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Benjamin 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.
When the company prepared its planning budget at the beginning of March, it assumed that 26 containers would have been refurbished. However, 23 containers were actually refurbished during March.
-The amount shown for "Employee salaries and wages" in the planning budget for March would have been closest to:
Object of Judgement
The entity or individual that is being evaluated or assessed in a particular situation.
Autokinetic Experiment
A psychological experiment where a stationary point of light in a dark room appears to move because of small eye movements, illustrating the effect of suggestion or social influence on beliefs.
Frame of Reference
A system of values or beliefs against which judgments are made or a context through which a situation can be viewed.
Polarised
A situation or condition that causes division, leading to two distinctly opposed groups or perspectives.
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