What should the total wages and salaries cost be in a flexible budget for 600...
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What should the total wages and salaries cost be in a flexible budget for 600 lawns? Larry's Flexible Budget Larry's Lawn Service For the Month Ended June 30 Revenue/Cost Flexible Formulas Budget Number of lawns (Q) 550 Revenue ($750) $ 41,250 Expenses Wages and salaries ($5,000 + $300) $ 21,500 Gasoline and supplies ($90) 4,950 Equipment maintenance ($3Q) 1,650 Office and shop utilities ($1,000) 1,000 Office and shop rent ($2,000) 2,000 Equipment Depreciation ($2,500) 2,500 Insurance ($1,000) 1,000 Total expenses 34,600 Net operating income $ 6,650 Multiple Choice Multiple Choice O $18,000 $23,000 $25,000 $20,000 An increase in sales volume with no change in cost structure or operating assets which of the following is most likely to happen? Multiple Choice Increase margin and turnover Increase turnover but not margin Decrease turnover but increase margin Increase margin but not turnover
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