Question

Border Corporation is a service company that measures its output by the number of customers served....

Border 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 Month
Variable Element per Customer Served
Revenue
$
4,200
Employee salaries and wages
$
41,300
$
1,200
Travel expenses
$
500
Other expenses
$
33,000
When the company prepared its planning budget at the beginning of July, it assumed that 33
customers would have been served. The amount shown for net operating income in the planning
budget for July would have been:
a. ($4,300).
b. ($1,414).
c. ($1,200).
d. $8,200.

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