Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel are: Fixed manufacturing costs $50,000 per month Variable manufacturing costs $12.00 per ton of
Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel are:
Fixed manufacturing costs | $50,000 per month |
Variable manufacturing costs | $12.00 per ton of steel |
Nikoto produced 40,000 tons of steel during March. How much is the flexible budget for total manufacturing costs for March?
A. | $650,000 |
B. | $480,000 |
C. | $520,000 |
D. | $530,000 |
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