Foundational ILO9-1, LO9 2, LO9 3] /The following information applies to the que

Question

Foundational ILO9-1, LO9 2, LO9 3] /The following information applies to the questions displayed below Adger Corporation is a service company that measures ts output besed on the number of customers served The company provided the following fixed and vartable cost estimates that it uses for budgeting purposes and the actual results for May as shown below Variable eement Actual perActual Element Customer Total per Month Served for May $ 5,800 $184.000 $ 65,000$ 1,200 $105,300 Fixed Revenue Employee salaries and wages Travel expenses Other expenses s 65,0005 1200 $105300 $ 570 $ 16,500 $41600 $44,000 When preparing Its planning budget the company estimated that it would serve 30 customers per month: however, during May the company actually served 35 customers References Section Break Foundational [L09-1109-2 LO9-3

Explanation / Answer

Adgers Flexible budget Revenue Variable element 5800 Actual activity 35 Amount in Flexible budget 203000 Emplyees salaries & wages Variable element 1200 Actual activity 35 Variable element 42000 Fixed element 65000 Amount in felxible budget 107000 Travel expense Variable element 570 Actual activity 35 Amount in flexible budget 19950 Amount in other expenses 44,000 Net operating income 32,050

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