Business, 17.04.2020 18:23 mistymjoy

Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,600 customers, but actually served 30,400 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:
Revenue: $5.40q
Wages and salaries: $35,100 + $1.67q
Supplies: $1.07q
Insurance: $12,300
Miscellaneous expenses: $8,300 + $0.49q
The company reported the following actual results for February:

Revenue $ 157,800
Wages and salaries $ 69,900
Supplies $ 16,300
Insurance $ 12,300
Miscellaneous expense $ 27,200
Required:

Prepare the company's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U)

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 21:50

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.

Answers: 3

Answer

Business, 23.06.2019 02:20

When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable

Answers: 2

Answer

Business, 23.06.2019 08:00

Wyman corporation uses a process costing system. the company manufactured certain goods at a cost of $920 and sold them on credit to percy corporation for $1,315. the complete journal entry to be made by wyman at the time of this sale is:

Answers: 1

Answer

Business, 23.06.2019 10:10

Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows:

Answers: 1

Answer

You know the right answer?

Arrasmith Corporation uses customers served as its measure of activity. During February, the company...

Questions