Figure 11-2

question 156

Multiple Choice

Figure 11-2. Lawson,Inc.produces plastic grocery bags.Lawson has developed a static budget for the month of July based on 8,000 direct labor hours.During the quarter,the actual activity was 9,000 direct labor hours.Data for July are summarized as follows:
Refer to Figure 11-2.What is the flexible budget for July?

• A)$142,000
• B)$159,000
• C)$171,000
• D)$165,000
• E)none of these

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Definitions:

Rational Consideration

The idea that decisions in contracts are made based on sound judgment and with a reasonable expectation of benefit or reward.

Driving Under Influence (DUI)

The criminal offense of operating a vehicle after consuming alcohol or other intoxicants, beyond legal limits.

Civil Laws

are the body of laws in a nation or state regulating disputes between individuals or private parties, including issues like contracts, property, and family law.

Criminal Laws

Laws that pertain to crimes and punishment, defining offenses against the state or public and setting penalties.