Armati, Inc., is looking for feedback on company performance. The company compares the budget for the year with the actual costs. Data have been collected below: Armati, Inc., had the following budgeted data:
The following actually occurred:
The total actual costs for 2004 were

A) £13,550.
B) £10,650.
C) £13,600.
D) £13,510.

Question

Armati, Inc., is looking for feedback on company performance. The company compares the budget for the year with the actual costs. Data have been collected below: Armati, Inc., had the following budgeted data:
The following actually occurred:
 The total actual costs for 2004 were

A) £13,550. 
B) £10,650. 
C) £13,600. 
D) £13,510.

Quizplus · Accepted Answer

Based on the data provided, the actual costs for the year were £12,100 for direct materials, £2,000 for direct labor, and £500 for indirect costs, which adds up to a total of £13,600. Therefore, the best choice is C.