Required information [The following information applies to the questions displayed below) A company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for April as shown below. Revenue Employee salaries and wages Travel expenses other expenses Fixed Actual Element Variable Element Total per Month per Customer Served for April $ 5,600 $ 182,000 $ 55,000 $ 1.600 $ 110,300 5 850 $ 27.200 $ 34,000 $ 32,600 When preparing its planning budget the company estimated that it would serve 30 customers per month, however, during April the company actually served 35 customers Required: 1. Calculate the amount of revenue the company will include in the April flexible budget Amount of revenue included in the flexible budget (The following information applies to the questions displayed below.) A company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the results for April as shown below: Revenue Employee salaries and mages Travel expenses Other expenses Fixed Actual Element Variable Element Total per Month per Customer Served for April $ 5,600 $ 182,000 $ 55,000 $ 1,600 $ 110,300 $ 850 $ 27, 20e $ 34,000 32,600 When preparing its planning budget the company estimated that it would serve 30 customers per month; howe April the company actually served 35 customers. 2. Calculate the amount of employee salaries and wages the company will include in the April flexible budget Amount of employee salaries and wages Included in the flexible budget Required information [The following information applies to the questions displayed below] A company provided the following fixed and variable cost estimates that it uses for budgeting purposes and to results for April as shown below: Revenue Employee salaries and wages Travel expenses Other expenses Fixed Actual Element Variable Element Total per Month per Customer Served for April $ 5,600 $ 132,000 $ 55,000 $ 1,600 $ 110,300 $ 850 $ 27,200 $ 34,000 $ 32,600 When preparing its planning budget the company estimated that it would serve 30 customers per month; how April the company actually served 35 customers. 3. Calculate the amount of net income the company will report in the April flexible budget. Net operating income A company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for April as shown below Revenue Employee salaries and wages Travel expenses Other expenses Fixed Actual Element Variable Element Total per Month per Customer Served for April $ 5,600 $ 182,000 $ 55,000 $ 1,600 $ 110,300 $ 850 $ 27,200 $ 34,000 $ 32,600 When preparing its planning budget the company estimated that it would serve 30 customers per month; however during April the company actually served 35 customers. 4. Calculate the company's revenue variance April (Indicate the effect of each variance by selecting "F" for favorable, "U" unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Revenue variance fine following information applies to the questions displayed below! A company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for April as shown below: Revenue Employee salaries and wages Travel expenses Other expenses Fixed Actual Element Variable Element Total per Month per Customer Served for April $ 5,600 $ 182,000 $ 55,000 $ 1,600 $ 110,300 $ 850 $ 27,200 5.34,000 $ 32,600 When preparing its planning budget the company estimated that it would serve 30 customers per month: however, during April the company actually served 35 customers, 5. Calculate the company's employee salaries and wages spending variance for April (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.) Spending variance
