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 5,900 units, but its actual level of activity was 5,940 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:
Actual results for May:
The direct labor in the planning budget for May would be closest to:
Definitions:
White Knight
In a corporate context, a friendly company or individual that acquires a corporation at risk of a hostile takeover.
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