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[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
[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 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 $ 60,000 $ 39,000 Variable Element per Customer Served Spending variance $ 6,200 $ 2,100 $ 520 Actual Total for May $ 200, 500 $ 132,300 $ 15,200 $ 37,100 When preparing its planning budget, the company estimated it would serve 30 customers per month; however, during May the company actually served 35 customers. 7. What is Adger's employee salaries and wages spending variance for May? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "Non- (i.e., zero variance). Input all amounts as positive values.
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