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AJR Research Group is a company that provides research services to clients in the metro area. The company's planning budget for June appears below. AJR Research Group Flexible Budget For the Month Ended June 30 Budgeted research hours (hrs) 100 Revenue ( $365 /hr) $36,500 Expenses Wages and salaries ( $8,000 + Supplies $ 125 /hr) $ 20,500 ( $3.00 /hr) Databases service ( $1,800 + $ 32 /hr) 300 5,000 3,400 Insurance ( $3,400 ) Miscellaneous $630 + $1.80 /hr) 810 $ 30,010 6,490 Total expense Net operating income During June, the company's activity was actually 110 research hours. Prepare a flexible budget for that level of activity. What amount of of employee salaries and wages are included in the flexible budget for June? a. $22,375 b. $20,500 c. $21,125 d. $21,750

AJR Research Group is a company that provides research services to clients in the metro area. The company's planning budget for June appears below. AJR Research Group Flexible Budget For the Month Ended June 30 Budgeted research hours (hrs) 100 Revenue ( $365 /hr) $36,500 Expenses Wages and salaries ( $8,000 + Supplies $ 125 /hr) $ 20,500 ( $3.00 /hr) Databases service ( $1,800 + $ 32 /hr) 300 5,000 3,400 Insurance ( $3,400 ) Miscellaneous $630 + $1.80 /hr) 810 $ 30,010 6,490 Total expense Net operating income During June, the company's activity was actually 110 research hours. Prepare a flexible budget for that level of activity. What amount of of employee salaries and wages are included in the flexible budget for June? a. $22,375 b. $20,500 c. $21,125 d. $21,750

FINANCIAL ACCOUNTING
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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AJR Research Group is a company that provides research services to clients in the metro area. The company's planning budget for June appears below. AJR Research Group Flexible Budget For the Month Ended June 30 Budgeted research hours (hrs) 100 Revenue ( $365 /hr) $36,500 Expenses Wages and salaries ( $8,000 + Supplies $ 125 /hr) $ 20,500 ( $3.00 /hr) Databases service ( $1,800 + $ 32 /hr) 300 5,000 3,400 Insurance ( $3,400 ) Miscellaneous $630 + $1.80 /hr) 810 $ 30,010 6,490 Total expense Net operating income During June, the company's activity was actually 110 research hours. Prepare a flexible budget for that level of activity. What amount of of employee salaries and wages are included in the flexible budget for June? a. $22,375 b. $20,500 c. $21,125 d. $21,750
Transcribed Image Text:AJR Research Group is a company that provides research services to clients in the metro area. The company's planning budget for June appears below. AJR Research Group Flexible Budget For the Month Ended June 30 Budgeted research hours (hrs) 100 Revenue ( $365 /hr) $36,500 Expenses Wages and salaries ( $8,000 + Supplies $ 125 /hr) $ 20,500 ( $3.00 /hr) Databases service ( $1,800 + $ 32 /hr) 300 5,000 3,400 Insurance ( $3,400 ) Miscellaneous $630 + $1.80 /hr) 810 $ 30,010 6,490 Total expense Net operating income During June, the company's activity was actually 110 research hours. Prepare a flexible budget for that level of activity. What amount of of employee salaries and wages are included in the flexible budget for June? a. $22,375 b. $20,500 c. $21,125 d. $21,750
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