prepare a sales budget, including a schedule of expected cash collection e ) prepare a production budget. g ) prepare a direct material budget, including a schedule of expected cash disbursements for purchases of materials. Question 3 (10 Marks) Bawadi Nursery generates revenues through offering kindergarten services. During February 2019, the Nursery budgeted for 3.300 children. The actual number of children were, however, 3,340.
CLICK HERE TO PLACE AN ORDER
The Nursery has provided you with the following budget data for February: Variable Fixed clement element per child per month Revenue $23.60 Wages and $3,500 salaries Foods and supplies Facility expenses Administrative $7.20 1,500 13.3 9,500 4.7 6,800 0.40 expenses Total expenses $37,200 $11.10 Students 3.300 The actual results for February were as follows: Revenue $124,830 Wages and salaries $28,818 Foods and $44.652 supplies Facility $24,218 expenses Administrative $7,886 expenses Students 3,340 Required: Prepare a planned budget (static budget) for Bawadi Nursery for February (2 Marks) a. Prepare a performance report for revenue and spending variances for February indicating whether (7 Marks) b. they are Favourable (F) or Unfavourable (U). When is a planned budget (static) performance report useful for assessing performance? (1 Mark) 10 Ans. Get Accounting Homework Help Today