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Anonymous
timer Asked: Jun 28th, 2018
account_balance_wallet $15

Question description

there are about seven or eight qestions. two of which should be answered in a min of 150 words.

thanks in advance

Resource: Jeemp Template. Mr. Beridon received your requests for information and returned data which you have compiled in an Microsoft® Excel® spreadsheet (see document template). He also said, "We grow sod and trees at Jeemp Farms. We sell the sod mainly to home builders in the area, although we sell to some individuals who are purchasing square footages to re-sod their yard. Many home builders will purchase to sod an entire subdivision. They then may come back to us to purchase trees for the yards. It really is a package deal. For builders like that, we are a one-stop-shop. In most cases, however, we sell the trees to orchards and some individuals. The purchaser is responsible for all shipping costs related to their product." "Our production process is different for each product. For sod, we plant the seed, irrigate, cut, and roll the sod and then transport it. For the trees, we plant the root stock, graft the tree, water until a particular maturity and then dig it up and sell it. We inspect the plants as needed to make sure we are producing a quality product that is disease-free." "We have delayed purchasing some machinery that reduces time for the planting of the trees because it is a large up-front cost and we don't want to have a huge outlay of cash if our profits keep going down." "The grass does not require as much irrigation as the trees, as it is at a lower elevation than the tree acres and is closer to the creek; it gets a lot of the run off." "Historically, we have always been able to sell everything we produce. Hopefully, that will continue since Houston is expanding rapidly." Include the following, min of 150 words each topic • • Describe any factors that could skew your results. In other words, explain if there is one method of costing that could make a product look more favorable than it really is. Describe other methods of analysis you could use to help you come to a decision. Connect work 1.Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company’s planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($390.00q) $ Expenses: Wages and salaries ($11,400 + $126.00q) Supplies ($5.00q) Equipment rental ($2,100 + $21.00q) 400 156,000 61,800 2,000 10,500 Insurance ($4,100) Miscellaneous ($500 + $1.48q) 4,100 1,092 Total expense 79,492 Net operating income $ 76,508 Required: During May, the company’s activity was actually 390 diving-hours. Complete the following flexible budget for that level of activity. Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income . 2. Flight Café is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The company’s planning budget for July appears below: Flight Café Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.00q) $ 26,000 104,000 Expenses: Raw materials ($2.20q) Wages and salaries ($6,200 + $0.20q) Utilities ($2,200 + $0.05q) Facility rent ($3,800) Insurance ($2,200) Miscellaneous ($400 + $0.10q) 57,200 11,400 3,500 3,800 2,200 3,000 Total expense 81,100 Net operating income $ 22,900 In July, 27,000 meals were actually served. The company’s flexible budget for this level of activity appears below: Flight Café Flexible Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.00q) $ Expenses: Raw materials ($2.20q) Wages and salaries ($6,200 + $0.20q) Utilities ($2,200 + $0.05q) Facility rent ($3,800) Insurance ($2,200) Miscellaneous ($400 + $0.10q) 59,400 11,600 3,550 3,800 2,200 3,100 Total expense Net operating income 27,000 108,000 83,650 $ 24,350 Required: 1. Compute the company’s activity variances for July. (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.) Flight Café Activity Variances For the Month Ended July 31 Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income 3.Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 pounds of oysters in August. The company’s flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) Revenue ($4.10q) $ Expenses: Packing supplies ($0.35q) 7,500 30,750 2,625 Oyster bed maintenance ($3,300) Wages and salaries ($2,100 + $0.50q) Shipping ($0.60q) Utilities ($1,210) Other ($440 + $0.01q) 3,300 5,850 4,500 1,210 515 Total expense 18,000 Net operating income $ 12,750 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $ 26,700 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,795 3,160 6,260 4,230 1,020 1,135 Total expense Net operating income 18,600 $ 8,100 Required: Compute the company’s revenue and spending variances for August. (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.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 4 .Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Division Sales Average operating assets Net operating income Property, plant, and equipment (net) New South Queensland Wales $2,275,000 $2,781,000 $ 650,000 $ 515,000 $ 232,050 $ 200,232 $ 265,000 $ 215,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. (Round your answers to 2 decimal places.) Margin Turnover ROI Queensland division % % New South Wales division % % 2. Which divisional manager seems to be doing the better job? Queensland division New South Wales division 5. A planning budget is prepared before the period begins and is valid for whatever the actual level of activity turns out to be. o o True False 6. A flexible budget can be used to estimate what revenues and costs should have been, given the actual level of activity for the period. o o True False 7. A balanced scorecard consists of an integrated set of performance measures that are derived from and support a company’s strategy. o o True False

Tutor Answer

Accounting_Teacher
School: UT Austin

Hi, heer is your assignment :). Let me know if you have any questions okay :)

Resource: Jeemp Template.
Mr. Beridon received your requests for information and returned data which you have compiled in an
Microsoft® Excel® spreadsheet (see document template). He also said, "We grow sod and trees at
Jeemp Farms. We sell the sod mainly to home builders in the area, although we sell to some individuals
who are purchasing square footages to re-sod their yard. Many home builders will purchase to sod an
entire subdivision. They then may come back to us to purchase trees for the yards. It really is a package
deal. For builders like that, we are a one-stop-shop. In most cases, however, we sell the trees to
orchards and some individuals. The purchaser is responsible for all shipping costs related to their
product."
"Our production process is different for each product. For sod, we plant the seed, irrigate, cut, and roll
the sod and then transport it. For the trees, we plant the root stock, graft the tree, water until a particular
maturity and then dig it up and sell it. We inspect the plants as needed to make sure we are producing a
quality product that is disease-free."
"We have delayed purchasing some machinery that reduces time for the planting of the trees because
it is a large up-front cost and we don't want to have a huge outlay of cash if our profits keep going down."
"The grass does not require as much irrigation as the trees, as it is at a lower elevation than the tree
acres and is closer to the creek; it gets a lot of the run off."
"Historically, we have always been able to sell everything we produce. Hopefully, that will continue
since Houston is expanding rapidly."
Include the following, min of 150 words each topic



Describe any factors that could skew your results. In other words, explain if there is one method of
costing that could make a product look more favorable than it really is.
Describe other methods of analysis you could use to help you come to a decision.

Connect work
1.Puget Sound Divers is a company that provides diving services such as underwater ship repairs to
clients in the Puget Sound area. The company’s planning budget for May appears below:

Puget Sound Divers
Planning Budget
For the Month Ended May 31
Budgeted diving-hours (q)
Revenue ($390.00q)
$
Expenses:
Wages and salaries
($11,400 + $126.00q)
Supplies ($5.00q)
Equipment rental ($2,100 +
$21.00q)

400
156,000

61,800
2,000
10,500

Insurance ($4,100)
Miscellaneous ($500 +
$1.48q)

4,100
1,092

Total expense

79,492

Net operating income

$

76,508

Required:
During May, the company’s activity was actually 390 diving-hours. Complete the following flexible budget
for that level of activity.

Puget Sound Divers
Flexible Budget
For the Month Ended May 31
Revenue

152,100

Expenses:
Wages and salaries

60,540

Supplies

1, 950

Equipment rental

10,290

Insurance

4100

Miscellaneous

1,077

Total expense

77,957

Net operating income

74,043

.

Solution:

Revenue: 390 * 390 = $152,100
Expenses: 11,400 + (390 *126) =$60,540
Supplies: 5 * 390 =$1,950...

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Anonymous
Goes above and beyond expectations !

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