Question
During September, Clendennen Corporation budgeted for 33,000 customers, but actually served 31,000 customers. The company uses...
During September, Clendennen Corporation budgeted for 33,000 customers, but actually served 31,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:
Revenue: $4.63q
Wages and salaries: $35,800 + $1.79q
Supplies: $0.69q
Insurance: $12,800
Miscellaneous expense: $5,800 + $0.19q
Required:
Prepare the company's flexible budget for September based on the actual level of activity for the month.
During September, Clendennen Corporation budgeted for 33,000 customers, but actually served 31,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:
Revenue: $4.63q
Wages and salaries: $35,800 + $1.79q
Supplies: $0.69q
Insurance: $12,800
Miscellaneous expense: $5,800 + $0.19q
Required:
Prepare the company's flexible budget for September based on the actual level of activity for the month.
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