Answer:
The spending variance for "Employee salaries and wages" for March would have been closest to $1,200F
.
Explanation:
Customers served (q)
Employee salaries and wages ($58,400 + $1,000q)
The spending variance for "Employee salaries and wages" for March would have been closest to
Actual Results Flexible Budget Revenue and Spending Variances
(q) 26 26
($58,400 + $1,000q) $ 83,200 $ 84,400 $1,200F
Answer:
Wholistic Health Services Co.
Income Statement for the year end February 28, 2019
Service Revenue $270,900
Less: Supplies Expense <u>$3,000 </u>
Gross Income $267,900
Less operating Expenses:
Insurance Expense $4,000
Depreciation Expense $9,000
Miscellaneous Expense $6,000
Utilities Expense $1,760
Rent Expense $4,200
Wages Expense <u>$213,000</u>
<u>$237,960</u>
Net Income <u>$29,940 </u>
Explanation:
Income statement shows the performance of the company in a year. It provides the details of revenue, expenses and profits for the year. All the expenses are deducted from the revenue to determine the net earning of the business.
I think the answer is Downwards;increases
The wage will create surplus of workers since it is above the equilibrium wage.
