Business, 07.04.2020 21:18 Chunkypants8369

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 7,700 units, but its actual level of activity was 7,650 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 per month Variable element per unitRevenue - $ 35.20Direct labor $ 0 $ 5.80Direct materials 0 12.80Manufacturing overhead 34,000 1.50Selling and administrative expenses 26,500 0.50Total expenses $ 60,500 $ 20.60Actual results for May:Revenue $ 270,800Direct labor $ 44,210Direct materials $ 99,995Manufacturing overhead $ 48,500Selling and administrative expenses $ 30,570The direct materials in the flexible budget for May would be closest to:

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Piechocki Corporation manufactures and sells a single product. The company uses units as the measure...

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