Piechocki Corporation manufactures and sells a single product. The company uses units as the measure...
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Accounting
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 7,200 units, but its actual level of activity was 7,150 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 $ 0 $ 34.70 Direct labor $ 0 $ 6.70 Direct materials 0 13.20 Manufacturing overhead 42,000 2.20 Selling and administrative expenses 26,000 0.70 Total expenses $ 68,000 $ 22.80 Actual results for May: Revenue $ 249,300 Direct labor $ 48,110 Direct materials $ 95,680 Manufacturing overhead $ 46,000 Selling
Multiple Choice
$47,905
$48,110
$48,240
$48,210
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