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During September, Clendennen Corporation budgeted for 47,000 customers, but actually served 45,000 customers. The company uses the following revenue and cost formulas in its budgeting,
During September, Clendennen Corporation budgeted for 47,000 customers, but actually served 45,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.60q Wages and salaries: $37,200+ $1.93q Supplies: $0.83q Insurance: $14,200 Miscellaneous expense: $7,200 + $0.33q Required: Prepare the company's flexible budget for September based on the actual level of activity for the month. ELCOME HOME
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