The Technical Services Department of Michigan State University Leased a Photocopy

question 104

Multiple Choice

The Technical Services Department of Michigan State University leased a photocopy machine for $1,500 per month plus $0.04 per copy.Additional budgeted variable operating costs were $0.02 per copy.The Technical Services Department estimated the machine would produce 30,000 copies per month.The Accounting Department estimated is would make 6,000 copies per month but actually made 5,000 copies.Assume fixed and variable cost pools are allocated separately.What is the amount of variable cost allocated to the Accounting Department for the month?

• A)$200
• B)$240
• C)$300
• D)$360

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Definitions:

Progressive Party

Political party created when former president Theodore Roosevelt broke away from the Republican Party to run for president again in 1912; the party supported progressive reforms similar to those of the Democrats but stopped short of seeking to eliminate trusts. Also the name of the party backing Robert La Follette for president in 1924.

Social Welfare Programs

Governmental initiatives designed to provide financial assistance and services to people in need, including the elderly, unemployed, disabled, and poor.

Civil Rights Proposals

Suggestions or measures put forward to protect individuals' freedoms and rights guaranteed by law, often focusing on ending discrimination and ensuring equal access to opportunities.

Korean War

A conflict between North Korea, with the support of China and the Soviet Union, and South Korea, supported by the United Nations, primarily the United States, from 1950 to 1953, which ended in an armistice.