Adger Corporation is a service company that measures its output based on the number of customers...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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 actuali results for May as shown below. Variable Element per Customer Served $5,000 $1,100 $600 Revenue Employee salaries and vages. Travel expenses Other expenses Fixed Element per Month $ 50,000 $:36,000 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. Actual Total for May $ 160,000 $ 88,000 $19,000 $34,500 7. What is Adger's employee salaries and wages spending variance for May? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) 8. What is Adger's travel expenses spending variance for May? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Spending variance 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 actuali results for May as shown below. Variable Element per Customer Served $5,000 $1,100 $600 Revenue Employee salaries and vages. Travel expenses Other expenses Fixed Element per Month $ 50,000 $:36,000 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. Actual Total for May $ 160,000 $ 88,000 $19,000 $34,500 7. What is Adger's employee salaries and wages spending variance for May? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) 8. What is Adger's travel expenses spending variance for May? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Spending variance
Expert Answer:
Answer rating: 100% (QA)
1 Calculate the employee salaries and wages spending variance for Adger Corporation in May Given dat... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
Students also viewed these accounting questions
-
If the points A(-2, -1) , B(1, 0) , C(x, 3) & D(1, y) represents the vertices of a parallelogram, then find the values of x & y respectively.
-
"Assault on college campuses can no longer remain just a female issue, and universities nationwide must prepare males for the same protections it provides their female counterparts in college Title...
-
Ramsden Inc. provided consulting services with a gross price of $25,000 and terms of 2/10, n/30. Required: 1. Prepare the necessary journal entries to record the sale under the gross method. 2....
-
a. Use the identity cos (A + B) cos A cos B sin A sin B, to show that cos 2A 2 cos 2 A 1 b. Show that the x-coordinates of the points where C 1 and C 2 intersect satisfy the equation cos 2x + 3...
-
Suppose you want to organize books onto shelves, and you want the shelves to hold the same number of books. Each shelf will only contain one genre of book. You have 24 sci-fi, 42 fantasy, and 30...
-
Felde Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2014, the company incurred the following costs. Variable Costs per Unit Direct materials...
-
How do I do a multiple income statement for Music Warehouse and a statement of changes in stockholder's equity for Music Warehouse using this information: Music Warehouse Adjusted Trial Balance...
-
a. During February, $194,500 was paid to creditors on account, and purchases on account were $210,400. Assuming that the February 28 balance of Accounts Payable was $62,500, determine the account...
-
Read the case R. v. Davies, 2023 ONCJ 260 on Canlii, which is regarding aggravated assault and answer the following question 1.Summarize the Crown's position. For a trial, provide very specific...
-
Explain in your own words - (a) what is the error in the following function definition and (b) how can you fix the function without changing the function header? Your answer should be in plain...
-
Choose another Federal Agency. Make a chart (not a list- a visual exhibit) comparing the FOIA process for that agency and the USCIS. Include the differences and similarities in the process.?
-
The government is considering imposing an import quota on a product that is also produced domestically. Demonstrate that the quota would have different effects on domestic consumers and producers....
-
The diversity of both students and faculty poses important considerations for teaching and learning. Reflect on the characteristic differences in gender, race, and culture, as well as the differences...
-
What is the research objective for the following study? Please read the study....
-
What are the differences between, by and or in cooperation with, specialised financial institutions?
-
A 2500-lbm car moving at 15 mi/h is accelerated at a constant rate of 15 ft/s 2 up to a speed of 50 mi/h. Calculate force and total time required?
-
Springfield Corporation operates on a calendar-year basis. It begins the annual budgeting process in late August, when the president establishes targets for total sales dollars and net operating...
-
Apex Company prepared the statement of cash flows for the current year that is shown below: Required: Compute Apex Companys free cash flow for the current year. ompany Statement of Cash...
-
Profits have been decreasing for several years at Pegasus Airlines. In an effort to improve the companys performance, consideration is being given to dropping several flights that appear to be...
-
9. INVESTIGATION Agencies have broad investigatory powers and may use subpoenas and, in some cases, warrantless searches to obtain information. (pp. 92-94)
-
1. ETHICS Suppose you were on a state supreme court and faced with a restaurant- choking case. Should you require restaurant employees to know and employ the Heimlich maneuver to assist a choking...
-
Question: When Hiller Systems, Inc., was performing a safety inspection on board the M/V Cape Diamond, an ocean-going vessel, an accident killed two men. The Occupational Safety and Health...
Study smarter with the SolutionInn App