Velazques Jeep Tours operates jeep tours in the heart of the Colorado Rockies. T

Question

Velazques Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (i.e., cost drivers), namely guests and jeeps. One vehicle used in one tour on one day counts as a jeep. Each jeep has one tour guide. The company uses the following data in its budgeting:

Required:

Complete the report showing the company's activity variances for March. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Velazques Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (i.e., cost drivers), namely guests and jeeps. One vehicle used in one tour on one day counts as a jeep. Each jeep has one tour guide. The company uses the following data in its budgeting:

Explanation / Answer

Working:

                                                 Velazques Jeep Tours                                                       Activity Variances                                          For the Month Ended March 31   Revenue 1140 U




  Expenses:

  Tour guide wages 210 U   Vehicle expenses 20 U   Administrative expenses 12 F




  Total expense 218 U




  Net operating income 1358 U

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