Budget

Activity Use the sample budget document in D2L to answer the following questions. Question 1 [3 pts] a. What is the year to date actual total revenue? b. What is 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. What is the variance between a and b? d. Is this variance considered in the red or black? Question 3 [4 pts] a. What is the year to date actual subtotal operating expense? b. What is the year to date budgeted subtotal operating expense? c. What is the variance between a and b? d. Is this variance considered in the red or black? e. What expense is not included in this subtotal operating expense that contributes to the total operating expense? Question 4 [3 pts] a. To date, is this facility operating at a profit or 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? b. Part of what series? c. What entry date? Question 6 [2.5 pts] a. Based on the line item entries, what is the largest credited item? 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. In reference to 8a, what does FF&E stand for in budgeting?