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Mouton Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 7,300 units, but its actual level of activity was 7,350 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for July:
Data used in budgeting: Actual results for July:
-The direct labor in the planning budget for July would be closest to:
Product
A product is any good, service, or idea that can be offered to the market to satisfy a need or want, ranging from tangible items to intangible services.
Brand
The name, term, design, symbol, or any other feature that identifies one seller’s goods or service as distinct from those of other sellers.
American Marketing Association
A professional association for individuals and organizations involved in the practice, teaching, and study of marketing worldwide.
Sellers' Goods
Products or commodities that are put on the market for sale by individuals or businesses.
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