Stegemann Corporation Is a Shipping Container Refurbishment Company That Measures

question 375

Multiple Choice

Stegemann 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 May. When the company prepared its planning budget at the beginning of May, it assumed that 27 containers would have been refurbished. However, 29 containers were actually refurbished during May.
The revenue in the company's flexible budget for May would have been closest to:

• A) $145,614
• B) $153,700
• C) $143,100
• D) $156,400

---

Definitions:

Situational Determinants

Situational determinants are external factors that influence an individual's behavior, varying depending on the context or environment.

Social Bonds

Connections among individuals in a society that foster trust, cooperation, and collective action.

Associate

To connect or link in one's mind; to relate one idea or concept with another.

Drive Theories

A group of theories in psychology that suggest humans are motivated by biological drives to achieve certain needs such as hunger or thirst.