Cannoli Corporation bases its budgets on machine-hours. The company's static planning budget for September appears...
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Accounting
Cannoli Corporation bases its budgets on machine-hours. The company's static planning budget for September appears below: Budgeted number of machine-hours 8,500 Budgeted variable costs: Supplies (@ $1.50 per machine-hour) $12,750 Power (@ $3.30 per machine-hour) 28,050 Budgeted fixed costs: Salaries 15,300 Equipment depreciation 37,400 Total expense $93,500 Prepare a flexible budget for 8,600 machine-hours per month. show all work
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