Neubert Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During December, the company budgeted for 5,300 units, but its actual level of activity was 5,340 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for December:Data used in budgeting: Fixed Element per MonthVariable element per unitRevenue - $30.00 Direct labor$0 $3.50Direct materials 0 10.40Manufacturing overhead 33,300 1.50Selling and administrative expenses 25,000 0.50Total expenses$58,300 $15.90?Actual results for December: Revenue$156,340Direct labor$17,980Direct materials$56,566Manufacturing overhead$41,040Selling and administrative
expenses$28,870?The net operating income in the flexible budget for December would be closest to:
A. $11,974
B. $11,795
C. $16,994
D. $16,430
Answer: C
You might also like to view...
Documents requiring approval, such as a purchase requisition, may be routed for electronic approval using ______________________________ software
Fill in the blank(s) with correct word
Outline Porter's three critical tests for evaluating strategy.
What will be an ideal response?
How does a television commercial about a company that will help a person lose weight attempt to influence the problem recognition phase of the consumer decision-making process? Explain your answer
What will be an ideal response?
________ lets marketers look at cost and demand at the same time and identify the output and the price that will generate the maximum profit
A) Break-even analysis B) SWOT analysis C) Marginal analysis D) Competitive analysis E) Supply-demand analysis