Stegemann Corporation is a shipping container refurbishment company that measures its output by the number of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Stegemann Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for May Fixed Element Variable Element per Container Actual Total for per Month Refurbished May $156,400 Revenue $5,300 Employee salaries and wages. $42,900 $1,300 $ 82,300 Refurbishing materials $ 500 Other expenses $ 15,100 $ 41,900 $42,900 When the company prepared its planning budget at the beginning of May, it assumed that 27 containers would have been refurbished. However, 29 containers were actually refurbished during May. The amount shown for "Other expenses" in the planning budget for May would have been closest to: Multiple Choice The amount shown for "Other expenses" in the planning budget for May would have been closest to: Multiple Choice O $42,900 O $41,900 $39,010 $42,400 Stegemann Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for May Fixed Element Variable Element per Container Actual Total for per Month Refurbished May $156,400 Revenue $5,300 Employee salaries and wages. $42,900 $1,300 $ 82,300 Refurbishing materials $ 500 Other expenses $ 15,100 $ 41,900 $42,900 When the company prepared its planning budget at the beginning of May, it assumed that 27 containers would have been refurbished. However, 29 containers were actually refurbished during May. The amount shown for "Other expenses" in the planning budget for May would have been closest to: Multiple Choice The amount shown for "Other expenses" in the planning budget for May would have been closest to: Multiple Choice O $42,900 O $41,900 $39,010 $42,400
Expert Answer:
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
Students also viewed these accounting questions
-
ABC Company is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates...
-
Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for...
-
Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for...
-
You are asked to evaluate the following two projects for Boring Corporation using the NPV method combined with the PI approach, which project would you select? Use a discount rate of 10 percent....
-
Dreiling Company borrowed $300,000 on January 1, 2014, by issuing a $300,000, 8% mortgage note payable. The terms call for semiannual installment payments of $20,000 on June 30 and December 31....
-
In each pair of compounds, which compound has the higher boiling point? Explain your reasoning. (a) octane or 2,2,3-trimethylpentane (b) Nonane or 2-methylheptane (c) 2, 2, 5-trimethylhexane or nonane
-
Eco-efficiency provides necessary but not sufficient indicators of environmental performance. What is environmental performance? Provide an example of another type of information that is important...
-
Your company has two divisions: One division sells software and the other division sells computers through a direct sales channel, primarily taking orders over the Internet. You have decided that...
-
The sales journal for Simon Company is shown below. SALES JOURNAL Date Sales Slip No. Customer Accounts Post. Receivable Sales tax Payable Sales Jan. 1 924 Name Jane Doe Ref. Debit Credit Credit...
-
Craig Fisher started a lawn service called Craigs Quick Cut to earn money over the summer months. Fisher has decided to use the following accounts for recording transactions: Assets Revenue Cash Lawn...
-
Write a better version of memo for Technical description of paperclip I'm attaching the memo i have written please right a better one in a perfect memo format MEMORANDUM To: From: Date: Subject:...
-
P(B|E c ) Find the indicated probabilities by referring to the given tree diagram and by using Bayess Rule. A P(A) = 0.2 P(E|A)=0.6 E P(ECA) = 0.4 -EC P(B) = 0.55 P(E|B)=0.7 -E B EC P(E|B) = 0.3 P(C)...
-
Use the information given in Problem 22 to find: (a) P(A 1 |E) (b) P(A 2 |E) Data from Problem 22 Suppose that events A 1 and A 2 form a partition of the sample space S with P(A 1 ) = 0.35 and P(A 2...
-
On the earth, an astronaut throws a ball straight upward; it stays in the air for a total time of \(3.0 \mathrm{~s}\) before reaching the ground again. If a ball were to be thrown upward with the...
-
Suppose that Y is a normally distributed random variable with = 10 and = 2, and X is an independent random variable, also normally distributed with = 5 and = 5. Find: (a) P(Y>12 and X>4) (b) P(Y...
-
In a hypothesis test the p value is 0.043. This means that we can find statistical significance at: (1) both the 0.05 and 0.01 levels (2) the 0.05 but not at the 0.01 level (3) the 0.01 but not at...
-
In the context of helping and sharing, "cheating" is defined as choices accepting a benefit from another individual without reciprocating providing a benefit for another individual without expecting...
-
Provide a draft/outline of legal research involving an indigenous Canadian woman charged with assault causing bodily harm under (Sec 267b) of the Criminal Code, where the crown wants a 12-month jail...
-
Bears, Inc., adds materials at the beginning of the process in Department MO. The following information on physical units for Department MO for the month of July is available: Work in process, July 1...
-
Toms Tax Services is a small accounting firm that offers tax services to small businesses and individuals. One of Toms major clients, the Orange Café, is considering moving its business...
-
Davidson Communications produces mobile phones. In Building 404, the phones are assembled and then sent to Building 405 where they are inspected, packaged, and shipped to the customer. On Thursday,...
-
Derive the frequency equation, the first three natural frequencies, and plot the first three mode shapes of a clamped-clamped uniform beam undergoing transverse vibration.
-
Perform the necessary variations to derive Equation 7.62 . y [8GA(x) (0-4)] -m(x)- + p(x, t) by dx t + EI(x)- : ) + GA(2) (3/2/2-4) -k2(x)m(x)- - t EI(x) L (-)}]* -[{GA(x) ( x dt = 0. (7.62)
-
Equations 7.63 and 7.64 are solved using the assumed solutions \(y(x, t)=Y(x) \exp (i \omega t)\) and \(\psi(x, t)=\Psi(x) \exp (i \omega t)\). Find the characteristic equation. a [GA(2) x 2 -m(x)....
Study smarter with the SolutionInn App