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MT655 Corporation conducts "Make a Ton of Money in Online Sports Gambling!" workshops and uses two measures o ity, number of classes and number of students, in the cost formulas in its reports. cost formula for the workshops is $500 per month plus $110 per class plus $30 per student. MT655 expected its activity in November to be 20 classes and 130 students, but the actual activity was 14 classes and 1 ents. (ID#81758) actual cost for the "Make a Ton of Money in Online Sports Gambling!" workshops in November was $5,950. What was BIJJMT655's spending variance for workshops in November? Multiple Choice $650 U $650 F $520 U

MT655 Corporation conducts "Make a Ton of Money in Online Sports Gambling!" workshops and uses two measures o ity, number of classes and number of students, in the cost formulas in its reports. cost formula for the workshops is $500 per month plus $110 per class plus $30 per student. MT655 expected its activity in November to be 20 classes and 130 students, but the actual activity was 14 classes and 1 ents. (ID#81758) actual cost for the "Make a Ton of Money in Online Sports Gambling!" workshops in November was $5,950. What was BIJJMT655's spending variance for workshops in November? Multiple Choice $650 U $650 F $520 U

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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BIJJMT655 Corporation conducts "Make a Ton of Money in Online Sports Gambling!" workshops and uses two measures o activity, number of classes and number of students, in the cost formulas in its reports. The cost formula for the workshops is $500 per month plus $110 per class plus $30 per student. BIJJMT655 expected its activity in November to be 20 classes and 130 students, but the actual activity was 14 classes and 12 students. (ID#81758) The actual cost for the "Make a Ton of Money in Online Sports Gambling!" workshops in November was $5,950. Q: What was BIJJMT655's spending variance for workshops in November? Multiple Choice $650 U $650 F $520 U
Transcribed Image Text:BIJJMT655 Corporation conducts "Make a Ton of Money in Online Sports Gambling!" workshops and uses two measures o activity, number of classes and number of students, in the cost formulas in its reports. The cost formula for the workshops is $500 per month plus $110 per class plus $30 per student. BIJJMT655 expected its activity in November to be 20 classes and 130 students, but the actual activity was 14 classes and 12 students. (ID#81758) The actual cost for the "Make a Ton of Money in Online Sports Gambling!" workshops in November was $5,950. Q: What was BIJJMT655's spending variance for workshops in November? Multiple Choice $650 U $650 F $520 U
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