A company reported the following data for the most recent month: Fixed Cost per Variable Cost per month unit $1.65 Budgeted costs: Budgeted number of units produced: 3,300 units Actual total costs: $11,380 Actual number of units produced: 3,200units Spending Variance: $650 Unfavorable

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A company reported the following data for the most recent month:
Fixed Cost per Variable Cost per
month
unit
Budgeted costs:
Budgeted number of units produced: 3,300 units
Actual total costs: $11,380
Actual number of units produced: 3,200units
Spending Variance: $650 Unfavorable
$1.65
Q. Given the reported variance, the company's budgeted fixed cost per month would be closest to:
Answer (Click to select)
$5,450
$5,265
$0.750
None of the answers are correct.
$6,585
Transcribed Image Text:A company reported the following data for the most recent month: Fixed Cost per Variable Cost per month unit Budgeted costs: Budgeted number of units produced: 3,300 units Actual total costs: $11,380 Actual number of units produced: 3,200units Spending Variance: $650 Unfavorable $1.65 Q. Given the reported variance, the company's budgeted fixed cost per month would be closest to: Answer (Click to select) $5,450 $5,265 $0.750 None of the answers are correct. $6,585
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