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: Fixed Element per Month Variable Element per Customer Served $ 5,928 Actual Total for May $ 216,500 Revenue Employee salaries and wages Travel expenses Other expenses $ 66,080 $ $ 1,308 588 $ 116, 200 $ 19,700 $ 42,500 45,000 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. Required: 1. What amount of revenue would be included in Adger's flexible budget for May? Amount of revenue included in the flexible budget ! 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: Fixed Element per Month Variable Element per Customer Served $ 5,900 Actual Total for May $ 216,500 Revenue Employee salaries and wages Travel expenses Other expenses $ 66,00 $ $ 1,300 588 $ 116, 200 $ 19,700 $ 42, 5ee $ 45,00 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. 2 What amount of employee salaries and wages would be included in Adger's flexible budget for May? Amount of employee salaries and wages included in the flexible budget ! 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: Fixed Element per Month Variable Element per Customer Served $ 5,999 Actual Total for May $ 216,5ee Revenue Employee salaries and wages Travel expenses Other expenses $ 66,080 $ $ 1,388 588 $ 116,220 $ 19,700 $ 42,500 $ 45,080 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? Amount of travel expenses included in the flexible budget Exercise 09-2 0 Saved 1 Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 30,00 2 points $123,00 eBook Revenue ($4.189) Expenses: Raw materials ($2.109) Wages and salaries ($6,308 + $0.289) Utilities ($1,9e9 + $0.059) Facility rent ($3,400) Insurance ($2,200) Miscellaneous ($580 + $0.189) Total expense Net operating income Hint 63,000 12,300 3,400 3,400 2,200 3,500 87,800 $ 35, 200 Print References In July 31,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 31,080 $127,180 Revenue ($4.189) Expenses : Raw materials ($2.109) Wages and salaries ($6,388+ $0.209) Utilities ($1,900 + $0.059) Facility rent ($3,400) Insurance ($2,280) Miscellaneous ($588 + $0.189) Total expense Net operating income 65,100 12,500 3,450 3,480 2,200 3,680 90,250 $ 36,850 Required: 1. Calculate the company's activity variances for July. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Input all amounts as positive values.) Flight Caf Activity Variances For the Month Ended July 31 Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income