Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for...

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Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,500 cust

Arrasmith Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Revenue and Spending

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Answer 1

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	Actual results	Revenue and Spending variances		Flexible budget	Activity variances		Planning budget
Customers served	31000			31000			35500
Revenue	129800	5800	F	124000	18000	U	142000
Expenses:
Wages and salaries	68500	3950	F	72450	5625	F	78075
Supplies	14900	5250	F	20150	2925	F	23075
Insurance	10900	0	None	10900	0	None	10900
Miscellaneous expense	20200	2450	U	17750	1575	F	19325
Total expenses	114500	6750	F	121250	10125	F	131375
Net Operating income	15300	12550	F	2750	7875	U	10625

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