Question: Answer the following three questions using the information below: Rachel Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost-allocation rate is $20.00

Answer the following three questions using the information below:

Rachel Corporation manufactured 25,000 grooming kits for horses during March. The fixed-overhead cost-allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March:

	Actual	Static Budget
Production	25,000 units	24,000 units
Machine-hours	6,100 hours	6,000 hours
Fixed overhead cost for March	$123,000	$120,000

What is the flexible-budget amount?

	A.	$120,000
	B.	$122,000
	C.	$123,000
	D.	$125,000

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