Question
Teel Printing uses two measures of activity, print runs and book setups, in the cost formulas of its budgets and performance reports. The cost formula
Teel Printing uses two measures of activity, print runs and book setups, in the cost formulas of its budgets and performance reports. The cost formula for salaries and wages is $4,300 per month plus $401 per print run plus $951 per book edition. The company expected its July activity to be 223 print runs and 130 book setups, but actual activity was 220 print runs and 129 book setups. The actual cost of wages and salaries in July was $216,880.
The variation in spending on wages and salaries in July would be the closest to:
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
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