Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kekiwi Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports During January,
Kekiwi Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports During January, the company budgeted for 6,900 units, but its actual level of activity was 6,910 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for January Data used in budgeting: Pixed Variable Element element per per Month unit Revenue $39.30 Direct labor $ $ 3.10 Direct materials 0 18.90 Manufacturing overhead 45,900 1.70 Selling and administrative expenses 27,000 0.30 Total expenses $72,900 $24.00 0 Actual results for January Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $281,473 $ 20,591 $134,889 $ 57,087 $ 28,063 The direct materials in the flexible budget for January would be closest to The direct materials in the flexible budget for January would be closest to: Multiple Choice $134,694 $130,410 $130,599 $135,084
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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