Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Revenue Employee salaries and wages Travel expenses Other expenses Fixed Element per Month $ 52,000 $ 31,000 Variable Element per Customer Served $ 5,300 $ 1,300 $ 700 Amount of revenue included in the planning budget 10. What amount of revenue would be included in Adger's planning budget for May? Actual Total for May $ 199,500 $ 103,600 When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers. $ 25,800 $ 29,900
Required information [The following information applies to the questions displayed below] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below. When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers. What amount of revenue would be included in Adger's planning budget for May? Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers. 2. What amount of travel expenses would be included in Adger's planning budget for May? Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actuat results for May as shown below. When preparing its planning budget the company estimated that it would serve 35 customers per montr; however, during May the company actually served 40 customers. 13. What amount of other expenses would be included in Adger's planning budget for May? Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following foxed and variable cost estimates that it uses for budgeting purposes and the nctuat results for May as shown below: When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers. 14. What activity variance would Adger report in May with respect to its revenue? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance). Input all amounts as positive values.) Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following ficed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: When preparing its planning budget the company estimated that it would serve 35 customers per month: however, during May the company actually served 40 customers. What activity variances would Adger report with respect to each of its expenses for Moy? (Indicate the effect of each variance by lecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Puget Sound Divers is a company that provides diving services such as undervater ship repain to cllents in the Puget Sound area The company's planning budget for Moy appears below During May, the companys actual activity was 240 diving hours. Required: Prepare a flexble budget for May (Round your answers to the nearest whole number) Quilcene Oysteria farms and sels oysters in the Pacific Northwest The company hirvested and sold 7,900 pounds of oysters in August. The companys flexibie budget for August appears below. The actual results for August were as follows: Required: Calculate the companys revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for frvorable, "U" for unfavorable, ard "None" for ne effect (L.e., rere variance), Input all amounts as positive values.) Required: Colculate the company's revenue and spending vartances for August, (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (M.e, xero variance), Input alit amounts as positive values.) Vikan Flyovers offers scenic overfights of Mount Saint Helens, the voicano in Washington Stale that explotively erupted in 1982 . Dute concerning the componys operations in July appear below The company measures its activity in terms of fights. Customers can buy individual tickets for overfights or hire an entire plane for an overtight at a discount. Aequifred: 1. Prepare a fiexible budget performance report for July that includes revenue and spending variances and octvity vartances. (Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e-4 reto variance), Input alf amounts as positive values.) overfiaht as a diecount. Aequlred: 1. Prepore a ferible budget performance report for july that includes revenue and spending variances and activar variances. findicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for ne effect fles zero variance). Input. The Gourmand Cooking 5 chool hans short cooking courses at its shall compus. Management ras identifed two cost diven it uses in its budgeting and performance reports - the number of courses and the totsi number of students. For exsmple. the school miant nun apperar below For example, administrative expenses should be $3,700 per month plus $41 per course plis $4 per itudent. The companys sales should average $890 per student. The compary planhed to run four courses wh a total of 61 students, however, it actually inn four courses wet a fotal of eriy 55 students. The actual operating results for September were os follows: Mequired: findicate the effect of each variance by selecting "F" for favorabie, " U " for unfavorable, and "None" for no effect ple, tero variance), Input all amounts as posialve values.) Required: Propar a then ble budget performonce report that shows both revenue and spending vartances and actevity variances for Septembet Andicate the effect of each veriance by welecting "F" for forvorable, "U" for unfaworable, and "None" for no eflect lle- xeto variance). Input all amounts as positive values.) Adger Corporation is a service company that measures its output based on the number of customess served. The company provided the following frod and variable cost estimates that it uses for budgeting purposos and the actual results for May as shown below. When preparing its planning budget the company estimated that it would serve 35 customers per month, however, during May the company actually served 40 customers. 5. What is Adger's revenue variance for May? (indicate the effect of each variance by selecting "F" for favorable, "U* for unfavorable, and "None" for no effect (l.e., zero variance). input all amounts as positive values.)
