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Vera corporation bases its budgets on the activity measure

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Vera Corporation bases its budgets on the activity measure customers served. During September, the company planned to serve 29,000 customers, but actually served 28,500 customers. The company has provided the following data concerning the formulas it uses in its budgeting:


 Fixed
element
per month		 Variable
element
per customer
  Revenue
-
$ 8.00
  Wages and salaries $ 36,000
$ 3.40
  Supplies $ 0
$ 1.35
  Insurance $ 13,100
$ 0.00
  Miscellaneous $ 7,550
$ 0.95

Required:
Prepare the company's flexible budget for September based on the actual level of activity for the month. (Input all amounts as positive values.)
Vera Corporation
Flexible Budget
For the Month Ended September 30
  Revenue $
  
  Expenses:
  Wages and salaries
  Supplies
  Insurance
  Miscellaneous
  
  Total expense
  
  Net operating income $
  

Reference no: EM13582108

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