Hobbs Manufacturing Co's static budget at 10,000 units of production includes $50,000 for direct labor and $7,000 for variable electric power. Total fixed costs are $30,000 . At 15,000 units of production, a flexible budget would show ________
a. variable costs of $85,500 and $36,000 of fixed costs
b. variable costs of $75,000 and $30,000 of fixed costs
c. variable costs of $85,500 and $24,000 of fixed costs
d. variable and fixed costs totaling $115,500
d
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The direct write-off method is not normally an acceptable method for GAAP because it fails to report:
A. Accounts receivable for the net amount of cash expected to be collected. B. Revenue from the sale of goods or services to customers. C. The amounts receivable from customers. D. Cash collected from customers.
Sociologists look for defining events such as major economic upheaval, wars, and ________ as triggers for generational change.
A. sociocultural revolution B. foreign policy changes C. population growth D. marketing opportunities E. political stability
When a firm uses a direct-shipment design, ______.
a. each supplier sends shipments directly to each of the buying firm’s locations b. the only decision the buying company’s purchasing manager has to make is the quantity of goods to be ordered c. the only decision the buying company’s purchasing manager has to make is the price of goods to be ordered d. the only decision the buying company’s purchasing manager has to make is the date the goods are to be delivered
Which one of the following is not one of the three main currency systems in practice today?
A) currency boards B) floating exchange rates C) target zones D) pegged exchange rate systems