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

60.1K

Verified Solution

Question

Accounting

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

  • The actual amount of the expense is $8,300.
  • The planned level of activity is 1,000 hours.
  • The spending variance is $200 unfavorable.
  • The cost formula is $9.00 per hour.

The activity variance must be:

rev: 06_25_2020_QC_CS-208650

Multiple Choice

  • $600 U.

  • $900 F.

  • $900 U.

  • $600 F.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students