Bob and Sons' static budget for 10,000 units of production includes $50,000 for direct materials, $44,000 for direct labor, utilities of $5,000, and supervisor salaries of $15,000. A flexible budget for 12,000 units of production would show:
A) the same cost structure in total
B) direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $18,000
C) total variable costs of $136,800
D) direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $15,000
D
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Answer the following statement true (T) or false (F)
How well do direct mail response rates represent a campaign's long-term impact? How do marketers take this into account?
What will be an ideal response?
There is no income tax imposed on a partnership
Indicate whether the statement is true or false
Plum Corporation issues $400,000 of 7 percent, five-year bonds on January 1, 20x5, and sells them on the same date for their face value. The bond indenture states that interest is to be paid on January 1 and July 1 of each year. The entry to record the first interest payment includes
A) a credit to Cash for $28,000. B) a debit to Interest Expense for $14,000. C) a debit to Unamortized Discount on Bonds Payable for $14,000. D) All of these choices.