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During September, Clendennen Corporation budgeted for 36,000 customers, but actually served 34,000 customers. The company uses the following revenue and cost formulas in its budgeting.
During September, Clendennen Corporation budgeted for 36,000 customers, but actually served 34,000 customers. The company uses the following revenue and cost formulas in its budgeting. where q is the number of customers served: Revenue: $4.66q Wages and salaries: $36,100 $1.82q Supplies: $0.72q Insurance: $13.100 Miscellaneous expense: $6,100 $0.22q Required Prepare the company's flexible budget for September based on the actual level of activity for the month Clendennen Corporation Flexible Budget For the Month Ended September 30 Actual customers served Revenue Expenses: 34,000 Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net opersting income
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