Business, 30.03.2021 14:10, jordanfwtm
Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 6,300 units, but its actual level of activity was 6,250 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May:
Data used in budgeting:
Fixed element per month Variable element per unit
Revenue - $ 33.80
Direct labor $ 0 $ 5.80
Direct materials 0 13.40
Manufacturing overhead 33,000 1.30
Selling and administrative expenses 25,100 0.50
Total expenses $ 58,100 $ 21.00
Actual results for May:
Revenue $ 212,300
Direct labor $ 35,730
Direct materials $ 85,600
Manufacturing overhead $ 41,500
Selling and administrative expenses $ 30,430
The activity variance for direct labor in May would be closest to
Answers: 2
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