Harold Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During March, the company budgeted for 7,900 units, but its actual level of activity was 7,860 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for March:Data used in budgeting: Fixed element per monthVariable element per unitRevenue - $39.80 Direct labor$0 $7.70Direct materials 0 18.00Manufacturing overhead 38,200 1.50Selling and administrative expenses 27,400 0.50Total expenses$65,600 $27.70?Actual results for March: Revenue$297,318Direct labor$59,962Direct materials$135,850Manufacturing overhead$51,370Selling and administrative
expenses$31,950?The selling and administrative expenses in the planning budget for March would be closest to:
A. $32,113
B. $31,330
C. $31,350
D. $31,950
Answer: C
You might also like to view...
To best respond to rumors or misinformation in the marketplace, what social media strategy would be most effective?
A) Join existing conversations. B) Use content marketing. C) Choose a new compositional mode. D) Increase the use of community building. E) Change your online personality.
The four basic scale characteristics are nominal, order, distance and origin
Indicate whether the statement is true or false
Skills people need to use and support the specific products and technologies the service desk supports are referred to as ____ skills.
A. business B. computer C. technical D. analytical
Explain the differences between make-to-stock and make-to-order operations.
What will be an ideal response?