Benjamin Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided thefollowing fixed and variable cost estimates that it uses for budgeting purposes.Fixed ElementVariable Element perper MonthContainer RefurbishedRevenueEmployee salaries and wagesRefurbishing materials$5,400$1,000$ 700$58,300Other expenses$31, 200When the company prepared its planning budget at the beginning of March, it assumed that 26 containers would have been refurbished. However, 23 containers wereactually refurbished during March.The amount shown for revenue in the planning budget for March would have been closest to: The amount shown for revenue in the planning budget for March would have been closest to:Multiple Choice$126,000$140,400$142,435$124,200

Planning Budget is based on estimated units to be produced rather than actual units produced. Amount…

Benjamin Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the Following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element Variable Element per per Month Container Refurbished Revenue Employee salaries and wages Refurbishing materials Other expenses $5,400 $1,e00 $ 700 $58,300 $31,200 Vhen the company prepared its planning budget at the beginning of March, it assumed that 26 containers would have been refurbished. However, 23 containers were actually refurbished during March. The amount shown for revenue in the planning budget for March would have been closest to:

Benjamin Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the Following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element Variable Element per per Month Container Refurbished Revenue Employee salaries and wages Refurbishing materials Other expenses $5,400 $1,e00 $ 700 $58,300 $31,200 Vhen the company prepared its planning budget at the beginning of March, it assumed that 26 containers would have been refurbished. However, 23 containers were actually refurbished during March. The amount shown for revenue in the planning budget for March would have been closest to:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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