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Rubic_Print_Format Course Code Class Code Assignment Title Total Points BUS-600 BUS-600-O500 Topic 6 Problems and Cases 20.0 Criteria Percentage Unsatisfactory (0.00%) Less Than Satisfactory...

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Rubic_Print_Format
    Course Code    Class Code    Assignment Title    Total Points
    BUS-600    BUS-600-O500    Topic 6 Problems and Cases    20.0
    Criteria    Percentage    Unsatisfactory (0.00%)    Less Than Satisfactory (74.00%)    Satisfactory (79.00%)    Good (87.00%)    Excellent XXXXXXXXXX%)    Comments    Points Earned
    Topic 6 Ru
ic: Topic 6 Problems and Cases    100.0%
    Completion    10.0%    No problems are attempted.    One of the problems is attempted.    Two of the problems are attempted.    Three of the problems are attempted.    All of the problems are attempted.
    Content    60.0%    The problems demonstrate no understanding of the content.    The problems demonstrate little understanding of the content.    The problems demonstrate a general understanding of the content.    The problems demonstrate a strong understanding of the content.    The problems demonstrate mastery of the content.
    Technical Requirements    30.0%    The assignment is submitted with another tool (Word, PowerPoint, etc.), but is not submitted via an Excel file with one problem or case per worksheet, as required.    The assignment is submitted via an Excel file with one problem or case per worksheet, as required, but there is no demonstration of the appropriate use of the Excel formulas.    The assignment is submitted via an Excel file with one problem or case per worksheet, as required. There seems to be limited knowledge about the proper functions of the Excel formulas.    The assignment is submitted via an Excel file with one problem or case per worksheet, as required. There seems to be a general understanding of the proper functions of Excel formulas.    The assignment is submitted via an Excel file with one problem or case per worksheet, as required. There is an excellent use of Excel formulas to demonstrate mastery of the content.
    Total Weightage    100%
Answered Same Day Nov 08, 2021

Solution

Harshit answered on Nov 11 2021
155 Votes
1
    (A)
    University motor pool Budget report for April
    Particulars    Monthly Budget     April Actual    Ove
Unde
    Gasoline    1500    1720    220
    Oil, minor, Parts    469    550    81
    Outside repairs    400    495    95
    Insurance    1600    1600    0
    Salaries    7500    7500    0
    Depreciation    5867    5867    0
    Total    17336    17732    396
    No. of Automobiles    16    16    
    Actual Miles    31250    35000    
    Cost Per mile    0.555    0.507    
    Working:-
    Gasoline: (31250 miles/25 mil/ gal) * 1.20 per gallon =$1,500                1500
    Oil, etc = 31250 miles * 0.015 per mile = $469                469
    Outside repairs : 300 per auto * 16 autos /12 months = $400                400
    Insurance = Annual Cost for one auto = 18000/15 autos = $1200 per auto                1200
    Annual Cost for 16 autos = 16*1,200 = $19,200                19200
    Monthly cost = 19200/12 = $1,600                1600
    Salaries and Benefits = No change from present budget ($90,000/12=$1,600)                7500
    Depreciation = Annual depreciation per auto = $66,000/ 15 autos = $4,400 per auto                4400
    Annual depreciation for 16 autos = 4,400/auto *16 = $70,400                70400
    Monthly depreciation = $70,400/12= $5,867                5867
    (B)
    Outside automobile repairs are a function of the use of the automobile over the lifetime. These repair occur i
egularly over the year and the life of the car. Therefore the use of 1/12 of the estimated annual outside repair costs adjusted for the no. of cars in operation during a month would appear to be more reasonable.
2
    Operating Budget
    Particulars    1st Quarter    2nd Quarte
    Sales    140000    280000
    Cost of Goods sold (60%* Sales)    84000    168000
    Gross Margin    56000    112000
    Operating Expenses    76075    105475
    Operating Income (loss)    -20075    6525
    Particulars    1st Quarter    2nd Quarte
    Fixed Selling Expenses    25000    25000
    Fixed Administrative Exp    18550    18550
    Depreciation    3125    3125
    Bad Debts (2% of Sales)    2800    5600
    Variable (14% of Sales)    19600    39200
    (5% of Sales)    7000    14000
    Total    76075    105475
3
    Operating Budget
     Particulars      1st Quarter      2nd...
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