Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. adger corporation is a service company that measur

Adger Corporation is a service company that measures its output based on the number of...

70.2K

Verified Solution

Question

Accounting

Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below:

Fixed Element per Month Variable Element per Customer Served Actual Total for May
Revenue $ 6,200 $ 200,500
Employee salaries and wages $ 60,000 $ 2,100 $ 132,300
Travel expenses $ 520 $ 15,200
Other expenses $ 39,000 $ 37,100

When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers.

Foundational 9-15 (Algo)

15. What activity variances would Adger report with respect to each of its expenses for May?

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

Accounting
1.2K views

2. Incremental costs are the additional costs incurred if acompany pursues a certain course...

Advance Math
1.2K views

0 mod 35 = 〈0 mod 5, 0 mod 7〉 12 mod 35 = 〈2...

Chemistry
1.2K views

An electric stove burner on its highest setting exhibits an orange glow. A) When the burner setting...

Medical Sciences
1.2K views

what are the effect of anxiety disorders on human body?

Mechanical Engineering
1.2K views

Summarise the derivation of the governing equation of the precipitation? Class: Downstream Process

Advance Math
1.2K views

use Lagrange multipliers to find the maximum and minimum values of f subject to the given...

Basic Math
1.2K views

5. Stewart has to make a tessellation poster for his artclass. His parallelogram ABCD is...

Calculus
1.2K views

mework For the following demand function find E p and determine if demand is elastic...

Accounting
1.2K views

Which of the following statements does not describe the responsibilities of a company's internal audit...

Accounting
1.2K views

Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as...

Finance
1.2K views

Consider the following two mutually exclusive projects: Year OM 1 2 3 4 Cash Flow...

Accounting
1.2K views

Sarasota Jewelry makes customized holiday jewelry. It has the following cost data for the current...