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Required information The Foundational 15 (Algo) (LO9-1, LO9-2, LO9-3] [The following information applies to the questions displayed below.] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Fixed Element per Month Variable Element per Customer Served $ 6,200 $ 2,100 $ 520 Actual Total for May $ 200,500 $ 132,300 $ 15,200 $ 37,100 Revenue Employee salaries and wages Travel expenses Other expenses $ 60,000 $ 39,000 When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers. Required: 1. What amount of revenue would be included in Adger's flexible budget for May? Amount of revenue included in the flexible budget 2. What amount of employee salaries and wages would be included in Adger's flexible budget for May? Amount of employee salaries and wages included in the flexible budget 3. What amount of travel expenses would be included in Adger's flexible budget for May? Amount of travel expenses included in the flexible budget 4. What amount of other expenses would be included in Adger's flexible budget for May? Amount of other expenses 5. What net operating income would appear in Adger's flexible budget for May? Net operating income

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