Asked by
Kendyl Tillie
on Nov 19, 2024Verified
Thilking Midwifery's cost formula for its wages and salaries is $2,140 per month plus $454 per birth. For the month of August, the company planned for activity of 102 births, but the actual level of activity was 100 births. The actual wages and salaries for the month was $47,660. The wages and salaries in the flexible budget for August would be closest to:
A) $47,540
B) $48,448
C) $47,498
D) $47,660
Cost Formula
An equation used to predict costs at different levels of activity, incorporating fixed and variable cost components.
Wages and Salaries
The compensation paid to employees for their labor, including hourly wages and annual salaries.
- Work out expected costs using assorted cost formulas and measures of activities.
Verified Answer
JC
Learning Objectives
- Work out expected costs using assorted cost formulas and measures of activities.
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