Mathematics, 28.11.2021 14:00 briannawoods13
Actual Planning
Results Budget Variances
# of Lessons 155 150
Revenue 33,900 33,000 900 F
Expenses:
Instructor Wages 9,870 9,750 120 U
Aircraft Depreciation 5,890 5,700 190 U
Fuel 2,750 2,250 500 U
Maintenance 2,450 2,330 120 U
Ground Facility Expenses 1,540 1,550 10 F
Administration 3,320 3,390 70 F
Total Expenses 25,820 24,970 850 U
Net Operating Income 8,080 8,030 50 F
The planning budget was developed using the following formulas where q is the number of lessons sold.
Cost Formulas
Revenue $220q
Instructor Wages $65q
Aircraft Depreciation $38q
Fuel $15q
Maintenance $530 + $12q
Ground Facility Expenses $1,250 + $2q
Administration $3,240 + $1q
1) Should the owner feel frustrated with the variance reports? Explain. (3 Marks)
2) Using the format provided below, prepare a flexible budget performance report for the school for July. (27 Marks)
3) Evaluate the school's performance for July. (6 Marks)
Answers: 2
Mathematics, 21.06.2019 21:00, makayla10119
When george started his current job, his employer told him that at the end of the first year, he would receive two vacation days. after each year worked, his number of vacation days will double up to five work weeks (25days) of payed vacation. how many vacation days will he have in 4 years
Answers: 1
Mathematics, 21.06.2019 21:30, baltazmapa629n
The length of a field is 100 yards and its width is 75 yards. if 1 inch represents 25 yards, what would be the dimensions of the field drawn on a sheet of paper?
Answers: 1
Actual Planning
Results Budget Variances
# of Lessons 155 150
Revenue 33,900 3...
# of Lessons 155 150
Revenue 33,900 3...
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