Teel Printing uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance reports. The cost formula for wages and salaries is $8,850 per month plus $400 per press run plus $950 per book set-up. The company expected its activity in July to be 204 press runs and 111 book set-ups, but the actual activity was 201 press runs and 110 book set-ups. The actual cost for wages and salaries in July was $193,780. The wages and salaries in the planning budget for July would be closest to: Multiple Choice $193,750 $195,900 $193,780 $196.672
Teel Printing uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance reports. The cost formula for wages and salaries is $8,850 per month plus $400 per press run plus $950 per book set-up. The company expected its activity in July to be 204 press runs and 111 book set-ups, but the actual activity was 201 press runs and 110 book set-ups. The actual cost for wages and salaries in July was $193,780. The wages and salaries in the planning budget for July would be closest to: Multiple Choice $193,750 $195,900 $193,780 $196.672
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Teel Printing uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance reports. The cost formula for wages and
salaries is $8,850 per month plus $400 per press run plus $950 per book set-up. The company expected its activity in July to be 204 press runs and 111 book set-ups, but
the actual activity was 201 press runs and 110 book set-ups. The actual cost for wages and salaries in July was $193,780.
The wages and salaries in the planning budget for July would be closest to:
Multiple Choice
$193.750
$195,900
$193,780
$196,672
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