1. Progress, Not Perfection (PNP) has determined their costs are driven by the number of...
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Accounting
1. Progress, Not Perfection (PNP) has determined their costs are driven by the number of machine hours. Budgeted and actual amounts are provided below:
Budgeted machine hours 1,200 machine hours
Budgeted unit variable cost $1.20
Budgeted total fixed costs $14,000
Actual machine hours 1,800 machine hours
Actual unit variable cost $1.60
Actual total fixed costs $15,200
What are the total costs under a static budget?
A) $16,160
B) $15,440
C) $18,080
D) $16,640
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