Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rients Corporation is a service company that measures lts output by the number of customers served. The company has provided the tollowing fixed and variable

image text in transcribed

Rients Corporation is a service company that measures lts output by the number of customers served. The company has provided the tollowing fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Variable Fixed Element per Actual Element Customer Total for Served per Month October s4,100 $182,900 $42,300 ,30 98,80e s 70 30,5e0 $ 31,900 Revenue Employee salaries and wages Travel expenses Other expenses $31,500 When the company prepared its planning budget at the beginning of October, it assumed that 39 customers would have been served. However, 44 customers were actually served during October. The spending vanance for Travel expenses" for October would have been closest to: Multiple Choice S3.200 F $300 U 300F 3,200 u

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Whispers In The Auditing Room

Authors: Azhar UL Haque

1st Edition

B0C63ZTK27, 979-8223789352

More Books

Students also viewed these Accounting questions

Question

In Problem find the equations of any vertical asymptotes. 2x2 x 2

Answered: 1 week ago