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Managerial Accounting: Flexible Budget Exercise 22-8 (Part Level Submission) Rensing Groomers is in the dog-grooming business. Its operating costs are described by the following formulas

image text in transcribedimage text in transcribedManagerial Accounting: Flexible Budget

Exercise 22-8 (Part Level Submission) Rensing Groomers is in the dog-grooming business. Its operating costs are described by the following formulas y E $0+$3x Grooming supplies (variable) Direct labor (variable) y $0 $12x overhead (mixed) $9,600 Milo, the owner, has determined that direct labor is the cost driver for all three categories of costs. (a) Prepare a flexible budget for activity levels of 530, 590, and 660 direct labor hours. (Listvariable costs before fixed costs.) RENSING GROOMERS Flexible Budget

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