Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Uber Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May,
Uber Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 6,100 units, but its actunl level of activity was 6,050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May Data used in budgeting Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Fixed element per month $0 $0 0 31,000 24,900 $ 55,900 Variable element per unit $ 33.60 $ 5.60 13.20 1.10 0.30 $ 20.20 Actual results for May Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $ 204,100 $ 33, 360 $ 81,200 $ 40,500 $ 30,410 The activity variance for direct labor in May would be closest to The activity variance for direct labor in May would be closest to: Multiple Choice $280 F $280 U $800 F $800 U
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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