Milot Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for April. Fixed Element per MonthVariable Element per Well ServicedActual Total for AprilRevenue $3,800$112,900Employee salaries and wages$41,400 $900$69,500Servicing materials $500$15,100Other expenses$29,600 $30,200?When the company prepared its planning budget at the beginning of April, it assumed that 32 wells would have been serviced. However, 29 wells were actually serviced during April.?The activity variance for total expenses for April would have been closest to:
A. $4,200 U
B. $1,000 U
C. $1,000 F
D. $4,200 F
Answer: D
You might also like to view...
In order for a plaintiff to win a case involving intentional infliction of emotional distress, she must prove the defendant acted in an extreme and outrageous manner
a. True b. False Indicate whether the statement is true or false
Identify the statement that is incorrect.
A. Risk is higher if a company has higher assets. B. Lower financial leverage involves lower risk. C. The debt ratio is one measure of financial risk. D. Higher financial leverage involves higher risk. E. Risk is higher if a company has more liabilities.
If a contract term is ambiguous, a court can consider extrinsic evidence
Indicate whether the statement is true or false
List the major federal statutes that regulate the labor-management relationship, along with their respective provisions.
What will be an ideal response?