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Assume the following information for one of a companys variable expenses: The activity...

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Accounting

Assume the following information for one of a companys variable expenses:

  • The activity variance is $900 favorable.
  • The actual amount of the expense is $8,300.
  • The planned level of activity is 1,000 hours.
  • The actual level of activity is 900 hours.

The cost formula for this expense must be:

Multiple Choice

  • $9.30 per hour.

  • $10.00 per hour.

  • $9.00 per hour.

  • $8.30 per hour.

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