perfect parties inc has several divisions, one of which provides birthday partie

Question

perfect parties inc has several divisions, one of which provides birthday parties at their facility, and has provided the actual and planning budget results for the month of june. the controller has asked you prepare the birthday party divisions budget performance report. use the information included in the excel simulation and the excel functions described below to complete the task.

KB 1 Perfect Parties, Inc has several divisions One division provides birthday parties at their facility 2 Each party sold provides entertainment, decorations, food, and party favors for 10 children 3 the bookkeeper has prepared a report comparing actual resufts for the month of June to budgete Perfect Parties Birthday Party Division Analysis of Revenues and Costs For the Month Ended lune 30 Planning Budget Actual Results varlances ii sumber of parties 80 92 13 tevenue 36.000 5 9560 S 3560 F 3560F : Food costs 16 Party supples ,200 8 648 2003,404 7,728 3,500 1448 U 204 U 328 U 200 Party worker wages 6 400 3.700 9 Equipment degreciation 20 Rent 1 fotal expense 22 eet oeratrg income one None 5 000 5 000 S40-2780 u 3800 5 10078 e to search

Explanation / Answer

Perfect Parties Birthday Parties Division Flexible Budget Performance Report For the month ended June 30 Planning Budget Activity Variances Flexible Budget Revenue and Spending Variances Actual Results Number of Parties 80 92 92 Revenue $ 36,000 $ 5,400 F $ 41,400 $ 1,840 U $ 39,560 Expenses Food Costs 7,200 1,080 U 8,280 368 U 8,648 Party Supplies 3,200 480 U 3,680 276 F 3,404 Party Worker Wages 6,400 960 U 7,360 368 U 7,728 Administrative Salaries 3,700 None 3,700 200 F 3,500 Equipment Depreciation 1,200 None 1,200 None 1,200 Rent 5,000 None 5,000 None 5,000 Total Expense 26,700 2,520 U 29,220 260 U 29,480 Net Operating Income 9,300 2,880 F 12,180 2,100 U 10,080

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