Business, 15.04.2021 16:20, arturo200

Hallet 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 5,800 units, but its actual level of activity was 5,830 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 - $ 32.30 Direct labor $ 0 $ 3.40 Direct materials 0 10.40 Manufacturing overhead 46,700 1.10 Selling and administrative expenses 26,200 0.80 Total expenses $ 72,900 $ 15.70 Actual results for May: Revenue $ 191,229 Direct labor $ 19,872 Direct materials $ 60,622 Manufacturing overhead $ 50,523 Selling and administrative expenses $ 30,654 The net operating income in the planning budget for May would be closest to: (Round your intermediate calculations to 2 decimal places.)

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Hallet Corporation manufactures and sells a single product. The company uses units as the measure of...