Business, 28.05.2021 21:40 katerin5133

Crovo Corporation uses customers served as its measure of activity. During December, the company budgeted for 38,000 customers, but actually served 40,000 customers. The company has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting:
Fixed element
per month Variable element
per customer
Revenue $ 2.60
Wages and salaries $ 20,300 $ 0.80
Supplies $ 0 $ 0.50
Insurance $ 7,500 $ 0.00
Miscellaneous $ 3,700 $ 0.30
Actual results for December:
Revenue $ 101,500
Wages and salaries $ 52,000
Supplies $ 18,100
Insurance $ 9,400
Miscellaneous $ 18,100
Required:
Prepare a report showing the company's revenue and spending variances for December. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i. e., zero variance). Omit the "$" sign in your response.)

Crovo Corporation
Revenue and Spending Variances
For the Month Ended December 31
Revenue $ (Click to select)UFNone
Expenses:
Wages and salaries (Click to select)UFNone
Supplies (Click to select)FUNone
Insurance (Click to select)NoneUF
Miscellaneous (Click to select)FNoneU
Total expense (Click to select)UFNone
Net operating income $ (Click to select)NoneUF

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 12:10

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:

Answers: 3

Answer

Business, 22.06.2019 13:10

The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?

Answers: 2

Answer

Business, 22.06.2019 23:30

Part 1: interview at least three different people you know that fall within three age ranges (25-35), (36-50), and (51-70) year of age. ask each person you interview if they have life insurance (term, whole life etc.) and health insurance. ask what factors influenced their decision to buy or not the insurance coverage? report your findings to this assignment. specify who the people were that you spoke with.\

Answers: 3

Answer

Business, 23.06.2019 00:00

An attorney came to work on a saturday. when he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. however, he stayed past 5 p.m. to complete a brief that had to be filed on monday morning. at 5: 15 p.m., the afternoon security guard set the locks on all the doors of the building and left. because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. when the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. he used his cell phone to call for , and a supervisor from the building arrived and let him out shortly thereafter. if the attorney sues the building management for false imprisonment, is he likely to win?

Answers: 1

Answer

You know the right answer?

Crovo Corporation uses customers served as its measure of activity. During December, the company bud...

Questions