chriever Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for bu urposes. Fixed element per Variable Element per month Well Serviced $ 57,200 $ 4,500 $1,100 $ 600 $ 31,000 he planning budget for May was based on 36 wells serviced, but a total of 31 wells were actually serviced in May. he activity variance for total expenses for May would have been closest to: Revenue Employee salaries and wages Servicing materials Other expenses Multiple Choice O O O O $10,500 F $8,500 F $10,500 U $8,500 U

The cost formula  for the maintenance department of the Eifel Co. is $6,500 per month plus $3.50 per machine hour used by the production department.  a. Calculate the maintenance cost that would be budgeted for the month of May in which 5,700 machine hours are planned to be used. b. Prepare an approproate performance report for the maintenance department assuming that 5,860 machine hours were actually used in the month of May, and the total maintenance cost inccured was $28,010.

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The following information applies to the questions displayed below.]   Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below:     Fixed Elementper Month Variable Element per Customer Served Actual Totalfor May Revenue     $ 5,400   $ 226,000 Employee salaries and wages $ 61,000 $ 2,200   $ 158,700 Travel expenses     $ 530   $ 20,700 Other expenses $ 40,000       $ 38,000   When preparing its planning budget the company estimated that it would serve 40 customers per month; however, during May the company actually served 45 customers. 13. What amount of other expenses would be included in Adger’s planning budget for May? - What activity variance would Adger report in May with respect to its revenue? (Indicate the effect of each variance by selecting "F" for favorable, "U"…