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 materials in the flexible budget for May would be closest to:
Definitions:
Substantial
Of considerable importance, size, or worth; something that is significant or with a solid basis.
Market Segment
A subgroup of a larger market, defined by distinct characteristics, needs, or behaviors, that is targeted with specific marketing efforts.
Accessible
The quality of being easy to approach, reach, enter, or use for people with disabilities or others.
Market Segments
Distinct groups of potential customers with similar needs, desires, and characteristics that a company targets with tailored marketing strategies.
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