Answer
$29,500
Work Step by Step
Net operating income would appear in Adger’s flexible budget for May= Revenue - (Employee salaries and wages + Travel expenses + Other expenses) = 175,000 - (88,500 + 21,000 + 36,000) = $29,500
Managerial Accounting (15th Edition)
by Garrison, Ray; Noreen, Eric, Brewer, Peter
Published by
McGraw-Hill Education
ISBN 10:
007802563X
ISBN 13:
978-0-07802-563-1
Chapter 9 - Flexible Budgets and Performance Analysis - The Foundational 15 - Required - Page 412: 5
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
