Miller and Sons' static budget for 10,300 units of production includes $35,400 for direct materials, $52,400 for direct labor, variable utilities of $6,900, and supervisor salaries of $15,700. A flexible budget for 14,000 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations, a. direct materials of $48,117, direct labor of $71,223, utilities of $9,379, and supervisor salaries of $15,700 Ob the same cost structure in total Octotal variable costs of $110,400 d. direct materials of $48,117, direct labor of $71,223, utilities of $9,379, and supervisor salaries of $18,840 At the beginning of the period, the Cutting Department budgeted direct labor of $131,000, direct materials of $152,000 and fixed factory overhead of $14,800 for 8,000 hours of production. The department actually completed 11,000 hours of production. The appropriate total budget for the department, assuming it uses flexible budgeting, is Round your final answer to the nearest dollar. Do not round interim calculations. a $297,800 b. $403.925 c. $303,350 d. $409,475 Following is a table for the present value of $1 at compound interest: Year 6% 12% 10% 0.909 1 0.893 2 0.826 0.943 0.890 0.940 0.792 0.797 0.712 3 0.751 4 0.683 0.636 0.567 5 0.747 0.621 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the tables provided, the internal rate of return of an investment of $227,460 that would generate an annual cash inflow of $60,000 for the next 5 years is a. 10% b. 6% c. 12% d. cannot be determined from the data given 8,000 Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $50,000 Training of machine operators 28,000 Processing returned products 19,000 Scrap processing (disposal) 25,000 Rework Preventive maintenance 30,000 Product design 46,000 Warranty work 12,000 Finished goods inspection 23,000 From the provided schedule of activity costs, determine the non-value-added costs. a $50,000 b. $30,000 C. $85,000 d. $64,000
