Letts Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During January, the company budgeted for 7,000 units, but its actual level of activity was 6,970 units. The company has provided the following data concerning the formulas to be used in its budgeting: The selling and administrative expenses in the planning budget for January would be closest to:
A)$29,200
B)$29,884
C)$29,194
D)$30,013

Question

Letts Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During January, the company budgeted for 7,000 units, but its actual level of activity was 6,970 units. The company has provided the following data concerning the formulas to be used in its budgeting:  The selling and administrative expenses in the planning budget for January would be closest to:
A)$29,200 
B)$29,884 
C)$29,194 
D)$30,013

Quizplus · Accepted Answer

The Answer of Letts Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During January, the company budgeted for 7,000 units, but its actual level of activity was 6,970 units. The company has provided the following data concerning the formulas to be used in its budgeting:  The selling and administrative expenses in the planning budget for January would be closest to:
A)$29,200 
B)$29,884 
C)$29,194 
D)$30,013

Letts Corporation Manufactures and Sells a Single Product