Question
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
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:
Fixed Element per Month | Variable Element per Customer Served | Actual Total for May | |
---|---|---|---|
Revenue | $ 5,700 | $ 209,500 | |
Employee salaries and wages | $ 64,000 | $ 1,100 | $ 106,400 |
Travel expenses | $ 560 | $ 19,000 | |
Other expenses | $ 43,000 | $ 40,700 |
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.
6. What is Adgers revenue variance for May?
7. 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:
Fixed Element per Month | Variable Element per Customer Served | Actual Total for May | |
---|---|---|---|
Revenue | $ 5,700 | $ 209,500 | |
Employee salaries and wages | $ 64,000 | $ 1,100 | $ 106,400 |
Travel expenses | $ 560 | $ 19,000 | |
Other expenses | $ 43,000 | $ 40,700 |
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.
7. What is Adgers employee salaries and wages spending variance for May?
Note: 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
8.
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:
Fixed Element per Month | Variable Element per Customer Served | Actual Total for May | |
---|---|---|---|
Revenue | $ 5,700 | $ 209,500 | |
Employee salaries and wages | $ 64,000 | $ 1,100 | $ 106,400 |
Travel expenses | $ 560 | $ 19,000 | |
Other expenses | $ 43,000 | $ 40,700 |
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.
8. What is Adgers travel expenses spending variance for May?
Note: 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.
9.
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:
Fixed Element per Month | Variable Element per Customer Served | Actual Total for May | |
---|---|---|---|
Revenue | $ 5,700 | $ 209,500 | |
Employee salaries and wages | $ 64,000 | $ 1,100 | $ 106,400 |
Travel expenses | $ 560 | $ 19,000 | |
Other expenses | $ 43,000 | $ 40,700 |
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.
9. What is Adgers other expenses spending variance for May?
Note: 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.
10.
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:
Fixed Element per Month | Variable Element per Customer Served | Actual Total for May | |
---|---|---|---|
Revenue | $ 5,700 | $ 209,500 | |
Employee salaries and wages | $ 64,000 | $ 1,100 | $ 106,400 |
Travel expenses | $ 560 | $ 19,000 | |
Other expenses | $ 43,000 | $ 40,700 |
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.
10. What amount of revenue would be included in Adgers planning budget for May?
11.
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:
Fixed Element per Month | Variable Element per Customer Served | Actual Total for May | |
---|---|---|---|
Revenue | $ 5,700 | $ 209,500 | |
Employee salaries and wages | $ 64,000 | $ 1,100 | $ 106,400 |
Travel expenses | $ 560 | $ 19,000 | |
Other expenses | $ 43,000 | $ 40,700 |
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.
11. What amount of employee salaries and wages would be included in Adgers planning budget for May?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started