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Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-3] [The following information applies to the questions displayed below.] Adger Corporation is a service company that
Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-3] [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 per Month Variable Element per Customer Served Actual Total for May $ 53,000 $ 5,400 $ 1,400 $ 203,000 $ 108,500 $ 32,000 $ 750 $ 27,700 $ 30,800 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. Foundational 9-6 (Algo) 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.) What is Adger's employee salaries and wages spending 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.) 8. What is Adger's travel expenses spending 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.) Foundational 9-9 (Algo) 9. What is Adger's other expenses spending 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.) Foundational 9-10 (Algo) 10. What amount of revenue would be included in Adger's planning budget for May? Amount of revenue included in the ple (Algo) 11. What amount of employee salaries and wages would be included in Adger's planning budget for May? Amount of employees salaries and wages included in the planning budget Foundational 9-12 (Algo) 12. What amount of travel expenses would be included in Adger's planning budget for May? Amount of travel expenses included in the planning budget Foundational 9-13 (Algo) 13. What amount of other expenses would be included in Adger's planning budget for May? Amount of other expenses Foundational 9-14 (Algo) 14. What activity variance would Adger report in May with respect to its revenue? (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.) 15. What activity variances would Adger report with respect to each of its expenses 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.)
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