Apple Corporation uses customers served as its measure of activity. Its budget assumption and actual customers served
Question:
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.
Managerial Accounting
ISBN: 9781259275814
11th canadian edition
Authors: Ray H Garrison, Alan Webb, Theresa Libby