Answer:
Flexible budget cost materials and supplies= $2,720
Explanation:
In the flexible budget, we need to multiply the standard quantities by the actual activity.
<u>Standard cost formula:</u>
materials and supplies= 1,950 + 14*x
x= number of vehicles
<u>For 55 vehicles:</u>
Flexible budget cost= 1,950 + 14*55
Flexible budget cost= $2,720
Answer: B. False
Explanation: the statement is false, because If all the tickets are purchased on the internet for $1800($300 each) instead of the list price of $120 each for one ticket, it makes no economic sense to buy on the internet.
Only if buying the tickets on the internet is the same rate or cheaper will it make economic sense.
repeatability and reproducibility (R&R) study
Answer:
equal to
Explanation:
When the units produced are equal to the units sold, net operating income computed using the absorption costing approach is equal to the net operating income computed using the variable costing approach.
