60.1K

Verified Solution

Link Copied!

TB Problem Qu. 9-375 (Algo) Varcoe Corporation bases its budgets on... Varcoe Corporation bases its budgets on the activity measure customers served. During September, the company planned to serve 36,000 customers, but actually served 31,000 customers. Revenue is $3.92 per customer served. Wages and salaries are $35,300 per month plus $1.32 per customer served. Supplies are $0.62 per customer served. Insurance is $9,500 per month. Miscellaneous expenses are $7,600 per month plus $0.32 per customer served. Required: Prepare a report showing the company's activity variances for September. Indicate in each case whether the variance is favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values and enter any losses with a minus sign.) Customers served Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income (loss) Varcoe Corporation Activity Variances For the Month Ended September 30 Flexible Planning Budget Budget 31,000 36,000 Activity Variances

HELP

TB Problem Qu. 9-375 (Algo) Varcoe Corporation bases its budgets on... Varcoe Corporation bases its budgets on the activity measure customers served. During September, the company planned to serve 36,000 customers, but actually served 31,000 customers. Revenue is $3,92 per customer served. Wages and salaries are $35,300 per month plus $1.32 per customer served. Supplies are $0.62 per customer served. Insurance is $9,500 per month. Miscellaneous expenses are $7,600 per month plus $0.32 per customer served. Required: Prepare a report showing the company's actlvity variances for September. Indicate in each case whether the variance is favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect (L.e., zero varlance). Input all amounts as positive values and enter any losses with a minus sign.)

Answer & Explanation Solved by verified expert

See Answer