Exk abon.com/flow/connect.html TB Problem Qu. 9-383 Arrasmith Corporation uses customers served as... Arraumith Corporation uses customers...

  

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Exk abon.com/flow/connect.html TB Problem Qu. 9-383 Arrasmith Corporation uses customers served as... Arraumith Corporation uses customers served as its measure of activity. During February, the company budgeted for 36,300 customers, but actually served 27,700 customers. The company uses the following revenue and cost formulas in its budgeting, where q to the number of customers served: Revenue: $4.80g Wages and salaries: $34,500 - $1.49q Supplies: $0.89q Insurance: $11,700 Miscellaneous expenses: $7,700-$0.43q The company reported the following actual results for February Revenue Wages and salaries Supplies Insurance Miscellaneous expense Customers served Revenue Expenses Wages and salaries Supplies Insurance Required: Prepare the company's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U) (Indicate the effect of each varlance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect t.e.. zero vartance). Input all amounts as positive values.) Miscellaneous expense Total expense Net operating income $145,800 $ 69,300 $ 15,700 Actual Results $ 11,700 $ 24,200 Arrasmith Corporation Flexible Budget Performance Report For the Month Ended February 28 27,700 Revenue and Spending Variances Flexible Budget 27,700 Activity Varalances Planning Budget 30.300 Exk abon.com/flow/connect.html TB Problem Qu. 9-383 Arrasmith Corporation uses customers served as... Arraumith Corporation uses customers served as its measure of activity. During February, the company budgeted for 36,300 customers, but actually served 27,700 customers. The company uses the following revenue and cost formulas in its budgeting, where q to the number of customers served: Revenue: $4.80g Wages and salaries: $34,500 - $1.49q Supplies: $0.89q Insurance: $11,700 Miscellaneous expenses: $7,700-$0.43q The company reported the following actual results for February Revenue Wages and salaries Supplies Insurance Miscellaneous expense Customers served Revenue Expenses Wages and salaries Supplies Insurance Required: Prepare the company's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U) (Indicate the effect of each varlance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect t.e.. zero vartance). Input all amounts as positive values.) Miscellaneous expense Total expense Net operating income $145,800 $ 69,300 $ 15,700 Actual Results $ 11,700 $ 24,200 Arrasmith Corporation Flexible Budget Performance Report For the Month Ended February 28 27,700 Revenue and Spending Variances Flexible Budget 27,700 Activity Varalances Planning Budget 30.300

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ARRASMITH CORPORATION Flexible Budget Perfomance Report For the Month Ended February 28 Actual resul... View the full answer