Bryntesson corporation bases its budgets on the activity, Ask an Expert

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Bryntesson Corporation bases its budgets on the activity measure customers served. During September, the company planned to serve 24,000 customers, but actually served 19,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served"

Revenue: $2.90q
Wages and salaries: $24,700 + $0.90q
Supplies: $0.40q
Insurance: $4,900
Miscellaneous: $2,800 + $0.10q

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).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9976344

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