Solve this example and accounting Photo Framing's cost formula for its suppliescost is $1,190 per month plus $19 per frame.For the month of November, the companyplanned for activity of 617 frames, but theactual level of activity was 609 frames. Theactual supplies cost for the month was$12,500.The variance for supplies cost in Novemberwould be

Step 1: Definition of Cost VarianceCost variance measures the difference between the expected…

Answered: Photo Framing's cost formula for its…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450 hours per the standard cost card. Their employees were paid $15.75 per hour for the month of June. The standard cost card uses $15.50 as the standard hourly rate. A. Compute the direct labor rate and time variances for the month of June, and also calculate the total direct labor variance. B. If the standard rate per hour was $16.00, what would change?
Photo Framing's cost formula for its supplies cost is $1,975 per month plus $24 per frame. For the month of November, the company planned for activity of 642 frames, but the actual level of activity was 623 frames. The actual supplies cost for the month was $17,250. The variance for supplies cost in November would be _.
Pittman Framing's cost formula for its supplies cost is $1,040 per month plus $14 per frame. For the month of November, the company planned for activity of 614 frames, but the actual level of activity was 604 frames. The actual supplies cost for the month was $9,200. The spending variance for supplies cost in November would be closest to:
Petrus Framing's cost formula for its supplies cost is $1,790 per month plus $10 per frame. For the month of March, the company planned for activity of 619 frames, but the actual level of activity was 624 frames. The actual supplies cost for the month was $8,500. The activity variance for supplies cost in March would be closest to:
Pittman Framing's cost formula for its supplies cost is $1,040 per month plus $14 per frame. For the month of November, the company planned for activity of 614 frames, but the actual level of activity was 604 frames. The actual supplies cost for the month was $9,200. The spending variance for supplies cost in November would be closest to: Multiple Choice О $296 F о О $296 U $436 F $436 U
Petrus Framing's cost formula for its supplies cost is $2,300 per month plus $6 per frame. For the month of March, the company planned for activity of 861 frames, but the actual level of activity was 856 frames. The actual supplies cost for the month was $7,790. Required: The activity variance for supplies cost in March would be closest to: O A. $30U O B. $324F O C. $30F O D. $324U
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Petrus Framing's cost formula for its supplies cost is $2,300 per month plus $6 per frame. For the month of March, the company planned for activity of 861 frames, but the actual level of activity was 856 frames. The actual supplies cost for the month was $7,790. The activity variance for supplies cost in March would be closest to: rev: 06_29_2020_QC_CS-208650 Multiple Choice о O O O $324 U $30 F $324 F $30 U
Pittman Framing's cost formula for its supplies cost is $1,220 per month plus $11 per frame. For the month of November, the company planned for activity of 620 frames, but the actual level of activity was 612 frames. The actual supplies cost for the month was $7,650. The spending variance for supplies cost in November would be closest to: Multiple Cholce $390 F $390 U $302 U $302 F
Courington Detailing's cost formula for its materials and supplies is $2,010 per month plus $6 per vehicle. For the month of August, the company planned for activity of 96 vehicles, but the actual level of activity was 56 vehicles. The actual materials and supplies for the month was $2,420. The spending variance for materials and supplies in August would be closest to:
What is the variance for materials cost in October on these general accounting question?
Bade Midwifery's cost formula for its wages and salaries is $1,230 per month plus $240 per birth. For the month of October, the company planned for activity of 105 births, but the actual level of activity was 101 births. The actual wages and salaries for the month was $26,470. The activity variance for wages and salaries in October would be closest to:

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