Business, 16.04.2020 02:29 yatayjenings12

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 7,300 units, but its actual level of activity was 7,250 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 - $ 34.80 Direct labor $ 0 $ 6.80 Direct materials 0 13.30 Manufacturing overhead 30,000 2.30 Selling and administrative expenses 26,100 0.80 Total expenses $ 56,100 $ 23.20 Actual results for May: Revenue $ 253,600 Direct labor $ 48,970 Direct materials $ 98,250 Manufacturing overhead $ 46,500 Selling and administrative expenses $ 30,530 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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