Cicchetti Corporation uses customers served as its measure of activity. The following report compares the...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Cicchetti 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 December: Cicchetti Corporation Comparison of Actual Results to Planning Budget For the Month Ended December 31 Actual Planning ResultsBudget Variances Customers served Revenue (3.50q) 43,000 42,000 $150,300 $ 147,000 $ 3,300 F Expenses Wages and salaries ($24,200 $1.32q) Supplies ($0.72q) Insurance ($6,100) Miscellaneous expense (S5,100+ $.41q) 20,920 80,960 79,640 1,320 U 28,840 30,240 1,400 F 6,100 6,100 0 22,320 1,400 F Total expense 136,820 138,300 1,480 F Net operating income $ 13,480$ 8,700 $ 4,780 F
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
