The following information is given for one of a company's variable expenses: • The activity variance is $850 favorable. • The actual amount of the expense is $8,300. • The planned level of activity in the master budget is 1,000 hours. • The actual level of activity is 900 hours. The budget rate per hour for this expense must be:

The following information is given for one of a company's variable expenses: • The activity variance is $850 favorable. • The actual amount of the expense is $8,300. • The planned level of activity in the master budget is 1,000 hours. • The actual level of activity is 900 hours. The budget rate per hour for this expense must be:

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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