Apple Corporation uses customers served as its measure of activity. Its budget assumption and actual customers served are shown below as well as the static budget assumptions for the month ofNovember1 answer

Apple Corporation uses customers served as its measure of activity.

Its budget assumption and actual customers served are shown below

as well as the static budget assumptions for the month of November.

Budget level 36,000 q or

Customers

Actual level 39,000 q or

Customers

Budget Assumptions:

Revenue $2.70 q

Wages and salaries:

Fixed $21,500

Variable $0.60 q

Supplies $0.40 q

Insurance

Fixed $6,100

Miscellaneous

Fixed $3,700

Variable $0.50 q

The company reported the following actual results for November.

Revenue $100,300

Wages and salaries $45,900

Supplies $15,200

Insurance $6,300

Miscellaneous $17,600

Prepare the company's flexible budget performance report for November.

Label each variance as favorable (F) or unfavorable (U). NEED all Five Columns.

Answer rating: 100% (QA)

1 Number of Customers q Revenue Expenses Wages and salaries Supplies Insurance Miscellan... View the full answer