Required information[The following information applies to the questions displayed below.]A company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actualresults for April as shown below:FixedActualVariable Element perTotalfor April$ 216,500Elementper MonthCustomer ServedRevenue5,900Employee salaries and24$$ 116,200$ 19,700$ 42,50066,0001,300wagesTravel expenses580Other expenses45,000When preparing its planning budget the company estimated that it would serve 35 customers per month; however, duringApril the company actually served 40 customers.Required:1. Calculate the amount of revenue the company will include in the April flexible budget.Amount of revenue included in the flexible budget Required information[The following information applies to the questions displayed below.]A company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actualresults for April as shown below:FixedElementActualTotalfor April$ 216,500Variable Element perper MonthCustomer ServedRevenue5,900Employee salaries and$ 116,200$ 19,700$4wages66,0001,300Travel expenses$580Other expenses45,00042,500When preparing its planning budget the company estimated that it would serve 35 customers per month; however, duringApril the company actually served 40 customers.2. Calculate the amount of employee salaries and wages the company will include in the April flexible budget.Amount of employee salaries and wages included in the flexible budget

Flexible Budget In a simple term flexible budget which indicate that it consider the values in the…

Required information [The following information applies to the questions displayed below.] A company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for April as shown below: Actual Total Fixed Variable Element per Customer Served Element for April $ 216,500 per Month Revenue $ 5,900 Employee salaries and $ 116, 200 $ 19,700 $ 42,500 $ 66,000 $ $ 1,300 wages Travel expenses Other expenses 580 $ 45,000 When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during April the company actually served 40 customers.

Required information [The following information applies to the questions displayed below.] A company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for April as shown below: Actual Total Fixed Variable Element per Customer Served Element for April $ 216,500 per Month Revenue $ 5,900 Employee salaries and $ 116, 200 $ 19,700 $ 42,500 $ 66,000 $ $ 1,300 wages Travel expenses Other expenses 580 $ 45,000 When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during April the company actually served 40 customers.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 7P: Preparing a performance report Use the flexible budget prepared in P7-6 for the 31,000-unit level...

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