11. Hospital's cost formula for its wages and salaries is $2,140 per month plus $454 per birth. For the month of August, the hospital planned for activity of 102 births, but the actual level of activity was 100 births. The actual wages and salaries for the month was $47,660. The wages and salaries in the flexible budget for August would be closest to:

a. $47,660

b. $47,540

c. $47,498

d. $48,448

37. Which of the following statements is NOT correct concerning the Manufacturing Overhead Budget?

a. The Manufacturing Overhead Budget provides a schedule of all costs of production other than direct materials and labor costs.

b. The Manufacturing Overhead Budget is prepared after the Sales Budget.

c. The Manufacturing Overhead Budget shows the expected cash disbursements for manufacturing overhead.

d. The Manufacturing Overhead Budget shows only the variable portion of manufacturing overhead.