g Enabled: Quiz 3- Chapters 7-9 Saved Help Save & Exit Submit Piechocki 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 7,900 units, but its actual level of activity was 7,850 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: Fixed element Variable element per per month $ 0 $ 0 unit 55 Revenue $ 35.40 $ 6.00 Direct labor Direct materials 12.50 Manufacturing overhead Selling and administrative expenses 1.70 36,000 26,700 $ 62,700 0.70 Total expenses $ 20.90 Actual results for May: $ 278,900 $ 47,230 $ 101,105 $ 49,500 $ 30,590 Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses The direct labor in the planning budget for May would be closest to: Multiple Choice 4 of 25 Next > < Prev
g Enabled: Quiz 3- Chapters 7-9 Saved Help Save & Exit Submit Piechocki 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 7,900 units, but its actual level of activity was 7,850 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: Fixed element Variable element per per month $ 0 $ 0 unit 55 Revenue $ 35.40 $ 6.00 Direct labor Direct materials 12.50 Manufacturing overhead Selling and administrative expenses 1.70 36,000 26,700 $ 62,700 0.70 Total expenses $ 20.90 Actual results for May: $ 278,900 $ 47,230 $ 101,105 $ 49,500 $ 30,590 Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses The direct labor in the planning budget for May would be closest to: Multiple Choice 4 of 25 Next > < Prev
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:g Enabled: Quiz 3- Chapters 7-9
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Piechocki 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 7,900 units, but its actual level of activity was 7,850 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:
Fixed element Variable element per
per month
$ 0
$ 0
unit
55
Revenue
$ 35.40
$ 6.00
Direct labor
Direct materials
12.50
Manufacturing overhead
Selling and administrative expenses
1.70
36,000
26,700
$ 62,700
0.70
Total expenses
$ 20.90
Actual results for May:
$ 278,900
$ 47,230
$ 101,105
$ 49,500
$ 30,590
Revenue
Direct labor
Direct materials
Manufacturing overhead
Selling and administrative expenses
The direct labor in the planning budget for May would be closest to:
Multiple Choice
4 of 25
Next >
< Prev
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