Assume that a company provided the following cost formulas for three of its expenses (where...
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Accounting
Assume that a company provided the following cost formulas for three of its expenses (where q refers to the number of hours worked): Rent (fixed) $3,000 Supplies (variable) $4.00q Utilities (mixed) $150 + $0.75q The companys planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. The actual amount of utilities expense for the period was $1700. What is the spending variance for utilitiese expence
Multiple Choice
$50 F
$125 U
$50 U
$125 F
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