1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vlada-n [284]
2 years ago
11

Pattison Corporation is a service company that measures its output by the number of customers served. The company has provided t

he following fixed and variable cost estimates that it uses for budgeting purposes.
Fixed Element per Month Variable Element per Customer Served
Revenue $ 5,500
Employee salaries and wages $ 46,300 $ 1,000
Travel expenses $ 500
Other expenses $ 32,500
When the company prepared its planning budget at the beginning of May, it assumed that 20 customers would have been served. However, 17 customers were actually served during May.

The activity variance for "Travel expenses" for May would have been closest to:

A. $1,500 U

B. $1,500 F

C. $2,000 F

D. $2,000 U
Business
1 answer:
777dan777 [17]2 years ago
5 0

Answer:

B. $1,500 F

Explanation:

                                          Flexible    Planning     Activity  

                                          Budget     Budget      Variance

Customer served (q)             17             20  

Travel expense ($500q)   $8,500     $10,000     $1,500 (Favorable)

Workings

<u>Travel Expense </u>at 500q

Flexible budget = 500 * (17) = $8,500

Planning budget = 500 * (20) = $10,000

You might be interested in
Chad, who owns the only coffee shop in Rivercity, learns that Jose is about to open a competing coffee shop in the same small to
Leya [2.2K]

Answer:

Rivercity Coffee Shop

Chad cannot sue Jose.  The $10,000 is paid to Jose is a bribe.  Since a bribe is not legal, it cannot form the basis for an enforceable contract.

Moreover, the offer by Chad is an antitrust and anti-competition consideration that is legally frowned upon. illegal contract

Explanation:

For a contract to be enforceable, it cannot be illegal.  A bribe is illegal.  The basis for the contract is illegal.  Therefore, Chad cannot sue Jose.  Since Jose decided to breach the contract, neither Chad nor Jose is entitled to any compensation.  Jose cannot be held liable for non-performance.

6 0
3 years ago
Who are decision makers within organizations? (Check all that apply.)
dedylja [7]

Answer: Consultants

Explanation: They give their ideas and the company works according to that. If the company managers take decisions that suits them the employees and owners will adhere but the consultants might turn it down which affects the company immensely.

6 0
3 years ago
Kay’s dog-walking service is a profit-maximizing, competitive firm. Kay walks dogs for $7.50 each. Her total cost each day is $4
devlian [24]

Answer:

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

Explanation:

Giving the following information:

Kay walks dogs for $7.50 each. Her total cost each day is $45—she spends $35 a day on gas driving to different neighborhoods, and her liability insurance and other fixed costs average out to $10 per day.

Kay walks five dogs a day.

Income= 7.5*5= $37.5

Total cost= 45

Loss= (7.5)

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

6 0
2 years ago
In _____, products are made according to customer specifications.
Alisiya [41]
Mass customization (build to order)
4 0
3 years ago
Read 2 more answers
QUESTION 2 of 10: You're opening a chic new restaurant and have 15 tables which are all square and can seat 4 people. However, y
likoan [24]

Answer:

A) Yes

Explanation:

15 x 4 = 60 person capacity

60 - 2 = 58

58 - 6 = 52

52 - 8 = 44

44 - 8 = 36

36 - 10 = 26 person capacity left

Yes, you can accommodate everyone's reservation requests.

7 0
2 years ago
Other questions:
  • Criticism is hurtful because it makes one feel as if
    6·2 answers
  • Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will . The dem
    12·1 answer
  • You need $20,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortized loan. He would like
    12·1 answer
  • You are reading product reviews posted online by consumers. Which external information source are you using?
    7·2 answers
  • Accounts receivable amounts to $215,000 for the beginning of the year and
    5·1 answer
  • Free trade _______.
    6·2 answers
  • Suppose a banking system has $100,000 in deposits, a required reserve ratio of 25 percent, and total bank reserves for the whole
    10·1 answer
  • Fun fact: The average person walks past a murderer 36 times in their life It's a fun fact because they didn't kill you.
    8·2 answers
  • Which of the following is NOT one of the components of a firm's business model?
    5·1 answer
  • Which of the following is an example of an e-commerce security concern?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!