Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,600 customers, but actually served 30,400 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:
Revenue: $5.40q
Wages and salaries: $35,100 + $1.67q
Supplies: $1.07q
Insurance: $12,300
Miscellaneous expenses: $8,300 + $0.49q
The company reported the following actual results for February:
Revenue $ 157,800
Wages and salaries $ 69,900
Supplies $ 16,300
Insurance $ 12,300
Miscellaneous expense $ 27,200
Required:
Prepare the company's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U)
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Arrasmith Corporation uses customers served as its measure of activity. During February, the company...
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