During September, Clendennen Corporation budgeted for 31,000 customers, but actually served 29,000 customers. The company uses the

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During September, Clendennen Corporation budgeted for 31,000 customers, but actually served 29,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:

Revenue: $4.61q

Wages and salaries: $35,600 + $1.77q

Supplies: $0.67q

Insurance: $12,600

Miscellaneous expense: $5,600 + $0.17q

Required:

Prepare the company's flexible budget for September based on the actual level of activity for the month.

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Entrepreneurship

ISBN: 9781119563099

5th Edition

Authors: Andrew Zacharakis, William D Bygrave

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Posted Date: Apr 30, 2024 07:49 AM

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During September, Clendennen Corporation budgeted for 31,000 customers, but actually served 29,000 customers. The company uses the

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To prepare the flexible budget for September based on actual activity levels we simply plug in the a... View the full answer

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