Steve Company Uses the Following Flexible Budget Formula for Monthly

question 81

Multiple Choice

Steve Company uses the following flexible budget formula for monthly repair cost: total cost = $700 + $0.40 per machine hour. The annual operating budget calls for 35,000 hours of planned machine time. Budgeted repair cost is:

• A) $14,000
• B) $14,700
• C) $22,400
• D) $22,000

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