What is public debt?
1 answer:
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Answer:
Explanation:
Fixed cost per month Variable cost per well Revenue $4,700 Salaries and Wages $41,300 $1,000 Service Materials $600 Other Expenses $40,200 When the company prepared its planning budget at the beginning of May, it assumed that 29 wells would have been serviced. However, 31 wells were actually serviced during May. Prepare the Planning Budget, Flexible Budget and variance analysis for Cosden Corporation.
<u> Planning Budget Flexible budget variance- Fav/(Unfav) </u>
Revenue 4700*29 4700*31 9400
= 136300 = 145700
Less:
Salaries and wages 41300+1000*29 41300+1000*31 (2000)
= 70300 = 72300
Service material 600*29 = 17400 600*31 = 18600 (1200)
Other expense 40200 40200 0
Profit 8400 14600 6200
