Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / Multiseal Paving & Waterproofing provides knowledge and expertise within a range of specialized divisions, focusing on high-rise building envelope, infrastructure, waterproofing, parking deck, restoration and decorative improvements
Multiseal Paving & Waterproofing provides knowledge and expertise within a range of specialized divisions, focusing on high-rise building envelope, infrastructure, waterproofing, parking deck, restoration and decorative improvements. The company uses flexible budget to control its administrative expenses. The variable admin costs and their relation to the sales are printing 1.5%, order processing 5%, and freight 4%. The monthly fixed admin expenses include supervisor salary $6,000, office rent $3,400 and insurance $800. Monthly sales are expected to range from $125,000 to $150,000. In July 2019, the actual sales were $140,000 and the actual administrative expenses were as follows: printing $2,450, order processing $7,000, and freight $6,200. In addition, the fixed administrative costs were supervisor salary $6,150, office rent $3,500 and insurance $750. Instructions Prepare a flexible budget performance report by usihg the above information.
Multiseal paving and Waterproofing
Flexible budget performance report
Actual results [A]Flexible budget [B]Variance [A-B]Actual sales140000140000Variable costPrinting2450140000*1.5%= 2100350 UOrder processing7000140000*5%= 70000 No effect /NoneFreight6200140000*4%=5600600 UTotal variable cost [i]1565014700950 UFixed costSupervisor salary61506000150 UOffice rent35003400100 UInsurance750800-50 F (enter as 50 F as positive value]Total fixed cost [ii]1040010200200 UTotal cost26050249001150 U
