COTB MC Qu. 9-41 (Algo) Assume that the amount of one...Assume that the amount of one of a company's fixed expenses in its flexible budget is $46,000. Theactual amount of the expense is $49,600 and the amount in the company's planning budget is $46,000.The spending variance for this expense is:Multiple Choice$0.$3,600 U.

Here, the fixed expense in the flexible budget is 46,000, and the planning budget also shows 46,000,…

Answered: COTB MC Qu. 9-41 (Algo) Assume that the…

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 the amount of one of a company's fixed expenses in its flexible budget is $46,000. The actual amount of the expense is $47,400 and the amount in the company's planning budget is $46,000. The spending variance for this expense is: Multiple Choice $0. $1,400 U. $1,400 F. $2,800 U.
Assume that a company's revenue in its flexible budget is $76,000. Its actual amount of revenue is $69,600 and the amount of revenue in the company's planning budget is $78,000. The amount of the revenue variance is: Multiple Choice $4.400 U. $6,400 F. $6.400 U. $8,400 U.
Assume that the amount of one of a company's variable expenses in its flexible budget is $40,000. The actual amount of the expense is $42,400 and the amount in the company's planning budget is $44,000. The spending variance for this expense is: Multiple Choice $4,800 U. $2,400 U. $2,400 F. $4,800 F.
Assume that the amount of one of a company's variable expenses in its flexible budget is $40,000. The actual amount of the expense is $42, 000 and the amount in the company's planning budget is $44, 800 The activity variance for this expense is: Multiple Choice $2,400 U. $2,400 F. $4, 800 F. $4,800 U.
Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Results Flexible Budget Planning Budget Flights (q) 52 ? ? Expenses: Wages and salaries ($4,000 + $88.00q) $ 8,450 ? $ 8,400 What is the spending variance for wages and salaries expense? Multiple Choice $176 U $126 F $176 F $126 U
Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Flexible Planning Results Budget Budget Flights (q) 52 ? ? Expenses: Wages and salaries ($4,000 + $88.00q) $ 8,510 ? $ 8,400 What is the spending variance for wages and salaries expense? $66 U $176 F $176 U $66 F
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A company provided the following information from its flexible budget performance report: Actual Flexible Master Results Budget Budget Trips (q) 52 Expenses: Maintenance expense ($4,000 + $88.00g) $8,495 ? $8,400 What is the spending variance for maintenance expense? Multiple Choice None of the answers is correct. $176 U $81 U $81 F
Help Save & Exit AA company provided the following information from its flexible budget performance report: Actual Results 52 Flexible Budget Master Budget Trips (q) 2. Expenses: Maintenance expense ($4,000 + $88.00g) $8,440 $8,400 What is the spending variance for maintenance expense? Multiple Choice $136 F $136 U $176 U Nex 11 of 23 < Prev
Assume that a company's budgeted revenue per unit is $50. The company's planned level of activity was 2,000 units and its actual level of activity was 2,200 units. Its actual revenue was $103,800. The company's revenue variance is: Multiple Choice $6,200 U. $6,200 F. $4,200 F. $4,200 U.
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Assume that a company provided the following excerpts of Information from its flexible budget performance report Actual Results Courses (91) students (92) Expenses: Administrative expense ($125+ $25091 + $3092) What is the administrative expense activity variance? Multiple Choice O O $550 P $225 F $1.575 P 51125 M 8 260 $ 8,900 Flexible Planning Budget Budget 2 9 > ? 270 $?

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