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 $ 5,500 $59,000 $ 2,000 $ 510 $ 38,000 Actual Total for May $ 204,000 $ 137,900 $ 17,500 $36,200 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 5 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 $ 5,500 $ 204,000 $59,000 $ 2,000 $ 137,900 510 $ 17,500 $ 38,000 $36,200 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 (i.e., zero variance). Input all amounts as positive values.) Revenue variance