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

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

50.1K

Verified Solution

Question

Accounting

image

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: Variable element per customer $2.60 $0.80 $0.50 S0.00 S0.30 Fixed element per month Revenue Wages and salari.. Supplies Insurance Miscellaneous. .S20,300 S0 $7,500 S3,700 Actual results for December. Revenue Wages and salaries Supplies Insurance Miscellaneou S101,500 S52,000 S18,100 S9,400 S18,100 Required: Prepare a report showing the company's revenue and spending variances for December. Label each variance as favorable (F or unfavorable (U) TTT Paragraph Arial 3 (12pt) T

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

Basic Math
1.2K views

A particular type of ballpoint pen uses minute ball bearings that are targeted to have a diameter...

Mechanical Engineering
1.2K views

A symmetrical wedge having a total vertex angle of 60 degrees is traveling at a Mach...

Advance Math
1.2K views

A two-lane tunnel opening in the shape of a semi-ellipse has a height of 16 feet...

General Management
1.2K views

Are profitable ethical businesses profitable because they are ethical, or are they ethical because it can...

Biology
1.2K views

Question 7 Multiple Choice Worth 4 points If Earth s orbit were more ovular than...

Biology
1.2K views

What is the role of the government in a capitalistic society To manage businesses and...

Physics
1.2K views

2 2 27 34 A narrow slit of width 2 mm is illuminated by monochromatic...

Physics
1.2K views

33 A compound microscope has an eyepiece of focal length 10 cm and an objective...

Accounting
1.2K views

Consider the following abbreviated financial statements for Barrie Enterprises: BARRIE...

Accounting
1.2K views

Exercise 6-12 (Algo) Variable Costing Income Statement; Reconciliation (L06-2, L06-3] Whitman Company has just completed...

Accounting
1.2K views

Shrewdly designed budgets assist businesses leaders with awareness of expenditures and managing resources. Businesses use...

Finance
1.2K views

The Target Corporation's Balance Sheet included in its Fiscal Year 2021 annual report is shown...