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 30 customers per month; however, during May the company actually served 35 customers. Requirements: (1) Prepare a planning budget for Adger Corporation for the month of May. (2) Prepare a flexible budget for Adger Corporation for the month of May. (3) Prepare a flexible budget performance report for Adger Corporation that shows the company's revenue and spending variances and activity variances for the month of May. REQ. 3: Performance Report for Adger Corporation - May