviation from the pre-set standards of the company. Variance is found…

Q: Deems Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Formula: Applied factory overhead = Budgeted fixed factory overhead + standard direct labor cost +…

Q: Shaw Incorporated began this period with a budget for 1,070 units of predicted production. The…

A: Variance analysis is an evaluation of the discrepancy between actual and planned data. The sum of…

Q: Janco Industries Flexible Budget Performance Report: Sales and Operating Expenses For the Month…

A:

Q: Mia Wiz sells computers. During May, it sold 400 computers at a $900 per unit price. The fixed…

A: The variance is the difference between the actual data and standard output of the production.

Q: Deems Company’s budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: In two way variance Controllable variance=[Variable absorbed budgeted+Fixed budgeted]-Actual Total…

Q: Deems Company's budgeted fixed factory overhead cost is P50,000 per month plus a variable factory…

A: Formula    Flexible budget variance  =   (Vaeiable  budgeted overhead - variable     actual…

Q: Classify all items listed in the fixed budget as variable or fixed.  Also determine their amounts…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: One subunit of Harris Sports Company had the following financial results last month: (Click the icon…

A: whenever there is expenses that has to be incord standard are set for such expenses. when the actual…

Q: Bellingham Company produces a product that requires 7 standard direct labor hours per unit at a…

A: Variance refers to a change between the expected value and the actual result. This term is usually…

Q: The production cost for a waterproof phone case is $9 per unit and fixed costs are $27,000 per…

A: Standard cost = Total fixed costs + No. of units produced  x Variable cost per unit = 27000 + 5000*9…

Q: Information relating to actual costs and variances for year 2019 is shown below. The budgeted…

A: Workings:

Q: The following information is available from the KANSAN CORP.: Actual factory O/H…

A: In budget planning or managerial accounting, variance analysis is the examination of differences…

Q: LOFAT Co. uses the two-way variance analysis for overhead performance. The budgeted factory overhead…

A: Factory Overhead Applied: One kind of direct overhead expenditure is called an applied overhead, and…

Q: If the budget for your hotel had 100 rooms, open 300 days a year, with 50% occupancy and an ADR of…

A: Note:- Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Infromation on Pio's FOH costs for the May 2020 production activity is as follows: Budgeted Fixed…

A: Following is the answer of given question

Q: The production cost for a waterproof phone case is $9 per unit and fixed costs are $28,000 per…

A: Standard variable cost per unit = $9 Standard fixed cost = $28,000 Units = 5800 Total standard cost…

Q: WXY Corporation manufactures lambs. Here below static budget and actual results are presented;…

A: Meaning of Income Statement performance report:- Income Statement Performance Report  helps a…

Q: Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture…

A: Flexible Budget    Desk sales 194,040   186,480 / 148*154  Chair sales 32,640   28,560 / 56*64…

Q: Clementine Company makes skateboards. They prepare master and flexible budgets and then perform…

A: Flexible budget can be termed as the difference between flexible budget and actual figures.

Q: Sunshine Company has the following direct labor standard for its Sunny Sunglasses. 1.2 standard…

A: Standard data: Hour = SH 1.2 * 2000 = 2400 hours Rate = SR = $10 per hour Cost = SC = 10 * 2400 =…