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During September, Clendennen Corporation budgeted for 28,000 customers, but actually served 26,000 customers. The company uses the following revenue and cost formulas in its budgeting,
During September, Clendennen Corporation budgeted for 28,000 customers, but actually served 26,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.83q ,Wages and salaries: $35,300 + $1.74q Supplies: $0.64q Insurance: $12,300 Miscellaneous expense: $5,300 + $0.14q Required: Prepare the company's flexible budget for September based on the actual level of activity for the month.
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