Korsak Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes.Fixed Element per Variable Element perMonthRevenueEmployee salaries and wages$ 43,700$ 43,200Travel expensesOther expensesCustomer Served$ 5,500$ 1,100$ 500The planning budget for October was based on serving 23 customers, but a total of 19 customers were actually served during October.The activity variance for net operating income for October would have been closest to:Multiple ChoiceOО$15,600 Uо$12,500 F$15,600 F$12,500 U

Variances is the amount of difference between the actual values and the values estimated by the…

Korsak Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Variable Element per Customer Served Month Revenue Employee salaries and wages $ 43,700 $ 43,200 Travel expenses Other expenses $ 5,500 $1,100 $500 The planning budget for October was based on serving 23 customers, but a total of 19 customers were actually served during October The activity variance for net operating income for October would have been closest to: Multiple Choice $15,600 U O O $12.500 F $15.600F $12.500U

Korsak Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Variable Element per Customer Served Month Revenue Employee salaries and wages $ 43,700 $ 43,200 Travel expenses Other expenses $ 5,500 $1,100 $500 The planning budget for October was based on serving 23 customers, but a total of 19 customers were actually served during October The activity variance for net operating income for October would have been closest to: Multiple Choice $15,600 U O O $12.500 F $15.600F $12.500U

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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