Business, 20.09.2020 09:01 lizbeth696
Prestridge Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for August.
Fixed Element per Month Variable Element per Customer Served Actual Total for August
Revenue $4,100 $120,500
Employee salaries and wages $41,500 $1,000 $71,200
Travel expenses $500 $14,800
Other expenses $38,900 $38,400
When the company prepared its planning budget at the beginning of August, it assumed that 31 customers would have been served. However, 29 customers were actually served during August. The variance for net operating income in the Revenue and Spending Variances column of a report comparing actual results to the flexible budget for August would have been closest to:
Answers: 2
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