1. Adger Corporation is a service company that measures its output based on the
ID: 2568814 • Letter: 1
Question
1. 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:
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.
7. What is Adger’s 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.)
From the abov answer only 122,9000 and F are correct, please find to find the rest of the correct answers.
8. What is Adger’s 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.)
Form this answer only 17,770 and F is correct the other are wrong please help.
9. What is Adger’s 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 = $48,000 wrong
Spending Variance = $45,200 wrong
F = correct
Flexible Budget = $ 2,800 wrong.... please help me tofind the corret answers
[The following information applies to the questions displayed below.]
2. Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations:
a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 9,100, 22,000, 24,000, and 25,000 units, respectively. All sales are on credit.
b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month.
c. The ending finished goods inventory equals 20% of the following month’s unit sales.
d. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound.
e. Forty percent of raw materials purchases are paid for in the month of purchase and 60% in the following month.
f. The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours.
g. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $61,000.
Please answer only this question from problem 2:
What are the expected cash collections for July?
Total cash collection = $........
the answer is not $382,200 please find the correct answer
thank you
Fixed Elementper Month Variable Element per Customer Served Actual Total
for May Revenue $ 6,200 $ 196,000 Employee salaries and wages $ 69,000 $ 1,600 $ 122,900 Travel expenses $ 610 $ 17,700 Other expenses $ 48,000 $ 45,200
Explanation / Answer
Actual customer served 35 customer Overheads applied for actual activity(Flexible budget) Employees Salaries and wages ( 1600*35 +69000) 125000 Travel Expense (610*35) 21350 Other expense(48000) 48000 Actual Overheads Incurred Employees Salaries and wages 122900 Travel Expense 17700 Other expense 45200 Req 7: Actual Results Spending Variance Flexible budget Employee Salaries wages 122900 2100 F 125000 Req 8. Actual Results Spending Variance Flexible budget Travel expense 17700 3650 F 21350 Req 9: Actual Results Spending Variance Flexible budget Other expense 45200 2800 F 48000
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