Schoening Corporation Is a Shipping Container Refurbishment Company That Measures

question 34

Multiple Choice

Schoening Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for January. When the company prepared its planning budget at the beginning of January, it assumed that 40 containers would have been refurbished. However, 38 containers were actually refurbished during January.
The total expenses in the flexible budget for January would have been closest to:

• A) $160,500
• B) $160,200
• C) $163,800
• D) $168,947

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Definitions:

Tetrapods

A superclass of animals characterized by four limbs (or the descent from such), including amphibians, reptiles, birds, and mammals.

Extant Species

Refers to species that are currently living and have not gone extinct.

Eusthenopteron

An extinct genus of lobe-finned fish, considered an important precursor to early tetrapods and amphibians.

Acanthostega

An extinct amphibian from the late Devonian period, known as an early tetrapod linking fish to terrestrial vertebrates.