Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Comenco Company uses both number of jobs and number of meals as variable components in its cost and revenue formulas when preparing budgets and performance
Comenco Company uses both number of jobs and number of meals as variable components in its cost and revenue formulas when preparing budgets and performance reports. Its revenue formula is a fixed $530 per month plus $110 per job plus $20 per meal. The company expected its activity in October to be 30 jobs and 200 meals, but the actual activity was 32 jobs and 240 meals. The actual revenue for October was $8,500. The amount of revenue in Comenco's flexible budget for October would be: Multiple Choice 0 $8,500 $8,320 $7,830 $8,850
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