Steelcase Corporation is one of the largest manufacturers of office furniture in the United States. In Grand

Question:

Steelcase is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produces filing cabinets in two departments: Fabrication and Trim Assembly. Assume the following information for the Fabrication Department:
Steel per filing cabinet . . . . . . . . . . . . 40 pounds
Direct labor per filing cabinet . . . . . . . 24 minutes
Supervisor salaries . . . . . . . . . . . . . . . $125,000 per month
Depreciation . . . . . . . . . . . . . . . . . . . . $30,000 per month
Direct labor rate . . . . . . . . . . . . . . . . . $14 per hour
Steel cost . . . . . . . . . . . . . . . . . . . . . . $1.50 per pound
Prepare a flexible budget for 15,000, 17,500, and 20,000 filing cabinets for the month of May 2006, similar to Exhibit 4, assuming that inventories are not significant.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...