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.

What will be an ideal response?



Hynes Corporation
Planning Budget
For the Month Ended December 31
Budgeted customers served (q) 35,000
Revenue ($2.00q)$70,000
Expenses:  
  Wages and salaries ($24,600 + $0.50q) 42,100
  Supplies ($0.30q) 10,500
  Insurance ($5,400) 5,400
  Miscellaneous expense ($4,100 + $0.10q) 7,600
Total expense 65,600
Net operating income$  4,400

Business

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