During May, Cockrel Corporation plans to serve 47,000 customers. The company uses the following revenue...
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Accounting
During May, Cockrel Corporation plans to serve 47,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:
Revenue: $4.41q
Wages and salaries: $34,700 + $1.68q
Supplies: $.88q
Insurance: $16,000
Miscellaneous expense: $5,700 + $.58q
Required:
Prepare the company's planning budget for May.
Budgeted customers served _______
Reveune ________
Expenses:
Wages and salaries _______
Supplies ______ Insurance_______
Misc. Expense ________
Total expense ________
Net operating income ________
Answer & Explanation
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