During August, Diga Corporation plans to serve 44,000 customers. The company uses the following revenue and...
| During August, Diga Corporation plans to serve 44,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: |
| Revenue: $4.38q |
| Wages and salaries: $34,400 + $1.65q |
| Supplies: $.85q |
| Insurance: $13,000 |
| Miscellaneous: $5,400 + $.55q |
| Required: |
| Complete the company's planning budget for August. (Input all amounts as positive values. Omit the "$" sign in your response.) |
| Diga Corporation Planning Budget For the Month Ended August 31 |
||
| Budgeted customers served | ||
| Revenue | $ | |
| Expenses: | ||
| Wages and salaries | ||
| Supplies | ||
| Insurance | ||
| Miscellaneous | ||
| Total expense | ||
| Net operating income | $ | |
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During August, Diga Corporation plans to serve 44,000
customers. The company uses the following revenue and...
During August, Diga Corporation plans to serve 37,000 customers. The company uses the following revenue and...
During August, Diga Corporation plans to serve 37,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.46q Wages and salaries: $33,700 + $1.58q Supplies: $.78q Insurance: $17,000 Miscellaneous: $4,700 + $.48q Required: Complete the company's planning budget for August. (Input all amounts as positive values. Omit the "$" sign in your response.) Diga Corporation Planning Budget For the Month Ended August 31 Budgeted customers served ...
Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for...
Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,500 customers, but actually served 31,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.000 Wages and salaries: $33,700 - $1.259 Supplies: $0.654 Insurance: $10,900 Miscellaneous expenses: $6,900 + $0.359 The company reported the following actual results for February Revenue Wages and salaries Supplies Insurance Miscellaneous expense $129,800 $ 68.500...
Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for...
Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 36,600 customers, but actually served 27,400 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $5.10q Wages and salaries: $34,800 + $1.58q Supplies: $0.98q Insurance: $12,000 Miscellaneous expenses: $8000 + $0.46q The company reported the following actual results for February: Revenue $ 151,800 Wages and salaries $ 69,600 Supplies $ 16,000...
Varriano Corporation bases its budgets on the activity measure customers served. During October, the company planned...
Varriano Corporation bases its budgets on the activity measure customers served. During October, the company planned to serve 48,000 customers, but actually served 49,000 customers. The company has provided the following data concerning the formulas it uses in its budgeting: Fixed element per month Variable element per customer Revenue - $ 3.86 Wages and salaries $ 38,200 $ 1.33 Supplies $ 0 $ 0.63 Insurance $ 8,700 $ 0.00 Miscellaneous expense $ 8,200 $ 0.53 Prepare a report showing the...
Varriano Corporation bases its budgets on the activity measure customers served. During October, the company planned...
Varriano Corporation bases its budgets on the activity measure customers served. During October, the company planned to serve 48,000 customers, but actually served 49,000 customers. The company has provided the following data concerning the formulas it uses in its budgeting: Fixed element per month Variable element per customer Revenue - $ 3.86 Wages and salaries $ 38,200 $ 1.33 Supplies $ 0 $ 0.63 Insurance $ 8,700 $ 0.00 Miscellaneous expense $ 8,200 $ 0.53 Prepare a report showing the...
2. Immen Corporation bases its budgets on the activity measure customers served. During May, the company...
2. Immen Corporation bases its budgets on the activity measure customers served. During May, the company planned to serve 38,000 customers. The company has provided the following data concerning the formulas its uses in its budgeting: Fixed element Variable element per month per customer Revenue... $2.70 Wages and salaries $36,300 $0.80 Supplies.. SO $0.30 Insurance $6,900 $0.00 Miscellaneous 56,200 50.20 The company has also furnished its income statement for May: Immen Corporation Income Statement For the Month Ended May 31...
Bickel Corporation uses customers served as its measure of activity. The following report compares the planning...
Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Variances Customer served 20,000 27,000 Revenue ($3.509) $ 97,900 $94,500 $3,400 Y Expense! Wages and salaries ($22,700 + $1.17) 55,460 54,290 1.170 U Supplies ($0.579) 13,790 15,390 1.600 F Insurance ($4,600) 4.600 4,600 None...
TB Problem Qu. 9-389 Bickel Corporation uses customers served as... Bickel Corporation uses customers served as...
TB Problem Qu. 9-389 Bickel Corporation uses customers served as... Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget 39,000 $132,600 Variances Customers served 40,000 $136,000 Revenue ($3.40q) $3,400 F Expenses Wages and salaries ($23,900$1.29q) Supplies ($0.69q) Insurance ($5,800) Miscellaneous expense ($4,800 $0.38q)...
Abbott Corporation uses customers served as its measure of activity. During December, the company budgeted for...
Abbott Corporation uses customers served as its measure of activity. During December, the company budgeted for 38,000 customers, but actually served 40,000 customers. The company has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Customer Variable Element per Fixed Element Month per $2.60 Revenue Wages and Salaries Supplies Insurance Miscellancous S0.80 $20,300 S0.50 7,500 S0.30 $3,700 Actual results for December $101,500 $52,000 $18,100 $9,400 $18,100 Revenuc.. Wages...
7 Bickel Corporation uses customers served as its measure of activity. The following report compares the...
7 Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Planning Results Budget Variances Customers served 23,000 22,000 Revenue ($3.509) $80, 400 $77,000 $3,400 F Expenses: Wages and salaries ($22,200 + $1.129) 47,960 46,840 1,120 U Supplies ($0.529) 10, 340 11,440 1,100 F Insurance ($4,100) 4,100...
Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,500 customers, but actually served 31,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.000 Wages and salaries: $33,700 - $1.259 Supplies: $0.654 Insurance: $10,900 Miscellaneous expenses: $6,900 + $0.359 The company reported the following actual results for February Revenue Wages and salaries Supplies Insurance Miscellaneous expense $129,800 $ 68.500...
2. Immen Corporation bases its budgets on the activity measure customers served. During May, the company planned to serve 38,000 customers. The company has provided the following data concerning the formulas its uses in its budgeting: Fixed element Variable element per month per customer Revenue... $2.70 Wages and salaries $36,300 $0.80 Supplies.. SO $0.30 Insurance $6,900 $0.00 Miscellaneous 56,200 50.20 The company has also furnished its income statement for May: Immen Corporation Income Statement For the Month Ended May 31...
Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Variances Customer served 20,000 27,000 Revenue ($3.509) $ 97,900 $94,500 $3,400 Y Expense! Wages and salaries ($22,700 + $1.17) 55,460 54,290 1.170 U Supplies ($0.579) 13,790 15,390 1.600 F Insurance ($4,600) 4.600 4,600 None...
TB Problem Qu. 9-389 Bickel Corporation uses customers served as... Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget 39,000 $132,600 Variances Customers served 40,000 $136,000 Revenue ($3.40q) $3,400 F Expenses Wages and salaries ($23,900$1.29q) Supplies ($0.69q) Insurance ($5,800) Miscellaneous expense ($4,800 $0.38q)...
Abbott Corporation uses customers served as its measure of activity. During December, the company budgeted for 38,000 customers, but actually served 40,000 customers. The company has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Customer Variable Element per Fixed Element Month per $2.60 Revenue Wages and Salaries Supplies Insurance Miscellancous S0.80 $20,300 S0.50 7,500 S0.30 $3,700 Actual results for December $101,500 $52,000 $18,100 $9,400 $18,100 Revenuc.. Wages...
7 Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Planning Results Budget Variances Customers served 23,000 22,000 Revenue ($3.509) $80, 400 $77,000 $3,400 F Expenses: Wages and salaries ($22,200 + $1.129) 47,960 46,840 1,120 U Supplies ($0.529) 10, 340 11,440 1,100 F Insurance ($4,100) 4,100...
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