Business, 13.12.2019 23:31 jshehehdh

Miller and sons' static budget for 10,000 units of production includes $50,000 for direct materials, $44,000 for direct labor, variable utilities of $5,000, and supervisor salaries of $24,000. a flexible budget for 12,000 units of production would show the

a) same cost structure in total
b) direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $29,000
c) direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $24,000
d) total variable costs of $148,000

Answers: 2

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Answers

correct option is c) direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $24,000

Explanation:

given data

static budget = 10,000 units

direct materials = $50,000

direct labor = $44,000

variable utilities = $5,000

supervisor salaries = $24,000

flexible budget = 12,000 units

solution

Miller & Sons Static Budget Flexible Budget

Details Total Cost Variable cost/unit total cost

unit produced 10000 12000

direct material 50000 500 60000

direct labour 44000 4.40 52800

variable utility 5000 0.50 6000

supervisor salary 24000 24000

total cost 123000 142800

so correct option is c) direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $24,000

Answer from: Quest

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Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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