Neeb Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During January, the company budgeted for 7,000 units, but its actual level of activity was 7,040 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for January:Data used in budgeting: Fixed element per monthVariable element per unitRevenue - $27.20 Direct labor$0 $3.20Direct materials 0 9.70Manufacturing overhead 44,300 1.10Selling and administrative expenses 27,000 0.40Total expenses$71,300 $14.40?Actual results for January: Revenue$183,448Direct labor$23,178Direct materials$68,808Manufacturing overhead$49,784Selling and administrative
expenses$30,246?The direct labor in the planning budget for January would be closest to:
A. $22,400
B. $23,046
C. $23,178
D. $22,528
Answer: A
Business
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