None Adger Corporation is a service company that measures its output based on the number of customers served. Thecompany provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actualresults for May as shown below:Fixed Elementper MonthRevenueEmployee salaries and wages$ 69,000Travel expensesOther expenses$ 48,000Variable Elementper CustomerServed$ 6,200$ 1,600Actual Total forMay$196,000$ 122,900$ 610$ 17,700$ 45,200When preparing its planning budget the company estimated that it would serve 30 customers per month; however, duringMay the company actually served 35 customers.10. What amount of revenue would be included in Adger's planning budget for May?Amount of revenue included in the planning budget

PLANNING BUDGETPlanning Budget is the estimated cost of expenses and revenue based on estimated…

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: Fixed Element per Month Revenue Employee salaries and wages $ 69,000 $ 1,600 Travel expenses $ 610 per Customer Served $ 6,200 $ 196,000 $122,900 $ 17,700 Variable Element Actual Total for May Other expenses $ 48,000 $ 45,200 "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. at amount of revenue would be included in Adger's planning budget for May? nt of revenue included in the planning budget

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: Fixed Element per Month Revenue Employee salaries and wages $ 69,000 $ 1,600 Travel expenses $ 610 per Customer Served $ 6,200 $ 196,000 $122,900 $ 17,700 Variable Element Actual Total for May Other expenses $ 48,000 $ 45,200 "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. at amount of revenue would be included in Adger's planning budget for May? nt of revenue included in the planning budget

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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