How to find the flexible budget B. $485 FC. $195 UD. $485 U9. Squillace Corporation uses customers served as its measure of activity. During October, thecompany budgeted for 38,000 customers, but actually served 35,000 customers. The companyhas provided the following data concerning the formulas used in its budgeting and its actualresults for October:Data used in budgeting:FixedVariableelementelement perper monthcustomer$3.80$1.20Revenue...Wages and salariesSupplies.$35,400$0.60$10,600$7,200$0.00$0.40InsuranceMiscellaneousActual results for October:$130,900$75,700$21,300Revenue.Wages and salariesSuppliesInsurance$10,200$23,500MiscellaneousRequired:Prepare the company's flexible budget performance report for October (calculate both activityvariances and revenue and spending variances). Label each variance as favorable (F) orunfavorable (U). Use the templates given below.

Answered: How to find the flexible budget

Business

Accounting

How to find the flexible budget

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter13: Budgeting And Standard Costs

Section: Chapter Questions

Problem 13.2.6P: Budgeted income statement and supporting budgets The budget director of Jupiter Helmets Inc., with...

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its budgeting and its actual results for January: Data used in budgeting: \table[[,\table[[Fixed element],[per month]],\table[[Variable element],[per client-visit]]],[Revenue,$0,$35.20