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Required information [The following information applies to the questions displayed below.] Adger Corporation is a service company that measures its output based on the
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 Revenue Employee salaries and wages $ 50,000 Travel expenses Other expenses $ 36,000 $ 88,000 $ 600 $ 19,000 $ 34,500 Served $ 5,000 $ 1,100 Actual Total for May $ 160,000 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. Required: 1. What amount of revenue would be included in Adger's flexible budget for May? > Answer is complete but not entirely correct. Amount of revenue included in the flexible budget $ 180,000
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