Kelsey, Inc

question 116

Multiple Choice

Kelsey, Inc. produces plastic grocery bags. Kelsey has developed a static budget for the month of August, which is based on 8,000 direct labour hours. During the quarter, the actual activity was 9,000 direct labour hours. Data for August are summarized as follows:

-Refer to the Figure.What is the flexible budget for August?

• A)$142,000
• B)$159,000
• C)$165,000
• D)$171,000

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Definitions:

Remittances

Funds sent by individuals working abroad to people in their home country.

Emigrants

Emigrants are individuals who leave their country of origin to live permanently in another country, contributing to population and labor force changes.

Capital Flight

The rapid movement of large sums of money or capital out of a country due to economic or political instability.

World Bank

A global financial organization that offers loans and grants to less wealthy nations' governments to support infrastructure projects.