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During June, Tarras Corporation plans to serve 31,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the
During June, Tarras Corporation plans to serve 31,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.40q Wages and salaries: $33,100+ $1.52q Supplies: $0.72q Insurance: $11,000 Miscellaneous expense: $4,100 + $0.42q Required: Prepare the company's planning budget for June. Tarras Corporation Planning Budget For the Month Ended June 30 Budgeted customers served Revenue Expenses. Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income 31,000
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