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Privitera Printing uses two measures of activity, press runs and book set-ups, in the cost formulas in its budgets and performance reports. The cost formula for wages and salaries is $7,220 per month plus $650 per press run plus $1,110 per book set-up. The company expected its activity in January to be 188 press runs and 117 book set-ups, but the actual activity was 191 press runs and 114 book set-ups. The actual cost for wages and salaries in January was $269,270.
-The wages and salaries in the planning budget for January would be closest to:
Kilometres
A unit of length in the metric system equal to 1,000 meters, commonly used to measure distances between places.
Harmonized Sales Tax
A combined tax that includes both federal and provincial sales taxes, applied to the purchase of goods and services.
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Implied Value
The estimated value of an asset or company after considering factors not directly stated but suggested by available information.
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