Asked by Donna-Lee Graham on Jul 16, 2024
Verified
During December, Hynes Corporation plans to serve 35,000 customers.Revenue is $2.00 per customer served.Wages and salaries are $24,600 per month plus $0.50 per customer served.Supplies are $0.30 per customer served.Insurance is $5,400 per month.Miscellaneous expenses are $4,100 per month plus $0.10 per customer served.
Required:
Prepare the company's planning budget for December.
Planning Budget
A financial plan that estimates future revenues, expenses, and other financial needs for a specific period.
Customers Served
The total number of clients or customers that a business or facility has provided services or goods to within a specific period.
- Formulate flexible financial plans based on the genuine levels of operation.
- Apply budgeting techniques in service and manufacturing settings.
Verified Answer
AH
Learning Objectives
- Formulate flexible financial plans based on the genuine levels of operation.
- Apply budgeting techniques in service and manufacturing settings.
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