ACCOUNTING FOR BUSINESS

NI PUTU YOUNG YENYUO ANTARYSHIA

2440007043
LC24

EXERCISE 10-1 (1)

APRIL MAY
February sales $ 23,000.00
March sales $ 182,000.00 $ 26,000.00
April sales (300000 x 20%) $ 60,000.00 $ 210,000.00
May sales $ 100,000.00
June sales
Total Cash Collections $ 265,000.00 $ 336,000.00

EXERCISE 10-1 (2)

From may sales $ 50,000.00

From june sales $ 160,000.00
$ 210,000.00

Exercise 11-8 Flexibel budget

Particulars Amount Amount
Number of Carwash 9,000 Cars
Revenue $44,100
Total Revenues $44,100
Expenses:
Cleaning Supplies $7,200
Electricity $2,550
Maintenance $1,800
Wages and salaries $7,700
Depreciation $6,000
Rent $8,000
Administrative expenses $4,900
Total Expense $38,150
Net Operating Income $5,950

Working note:
Calculate the amount of revenue.
Revenue = Number of carwash * Amount of collection for per car wash
Revenue = 9,000 cars * $4.90
Revenue = $44,100

Calculate the cleaning supplies expenses

Cleaning supplies expenses = Fixed cost + Variable cost
Cleaning supplies expenses = Fixed cost + (Number of carwash * Variable cost per car washed)
Cleaning supplies expenses = $0 + (9,000 cars * $0.80)
Cleaning supplies expenses = $7,200

Calculate electricity expenses.

Electricity expenses = Fixed cost + Variable cost
Electricity expenses = Fixed cost + (Number of carwash * Variable cost per car washed)
Electricity expenses = $1,200 + (9,000 cars * $0.15)
Electricity expenses = $2,550

Calculate maintenance expenses.

Maintenance expenses = Fixed cost + Variable cost
Maintenance expenses = Fixed cost + (Number of carwash * Variable cost per car washed)
Maintenance expenses = $0 + (9,000 cars * $0.20)
Maintenance expenses = $1,800

Calculate wages and salaries expenses.

Wages and salaries expenses = Fixed cost + Variable cost
Wages and salaries expenses = Fixed cost + (Number of carwash * Variable cost per car washed)
Wages and salaries expenses = $5,000 + (9,000 cars * $0.30)
Wages and salaries expenses = $7,700

Calculate administrative expenses.

Administrative expenses = Fixed cost + Variable cost
Administrative expenses = Fixed cost + (Number of carwash * Variable cost per car washed)
Administrative expenses = $4,000 + (9,000 cars * $0.10)
Administrative expenses = $4,900

EXERCISE 11-9 FLEXIBEL BUDGET

Particulars Flexible Budget
Revenue (7000*4.90) $ 34,300.00

Expenses
Cleaning Supplies (7000*0.80) $ 5,600.00
Electricity 1200+(7000*0.15) $ 2,250.00
Maintenance 7000*0.20 $ 1,400.00
Wages and Salaries 5000+(7000*0.30) $ 7,100.00
Depreciation $ 6,000.00
Rent $ 8,000.00
Administrative Expenses: 4000+(7000*0.10) $ 4,700.00
Total Expense $ 35,050.00
SS

JUNE TOTAL
$ 23,000.00
$ 208,000.00
$ 30,000.00 $ 300,000.00
$ 350,000.00 $ 450,000.00
$ 40,000.00 $ 40,000.00
$ 420,000.00 $ 1,021,000.00
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