Adger Corporation is a service company that measures its output based on the number of customers...
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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 Variable Element Actual Total per Month for May Revenue per Customer Served $ 6,000 $1,400 $590 $ 190,000 Employee salaries and vages $67,000 Travel expenses $ 114,100 $ 17,100 Other expenses $46,000 $ 43,400 When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers. Required: 1. What amount of revenue would be included in Adger's flexible budget for May? Amount of revenue included in the flexible budget 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 Variable Element Actual Total per Month for May Revenue per Customer Served $ 6,000 $1,400 $590 $ 190,000 Employee salaries and vages $67,000 Travel expenses $ 114,100 $ 17,100 Other expenses $46,000 $ 43,400 When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers. Required: 1. What amount of revenue would be included in Adger's flexible budget for May? Amount of revenue included in the flexible budget
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Related Book For
Managerial Accounting for Managers
ISBN: 978-1259578540
4th edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
Posted Date:
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