Budget Activity
Use the sample budget document in D2L to answer the following questions.
Juestion 1 [3 pts)
a. What is the year to date actual total revenue?
b. Whats the year to date budgeted total revenue?
c. What is the variance between a and b?
d._ Is this variance considered in the red or black?
Question 2 (3 pts!
a. What is the year to date actual employee expense in wages?
b, What is the year to date budgeted employee expense in wages?
c. Whatis the variance between a and b?
d. Is this variance considered in the red or black?
Question 3 [4 pts
What is the year to date actual subtotal operating expense?
What is the year to date budgeted subtotal operating expense?
What is the variance between a and b?
Is this variance considered in the red or black?
What expense is not included in this subtotal operating expense that contributes
to the total operating expense?
ppooe
Juestion 4 (3 pts,
a. To date, is this facility operating at a profit or loss? [Grand Total Profit/Loss]
(not budgeted)
b, Based on your answer for 4a, how large is the variance from the budgeted
profit/loss?
Question 5 [2.5 pts]
a. Based on the line item entries, what is the largest debited item (specify in
dollar amount)?
b. Part of what series?
c. What entry date?
uestion 6 [2.5 pts]
a. Based on the line item entries, what is the largest credited item (specify in
dollar amount)?
b. Part of what series?
c. What entry date?
Question 7 [3 pts]
a. Based on the line item entries, what total dollar amount was spent on “uniforms
and laundry”?
Question 8 [4 pts
a. Based on the line item entries, what total dollar amount was spent on
“Maintenance & Repairs"?b. Inreference to 8a, what does FF&E stand for in budgeting?