Brong Corporation is a shipping container refurbishment company that measures its output by the number...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Brong Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March.
| Fixed Element per Month | Variable Element per Container Refurbished | Actual Total for March | |
|---|---|---|---|
| Revenue | $ 5,900 | $ 108,300 | |
| Employee salaries and wages | $ 49,500 | $ 900 | $ 66,000 |
| Refurbishing materials | $ 500 | $ 9,500 | |
| Other expenses | $ 40,300 | $ 39,800 |
When the company prepared its planning budget at the beginning of March, it assumed that 22 containers would have been refurbished. However, 18 containers were actually refurbished during March.
The spending variance for total expenses for March would have been closest to:
$5,300 U
$300 F
$5,300 F
$300 U
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.