Reference no: EM13776916
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:
Revenue | Fixed Element per Month | Variable Element per Customer Served $5,000 | Actual Total for May $160,000
Employee salaries and wages | Fixed Element per Month $50,000 | Variable Element per Customer Served $1,100 | Actual Total for May $88,000
Travel expenses | Fixed Element per Month | Variable Element per Customer Served $600 | Actual Total for May $19,000
Travel expenses | Fixed Element per Month $36,000 | Variable Element per Customer Served | Actual Total for May $34,500
SHOW ALL WORK
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.
What amount of revenue would be included in Adger’s flexible budget for May?
What amount of employee salaries and wages would be included in Adger’s flexible budget for May?
What amount of travel expenses would be included in Adger’s flexible budget for May?
What amount of other expenses would be included in Adger’s flexible budget for May
What net operating income would appear in Adger’s flexible budget for May?
What is Adger’s revenue variance for May?
What is Adger’s employee salaries and wages spending variance for May?
What is Adger’s travel expenses spending variance for May?
What is Adger’s other expenses spending variance for May?
What amount of revenue would be included in Adger’s planning budget for May?
What amount of employee salaries and wages would be included in Adger’s planning budget for May?
What amount of travel expenses would be included in Adger’s planning budget for May?
What amount of other expenses would be included in Adger’s planning budget for May?
What activity variance would Adger report in May with respect to its revenue?
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