Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 12. hertzler corporation uses customers served as

12. Hertzler Corporation uses customers served as its measure of activity....

50.1K

Verified Solution

Question

Accounting

image
12. Hertzler Corporation uses customers served as its measure of activity. During November, the company budgeted for 33,000 customers, but actually served 34,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $3.20 Wages and salaries: $26,600+ $1.20q Supplies: $0.404 Insurance: $7,900 Miscellaneous: $6,400 + $0.109 The company reported the following actual results for November: Revenue...... $108,200 Wages and salaries $70.100 Supplies $12.300 Insurance $7,300 Miscellaneous $12.000 Required: Prepare a report showing the company's revenue and spending variances for November. Label each variance as favorable (F) or unfavorable (U)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

18. You are evaluating next year investment opportunities and your company cost of capital. You anticipate...

Basic Math
1.2K views

So this week we learned about the four V's of Big data - Velocity, Volume, Veracity...

Medical Sciences
1.2K views

What is an example (real or not) of evolution in which you explain how each of...

Basic Math
1.2K views

2. The data set (Concrete1.xlsx) contains the compressive strength, in thousands of pounds per square inch...

Physics
1.2K views

A projectile is thrown from a point O on the ground at an angle 45...

Algebra
1.2K views

1 point Factor the quadratic expression completely 3x 15x 3x 5x 3x x 5 3...

Algebra
1.2K views

2 10 O y 5 10 b Find the horizontal asymptote Enter None if appropriate...

Accounting
1.2K views

On April 1, 2013, Lightpath Technologies paid $40,000 for rent on warehouse space one year...

Accounting
1.2K views

e Meadows Corporation needs to raise $75 million to finance its expansion into w markets....

Accounting
1.2K views

22.You work with an investment company that manages a mutual fund. The mutual fund invests...

Accounting
1.2K views

King Carts marufactures custon carts for a variety of uses. The following data have been...

Accounting
1.2K views

Priya Corporation acquired 100 percent of Sheldon Company stock on January 1, 2019 for $734,000...