WebStep 2: Create flexible budget based on actual units sold and the revenue and cost formula. The static budget and actual operating income may be reconciled as follows: … WebOperating expenses 270,888,188 61,993,286 332,881,474 ... Flexible transportation fund - Budget section approval - Report. There is created in the state treasury the flexible transportation fund. The fund consists of eligible federal or state funding and any ... counties using the formula established in subsection 4 of section 54-27-19.
Flexible Budgeting Process & Benefits - Study.com
WebYou find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. ... you determined the following cost formulas and gathered the following actual cost data for March: Cost Formula Actual Cost in March; Utilities: $16,500 + $0.21 per ... WebFeb 27, 2024 · Static Budget: A static budget is a type of budget that incorporates anticipated values about inputs and outputs that are conceived before the period in question begins. When compared to the ... maxhome new orleans
7.4 Prepare Flexible Budgets - Principles of Accounting, Volume 2 ...
WebOperating income 520 $600 80 F Step 1: Cost formula = static budget / units sold for revenue and variable expenses and total static budget fixed costs Step 2: Create flexible budget based on actual units sold and the cost formula. Solution #2 a) ROI = Controllable Margin $400,000 = 25% Average operating assets $1,600,000 b) ROI = WebExpert Answer. 88% (8 ratings) S …. View the full answer. Transcribed image text: A1 fi Flexible Budget Performance Report Data Revenue Cost of ingredients Wages and salaries Utilities Rent Miscellaneous 16.50 q S10,400 $800 $2,200 $600 $6.25 q $0.20 q $0.80 q 9 10 Actual results Revenue Cost of ingredients Wages and salaries Utilities … WebFlexible budgets are prepared at each analysis period (usually monthly), rather than in advance, since the idea is to compare the operating income to the expenses deemed appropriate at the actual production level. Big Bad Bikes is planning to use a flexible budget when they begin making trainers. max home offer