Sunn corporation manufactures and sells a single product. the company uses units as the measure of activity in its budgets and performance reports. during november, the company budgeted for 6,100 units, but its actual level of activity was 6,050 units. the company has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per unit revenue - $ 33.70 direct labor $ 0 $ 5.90 direct materials 0 10.90 manufacturing overhead 48,400 1.20 selling and administrative expenses 24,800 0.50 total expenses $ 73,200 $ 18.50 the manufacturing overhead in the flexible budget for november would be closest to: multiple choice $55,660 $56,433 $55,511 $55,720

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)