Question
Assume that a company provided the following cost forumulas for three of its expenses (Where q refers to the number of hours worked): Rent (Fixed)
Assume that a company provided the following cost forumulas for three of its expenses (Where q refers to the number of hours worked):
| Rent (Fixed) | $3,000 |
| Supplies (Variable) | $4.00q |
| Utilities (Mixed) | $150 + $0.75q |
The companys planned level of activity was 2,100 hours and its actual level of activity was 1,850 hours. How much supplies expense would be included in the planning budget?
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Enterprise Compliance Risk Management An Essential Toolkit For Banks And Financial Services
Authors: Saloni Ramakrishna
1st Edition
1118550285, 978-1118550281
