Prater Corporation Manufactures and Sells a Single Product

question 91

Multiple Choice

Prater Corporation manufactures and sells a single product.The company uses units as the measure of activity in its budgets and performance reports.During February, the company budgeted for 5, 400 units, but its actual level of activity was 5, 380 units.The company has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Actual results for February: The manufacturing overhead in the flexible budget for February would be closest to:

• A)$53, 934
• B)$54, 284
• C)$54, 320
• D)$53, 535

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Definitions:

Second Industrial Revolution

A period of rapid industrial growth and technological innovation during the late 19th and early 20th centuries, characterized by the expansion of steel, electric, and chemical industries.

American West

A region of the United States known for its frontier history, expansion, and the "Wild West" era, characterized by extensive exploration and settlement in the 19th century.

Social Reformers

Individuals or groups advocating for social changes to address injustices and inequalities within society, often promoting rights, education, and welfare improvements.

Gilded Age

A term used to describe the late 19th century in the United States, characterized by rapid industrialization, economic growth, and ostentatious wealth among the upper class.