QUESTION 1: Jill Co manufactures a single product and has drawn up the following flexed budget for the year. Level of ac

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QUESTION 1:
Jill Co manufactures a single product and has drawn up the
following flexed budget for the year.
Level of activity
60%
70%
80%
Cost items
$
$
$
Direct materials
120,000
140,000
160,000
Direct labour
90,000
105,000
120,000
Production OH
54,000
58,000
62,000
Other OH
40,000
40,000
40,000
Total cost
304,000
343,000
382,000
What would be the total cost in a budget that is flexed
at the 75% level of activity? (Show your working)