Dermody Snow Removal's cost formula for its vehicle operating cost is $3,080 per month plus $338 per snow-day. For the month of December, the company planned for activity of 20 snow-days, but the actual level of activity was 22 snow-days. The actual vehicle operating cost for the month was $10,130. The spending variance for vehicle operating cost in December would be closest to: Multiple Cholce $290 U $290 F $386 F

Dermody Snow Removal's cost formula for its vehicle operating cost is $3,080 per month plus $338 per snow-day. For the month of December, the company planned for activity of 20 snow-days, but the actual level of activity was 22 snow-days. The actual vehicle operating cost for the month was $10,130. The spending variance for vehicle operating cost in December would be closest to: Multiple Cholce $290 U $290 F $386 F

Name: Dermody Snow Removal's cost formula for its vehicle operating cost is
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Dermody Snow Removal's cost formula for its vehicle operating cost is $3,080 per month plus $338 per snow-day. For the month of December, the companyplanned for activity of 20 snow-days, but the actual level of activity was 22 snow-days. The actual

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Canniff Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $57,210 per month plus $2,644 per flight plus $5 per passenger. The company expected its activity in February to be 72 flights and 280 passengers, but the actual activity was 71 flights and 281 passengers. The actual cost for plane operating costs in February was $245,290. The plane operating costs in the planning budget for February would be closest to: Multiple Cholce $248,978 $247.934 $246,339 $245.290 1:53 PM nere to search W 74°F Mostly sunny 10/20/2021 DELL
Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost January $26,800 February 38,500 March 28,200 April 30,800 a. $23,329 Ob. $10,978 Oc. $43,914 Od. $13,723 Machine Hours 9,500 18,000 11,700 15,400 ?
The data below relates to SunRise for January and February of the current year. January February Maintenance hours 4,000 5,000 Maintenance cost $70,000 $80,000 January and February were the lowest and highest activity levels respectively and SunRise uses the high-low method to analyze cost behaviour. Which of the following statement is true? Multiple Choice The fixed maintenance cost is $40,000 per month The variable maintenance costs is $12 per hour The variable maintenance cost is $18 per hour The fixed maintenance cost is $30,000 per month The variable maintenance cost is $16 per hour
Please solve both a and b questions
Standahl Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $39,590 per month plus $2,649 per flight plus $4 per passenger. The company expected its activity in August to be 82 flights and 294 passengers, but the actual activity was 85 flights and 297 passengers. The actual cost for plane operating costs in August was $255,690. The plane operating costs in the flexible budget for August would be closest to: Multiple Choice $265,943 $255,690 $267,422 $257,984
Schoening 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 January. Revenue Employee salaries and wages Refurbishing materials Other expenses Fixed Element per Month $ 50,600 $41,200 Variable Element per Actual Total for Container January Refurbished $4,100 $ 1.100 $ 700 $ 158,600 $92,700 $ 27,000 $ 40,800 When the company prepared its planning budget at the beginning of January, it assumed that 40 containers would have been refurbished. However, 38 containers were actually refurbished during January. The activity variance for "Refurbishing materials" for January would have been closest to: $1,000 F $1,400 F $1,000 U $1,400 U
Ashvin
The Russell Company provides the following standard cost data per unit of product: Direct material (2 gallons @ $4 per gallon) Direct labor (1 hours @ $13 per hour) During the period, the company produced and sold 23,000 units, incurring the following costs: Direct material Direct labor $ 8.00 $13.00 50,000 gallons @ $3.90 per gallon 23,500 hours @ $12.75 per hour The direct material usage variance was:
Chulak Company uses a standard costing system. The following data are available for the month: Actual quantity of direct materials purchased 25,000 pounds Standard price of direct materials $2 per pound Material price variance $2,500 unfavorable The actual price per pound of direct materials purchased during the month is
do not give solution in image format
Frosty Snow Removal's cost formula for its vehicle operating cost is $1,900 per month plus $395 per snow-day. For the month of January, the company planned for activity of 14 snow-days, but the actual level of activity was 15 snow-days. The actual vehicle operating cost for the month was $7,550. The activity variance for vehicle operating cost in January would be closest to: O $395 F O $249 U O $395 U O $249 F
rr