Tajiri Corporation uses customers served as its measure of activity. The followi

Question

Tajiri Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of May:

Complete the company's flexible budget performance report for May. Label each variance as favorable (F) or unfavorable (U). (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Tajiri Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of May:

Explanation / Answer

T Corporation Comparison of Planning Budget to Acutal Results For the Month Ended May 31 Particulars Planning Budgeted Actual Results Variances Customers served 26,000 27,000 Revenuye (3.40 q) $88,400 91,800 $3,400 U Expenses Wages and salaries $22,600+ $1.16q) 52,760 53,920 1,160 U Supplies ($0.56q) 14,560 13,060 1,500 F Insurance ($4,500) 4,500 4,500 0 Miscellaneous($3,500 + $.36q) 12,860 11,360 1,500 F Total expenses 84,680 82,840 1,840 F Net Operating income $3,720 $8,960 5,240 U

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