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Prepare the company planning budget for the month

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Reference no: EM132734778

The corporation bases its budgets on the activity measure ' customers served'. During the month, the company plans to serve 38,000 customers. The company has provided the following data concerning the formulas it uses in its budgeting.

                              Fixed Element per month               Variable Element per month
Revenue                   -                                                  $2.10
Wages/Salaries           $25,000                                      .50c
Supplies                         $0                                       .30c
Insurance                      $6,200                                   $0.00
Misc Exp                       $2,500                                      .40c

Problem 1: Prepare the company's planning budget for the month. What is the net operating income?

Reference no: EM132734778

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