Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
14) Buckson Framing's cost formula for its supplies cost is s1,350 per month plus $18 per frame. For the month of June, the company planned
14) Buckson Framing's cost formula for its supplies cost is s1,350 per month plus $18 per frame. For the month of June, the company planned for activity of 716 frames, but the actual level of activity was 713 frames. The actual supplies cost for the month was si4,820. The supplies cost in the flexible budget for June would be closest to: A) $14,178 B) $14,820 C)$14,238 D) $14,184 15) Herlocker Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Variable Element per Container Fixed Element per MonthRefurbished Revenue Employee salaries and wages Refurbishing materials Other expenses $ 4,600 S 1,100 600 S 42,700 S 29,100 When the company prepared its planning budget at the beginning of February, it assumed that 26 containers would have been refurbished. The amount shown for revenue in the planning budget for February would have been closest to: A)$119,600 B)$136,300 C)$122,200 D) $133,400 4
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started