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 that it uses for budgeting purposes and the actual results for May as shown below:
Fixed Element per Month |
Variable Element per Customer Served | Actual Total for May |
|||||
Revenue | $ | 5,900 | $ | 216,500 | |||
Employee salaries and wages | $ | 66,000 | $ | 1,300 | $ | 116,200 | |
Travel expenses | $ | 580 | $ | 19,700 | |||
Other expenses | $ | 45,000 | $ | 42,500 | |||
When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers.
Foundational 9-5
5. What net operating income would appear in Adger’s flexible budget for May?
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Flexible Budget | |||
NO of Customer | 40 | ||
Revenue | $5,900 per customer | $ 236,000 | |
Less: Expenses | |||
Employee salaries and wages | $1,300q+$66,000 | $ 118,000 | |
Travel expenses | $580q | $ 23,200 | |
Other expenses | $ 45,000 | $ 45,000 | |
Net Income | $ 49,800 |
Adger Corporation is a service company that measures its output based on the number of customers...
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 that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,900 $ 216,500 Employee salaries and wages $ 66,000 $ 1,300 $ 116,200 Travel expenses $ 580 $ 19,700 Other expenses $ 45,000...
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 that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,900 $ 216,500 Employee salaries and wages $ 66,000 $ 1,300 $ 116,200 Travel expenses $ 580 $ 19,700 Other expenses $ 45,000...
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 that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,900 $ 216,500 Employee salaries and wages $ 66,000 $ 1,300 $ 116,200 Travel expenses $ 580 $ 19,700 Other expenses $ 45,000...
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 that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,900 $ 216,500 Employee salaries and wages $ 66,000 $ 1,300 $ 116,200 Travel expenses $ 580 $ 19,700 Other expenses $ 45,000...
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 that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,900 $ 216,500 Employee salaries and wages $ 66,000 $ 1,300 $ 116,200 Travel expenses $ 580 $ 19,700 Other expenses $ 45,000...
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 that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,900 $ 216,500 Employee salaries and wages $ 66,000 $ 1,300 $ 116,200 Travel expenses $ 580 $ 19,700 Other expenses $ 45,000...
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 that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,900 $ 216,500 Employee salaries and wages $ 66,000 $ 1,300 $ 116,200 Travel expenses $ 580 $ 19,700 Other expenses $ 45,000...
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 that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,900 $ 216,500 Employee salaries and wages $ 66,000 $ 1,300 $ 116,200 Travel expenses $ 580 $ 19,700 Other expenses $ 45,000...
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 that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,900 $ 216,500 Employee salaries and wages $ 66,000 $ 1,300 $ 116,200 Travel expenses $ 580 $ 19,700 Other expenses $ 45,000...
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 that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served Actual Total for May Revenue $ 5,900 $ 216,500 Employee salaries and wages $ 66,000 $ 1,300 $ 116,200 Travel expenses $ 580 $ 19,700 Other expenses $ 45,000...