During May, Cockrel Corporation plans to serve 47,000 customers. The company uses the following revenue...
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Accounting
| During May, Cockrel Corporation plans to serve 47,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: |
| Revenue: $4.41q |
| Wages and salaries: $34,700 + $1.68q |
| Supplies: $.88q |
| Insurance: $16,000 |
| Miscellaneous expense: $5,700 + $.58q |
| Required: |
| Prepare the company's planning budget for May. Budgeted customers served _______ |
Reveune ________
Expenses:
Wages and salaries _______
Supplies ______ Insurance_______
Misc. Expense ________
Total expense ________
Net operating income ________
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