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Maxwell Corporation repairs heavy farming machinery. The company has determined the following fixed and variable cost estimates for budgeting purposes. Fixed Amount Per Month Variable

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Maxwell Corporation repairs heavy farming machinery. The company has determined the following fixed and variable cost estimates for budgeting purposes. Fixed Amount Per Month Variable Amount Per Machine Repaired $4,500 $500 $60,000 Revenue Employee Salaries and Wages Repair Materials Other Expenses $700 $20,000 The company's planning budget assumed that 100 machines would be repaired. The actual number of machines repaired during the period was 110 and the actual employee salaries and wages for the period were $100,000. "Employee salaries and wages" in Maxwell's flexible budget for the period would have been: 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 $8,500 0 $8,320 $8,320 $7,830 0 $8,850 $8,850

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