At the beginning of the period, the Fabricating Department budgeted direct labor of $99,000 and equipment depreciation of $44,000 for 5,500 hours of production. The department actually completed 7,100 hours of production. Required:
Determine the budget for the department, assuming that it uses flexible budgeting.

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.