Question
Apple Corporation uses customers served as its measure of activity. Its budget assumption and actual customers served are shown below as well as the static
Apple Corporation uses customers served as its measure of activity. | |||||||
Its budget assumption and actual customers served are shown below | |||||||
as well as the static budget assumptions for the month of November. | |||||||
Budget level | 36,000 | q or Customers | |||||
Actual level | 41,000 | q or Customers | |||||
Budget Assumptions: | |||||||
Revenue | $2.50 | q | |||||
Wages and salaries: | |||||||
Fixed | $21,500 | ||||||
Variable | $0.70 | q | |||||
Supplies | $0.40 | q | |||||
Insurance | |||||||
Fixed | $6,100 | ||||||
Miscellaneous | |||||||
Fixed | $3,700 | ||||||
Variable | $0.40 | q | |||||
The company reported the following actual results for November. | |||||||
Revenue | $105,000 | ||||||
Wages and salaries | $45,900 | ||||||
Supplies | $17,200 | ||||||
Insurance | $6,300 | ||||||
Miscellaneous | $17,600 | ||||||
Prepare the company's flexible budget performance report for November. | |||||||
Label each variance as favorable (F) or unfavorable (U). NEED all Five Columns. |
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