1,2.

The Banking Aid Company measures its performance by the number of banks serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes based on servicing 34 banks. Fixed Amount per Month Variable Amount per Month Revenue for the month $4,500 Salaries and wages for the month $56,400 $ 900 Other materials $35,400 $ 700 For the month of February, they serviced 32 banks. The flexible budget for the salaries and wages for the month of February should have been $87,000 $84,600 $85,200 $89,888 Chipper Corp. produces potato chips. To produce a 10 ounce bag of potato chips, Chipper uses one pound of potatoes. Chipper purchases the potatoes from a local farmer, Mr. Potato Head for $0.50 per pound plus $0.05 in sales tax. The cost to ship the potatoes to Chipper is $1,000 for 10,000 pounds of potatoes. What is Chipper's standard price per pound of potatoes? $0.75 $0.65 $0.60 $0.50