Business, 23.06.2021 04:30 meg329

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 7,500 units, but its actual level of activity was 7,450 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 unit Revenue - $ 35.00 Direct labor $ 0 $ 5.60 Direct materials 0 13.00 Manufacturing overhead 32,000 2.50 Selling and administrative expenses 26,300 0.30 Total expenses $ 58,300 $ 21.40 Actual results for May: Revenue $ 261,850 Direct labor $ 41,800 Direct materials $ 99,895 Manufacturing overhead $ 47,500 Selling and administrative expenses $ 30,550 The direct labor in the planning 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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