tet 10 Quiz Question 15 (of 16) Save&Exit; Sub 3,00 points During July, a corpor

Question

tet 10 Quiz Question 15 (of 16) Save&Exit; Sub 3,00 points During July, a corporation budgeted for 32,000 customers, but actually served 30,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.62q Wages and salaries: $35,700 $1.78q Supplies: $0.68q Insurance: $12,700 Miscellaneous expense: $5,700 SO.18q Required: Prepare the company's flexible budget for July based on the actual level of activity for the month. Flexible Budget For the Month Ended July 31 Expenses Total expenses

Explanation / Answer

Flexible budget :

Revenue 138600 Expense Wages and salaries 89100 Supplies 20400 Insurance 12700 Miscellaneous 11100 Total expense 133300 Net operating income 5300

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.