Multiple Choice
Steve Company uses the following flexible budget formula for monthly repair cost: total cost = $700 + $0.40 per machine hour. The annual operating budget calls for 35,000 hours of planned machine time. Budgeted repair cost is:
A) $14,000
B) $14,700
C) $22,400
D) $22,000
Correct Answer:
Verified
Correct Answer:
Verified
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