During April, Cheatam Corporation budgeted for 44,000 customers, but actually served 42,000 customers. The company...
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Accounting
During April, Cheatam Corporation budgeted for 44,000 customers, but actually served 42,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:
Revenue: $4.57q
Wages and salaries: $36,900 + $1.90q
Supplies: $0.80q
Insurance: $13,900
Miscellaneous expense: $6,900 + $0.30q
Required:
Prepare the company's flexible budget for April based on the actual level of activity for the month.
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