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Assume that a company provided the Rent (fixed) Supplies (variable) Utilities (mixed) $ 3,000 $ 4.00g $150+ $0.75g The company's planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. The actual amount of supplies expens the period was $7,825. What is the spending variance for supplies expense?

Assume that a company provided the Rent (fixed) Supplies (variable) Utilities (mixed) $ 3,000 $ 4.00g $150+ $0.75g The company's planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. The actual amount of supplies expens the period was $7,825. What is the spending variance for supplies expense?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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) Supplies (variable) Utilities (mixed) A The company's planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. The actual amount of supplies expense for the period was $7,825. What is the spending variance for supplies expense? t ption N Multiple Choice O $225 F 2 O O O W S $450 U $450 F $225 U #3 X H command E D $ 4 C R $ 4.00g $150 + $0.75g $ 3,000 % 07 dº G Search or type URL V < Prev DudEs T G 14 of 40 MacBook Pro 6 B Y & 7 BEE H C N Next > danie zodb37 00 8 ור J 1 M 9 K A L P command I { L option ?
Transcribed Image Text: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) Supplies (variable) Utilities (mixed) A The company's planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. The actual amount of supplies expense for the period was $7,825. What is the spending variance for supplies expense? t ption N Multiple Choice O $225 F 2 O O O W S $450 U $450 F $225 U #3 X H command E D $ 4 C R $ 4.00g $150 + $0.75g $ 3,000 % 07 dº G Search or type URL V < Prev DudEs T G 14 of 40 MacBook Pro 6 B Y & 7 BEE H C N Next > danie zodb37 00 8 ור J 1 M 9 K A L P command I { L option ?
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