Adger Corporation Budgeting Purposes

Adger Corporation Budgeting Purposes

Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below:
Fixed Element
per Month
Variable Element per Customer Served Actual Total
for May
  Revenue $ 5,000 $ 160,000
  Employee salaries and wages $ 50,000 $ 1,100 $ 88,000
  Travel expenses $ 600 $ 19,000
  Other expenses $ 36,000 $ 34,500
When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers.

5.What net operating income would appear in AdgerAc€?cs flexible budget for May?

Net operating income:______

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6.What is AdgerAc€?cs revenue variance for May? (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.)

Actual results:______ Revenue variance:_____:__ Flexible Budget:______

7.) What is AdgerAc€?cs employee salaries and wages spending variance for May? (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.)

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Actual results:______ Spending Variance:_____:__ Flexible Budget:________

8. What is AdgerAc€?cs travel expenses spending variance for May?(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.)

Actual results:______ Spending Variance:_____:__ Flexible Budget:_____

9. What is AdgerAc€?cs other expenses spending variance for May?(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.)

Actual results:_____ Spending variance:_____:__ Flexible budget:______

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