Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part 3 of 15 Required information The following information applies to the questions displayed below) Adger Corporation is a service company that measures its output

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Part 3 of 15 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: 133 point Print Txed Et Variable sunt per per Custom Honth served 56,100 56.00 $1.500 30 $ 47,000 Revenge ployee salaries and was Travel expenses other expenses Actual Tetat to May $ 223,500 #126.000 120.400 144.300 Herences When preparing its planning budget the company estimated that it would serve 35 customers per month, however, during May the company actually served 40 customers 3. What amount of travel expenses would be included in Adger's flexible budget for May? Anour travel expenses included in the fleshle budget 15 (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 per per Customer Month Served $ 6,100 $ 68,000 $ 1.500 $ 600 $ 47,000 Actual Total for May $ 223,500 $ 126,000 $ 20,400 $ 44,300 When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers. 4. What amount of other expenses would be included in Adger's flexible budget for May? Amount of other expenses 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 per per Customer Month Served $ 6,100 5 68.000 $1,500 600 $ 47,000 Actual Total for May $ 223,500 $ 126,000 $ 20,400 $ 44,300 When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers, 5. What net operating income would appear in Adger's flexible budget for May? Net operating income 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 customer 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. Tixed Element Variable Element per per Customer Month Served $ 6,100 568,000 $ 1.500 $ 600 5 47.000 Revenue Employee salaries and wages Travel expenses Other expenses Actual Total for May $ 223,500 $ 126,000 $ 20,400 $ 44,300 When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers. 6. What is Adger's revenue variance for May? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values.) Revenue variance Required information 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 Tatal Month Served for May $ 6,100 $ 223,500 $68,000 $ 1.500 $ 126,000 5 600 $ 20,400 $ 47,000 $44,300 When preparing its planning budget the company estimated that it would serve 35 customers per month however, during May the company actually served 40 customers. 7. What is Adger's employee salaries and wages spending variance for May? (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Input all amounts as positive values.) Spending variance

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_2

Step: 3

blur-text-image_3

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, George Foster, Srikant M. Datar

8th Edition

0131810669, 978-0131810662

More Books

Students also viewed these Accounting questions

Question

What is meant by the term variance? AppendixLO1

Answered: 1 week ago