Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help with 9-12, thank you! Required information (The following information applies to the questions displayed below.) Adger Corporation is a service company that measures

Need help with 9-12, thank you!
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required information (The following information applies to the questions displayed below.) Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Revenue Employee salaries and wages Travel expenses Other expenses Fixed Element Variable Element Actual per per Customer Total Month Served for May $ 5,800 $ 184,088 $ 65,000 $ 1,200 $ 185,300 $ 570 $ 16,500 $ 44,000 $ 41,600 When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers. 9. What is Adger's other expenses spending variance for May? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) Spending variance 10. What amount of revenue would be included in Adger's planning budget for May? Amount of revenue included in the planning budget 11. What amount of employee salaries and wages would be included in Adger's planning budget for May? Amount of employees salaries and wages included in the planning budget 12. What amount of travel expenses would be included in Adger's planning budget for May? Amount of travel expenses included in the planning budget

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smoke And Mirrors Inc Accounting For Capitalism

Authors: Nicolas Vron, Matthieu Autret, Alfred Galichon, George Holoch

1st Edition

0801444160, 978-0801444166

More Books

Students also viewed these Accounting questions