Stegemann Corporation is a shipping container refurbishment…

Stegemann Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for May.     Fixed Element per Month Variable Element per Container Refurbished Actual Total for May Revenue   $5,300 $156,400 Employee salaries and wages $42,900 $1,300 $82,300 Refurbishing materials   $500 $15,100 Other expenses $42,900   $41,900 When the company prepared its planning budget at the beginning of May, it assumed that 27 containers would have been refurbished. However, 29 containers were actually refurbished during May.   The spending variance for “Employee salaries and wages” for May would have been closest to (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):

Acti Manufacturing Corporation is estimating the following r…

Acti Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year:   September $830,000 October $940,000 November $860,000 December $780,000 At Acti, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase. In Acti’s budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown? PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR.

Mandalay Hotel bases its budgets on guest-days. The hotel’s…

Mandalay Hotel bases its budgets on guest-days. The hotel’s static budget for August appears below: Budgeted number of guest-days   4,300 Budgeted variable costs:            Supplies (@$9.60 per guest-day)   $41,280        Laundry (@$9.40 per guest-day)   $40,420 Total variable cost   $81,700 Budgeted fixed costs:            Wages and salaries   $57,190        Occupancy costs   $52,030 Total fixed cost   $109,220 Total cost   $190,920 The total fixed cost at the activity level of 5,500 guest-days per month should be (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):