The medical services department of Fischer Company budgeted $25 of variable medical expenses per employee for May, based on 2,000 employees in operating departments. During May an average of 1,980 employees were employed in operating departments. Actual variable medical expenses totaled $50,700 for the month. How much variable medical expenses should be charged to operating departments at the end of May for performance evaluation purposes?
A. $49,500
B. $51,212
C. $50,700
D. $50,000
Answer: A
You might also like to view...
The formula to compute direct material quantity variance is to calculate the difference between
A) actual costs - standard costs B) standard costs - actual costs C) (actual quantity standard price) - standard costs D) actual costs - (standard price standard costs)
The debit side of the work in process account represents:
a. direct materials and direct labor. b. direct materials, direct labor and finished goods. c. indirect materials, indirect labor and direct labor. d. direct materials, direct labor and applied overhead. e. finished goods.
________ are private individuals who provide seed capital to young ventures.
A. Gazelles B. Rising stars C. Cash cows D. Angels
In Latvia, only one six-lane highway exists, connecting Riga, its capitol, with Moscow. Otherwise, the roads are two-lane and many are made of cobblestones or bricks. This limits the speed with which deliveries can be made and requires that delivery trucks be quite small. The road network in Latvia is an example of problems with a country's
A. fixed-asset base. B. geopolitical wealth. C. asset wealth. D. capital improvements. E. economic infrastructure.