Exercise 9-9 Planning Budget [LO9-1] Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Cost Machine-Hour per Month $ 5.50 Direct materials Direct labor $ 42,400 Supplies Utilities $0.20 $0.30 $ 1,400 $ 15,000 $ 11,400 Depreciation Insurance For example, utilities should be $1,400 per month plus $0.30 per machine-hour. The company expects to work 4,300 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Inc. Planning Budget for Manufacturing Costs For the Month Ended June 30 Direct materials Direct labor Supplies Utilities Depreciation Insurance Total manufacturing cost

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing t…