Scott Manufacturing Co's static budget at 10,000 units of production includes $40,000 for direct labor and $4,000 for electric power. Total fixed costs are $23,000. At 12,000 units of production, a flexible budget would show:
A) variable costs of $52,800 and $27,600 of fixed costs
B) variable costs of $44,000 and $23,000 of fixed costs
C) variable costs of $52,800 and $23,000 of fixed costs
D) variable and fixed costs totaling $67,000
C
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_______ are voluntary collectives with the purpose of advancing their members' interests. One example of such a collective is the Teamsters Union.
A. Clan cultures B. Nonprofit organizations C. Volunteer co-ops D. For-profit organizations E. Mutual-benefit organizations
Interest on a note receivable may be calculated without knowledge of the
a. principal amount. b. rate of interest. c. note's maturity date. d. note's duration.
A retailer can best implement a consumer's right to be informed by _____
a. providing a money-back guarantee on all goods and services b. utilizing per-unit pricing c. monitoring store waiting lines d. installing automatic teller machines
Tangible assets are often viewed as a protection against inflation
Indicate whether the statement is true or false.