$1$

You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and $"$do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control.

$6$ points

eBook

References

After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March:

$\backslash$table$[[,$Cost Fc$,\backslash$table$[[$Actual Cost$],[$in March$]]],[\backslash$table$[[$Util$],[M$ T$.]],$$$16,600+$$$0\mathrm{.}17$ per,$\backslash$table$[[$$ $21,290]]],[\backslash$table$[[$Maintenance$],[$Supplies$]],$$$38,400+$$$2\mathrm{.}10$ per machine$-$hour,$$67,900$