During March, Holston Corporation plans to serve 31,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:
Revenue: $4.60q
Wages and salaries: $36,600 + $1.60q
Supplies: $0.80q
Insurance: $10,900
Miscellaneous: $8,500 + $0.20q
Required:
Prepare the company's planning budget for March.

Question

Quizplus · Accepted Answer

The Answer of During March, Holston Corporation plans to serve 31,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:
Revenue: $4.60q
Wages and salaries: $36,600 + $1.60q
Supplies: $0.80q
Insurance: $10,900
Miscellaneous: $8,500 + $0.20q
Required:
Prepare the company's planning budget for March.

During March, Holston Corporation Plans to Serve 31,000 Customers