Herrod Catering uses two measures f activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $450 per month plus $105 per job plus $25 per meal. A ty job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in December to be 15 jobs and 125 meals, but the actual activity was 9 jobs and 108 meals. The actual cost for catering supplies in December was $4,450. The spending variance for catering supplies December would be closest to: Multiple Choice O O O $700 U $700 F $355 U $355 F

Herrod Catering uses two measures f activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $450 per month plus $105 per job plus $25 per meal. A ty job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in December to be 15 jobs and 125 meals, but the actual activity was 9 jobs and 108 meals. The actual cost for catering supplies in December was $4,450. The spending variance for catering supplies December would be closest to: Multiple Choice O O O $700 U $700 F $355 U $355 F

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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