Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. last month, the town of grand valley established a

Last month, the town of Grand Valley established a parking enforcement unit to write parking...

90.2K

Verified Solution

Question

Accounting

Last month, the town of Grand Valley established a parking enforcement unit to write parking tickets. They budgeted $3,789 for the unit's first 30 days and estimated that the parking officers would write 52 parking tickets per day in those first 30 days. In addition, they estimated that officers would take 12 minutes to issue a ticket. In actuality, the enforcement unit officers issued 45 tickets per day averaging 16 minutes per ticket. Moreover, the officers were paid 40 cents more per ticket than budgeted.
Task:
In Excel, create a budget to actual presentation of each line item including calculations of total expenses, dollar and percent variances, and favorable or unfavorable labels for each. Overall, in a few sentences, what does the variance analysis suggest?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Name the quadrant or axis where each point lies 0 1 Choose one 4 6...

Basic Math
Q

A vertical composite rod made up from a solid part connected in series with a hollow...

Mechanical Engineering
Q

With appropriate sketching and with your own words, explain the relationship between damping ratio and system...

Electrical Engineering
Q

4 The muscle contracts when thin and thick filaments slide past each other What is...

Biology
Q

Exercise 11-13 (Algo) Recording and reporting treasury stock transactions LO P3 $.790,000 251,000 920,000 $...

Accounting
Q

A company, with no inter-segment revenue, reports total revenue for an accounting period of 15m....

Accounting
Q

Taylor Corporation has used a periodic inventory system and the LIFO cost method since its...

Accounting
Q

Fog Lifter Coffee Roasting Company of Benicia, California roasts two unique blends of coffee beans:...

Accounting
Q

Company Z had the beginning inventory of 500 units at $15 each. On February 1,...

Accounting
Q

The inventory records of Cyrus Inc. showed the following data for its merchandise inventory. Date...

Accounting
Q

Use the following information to answer questions 1 - 5. The Stockholder's Equity accounts of...

Accounting
Q

If the rate of is 5%, what The nominal interest rate is (Round to two...

Finance