ing Midwiferys cost formula for its wages and salaries is $2. 140 per month plus
ID: 2572585 • Letter: I
Question
ing Midwiferys cost formula for its wages and salaries is $2. 140 per month plus $454 per birth. For pany planned for activity of 102 births, but the actual level of activity was 100 the month of August, the com The actual wages and salaries for the month was $47.660. The wages and salaries in the fexible budget for August would be closest to: A) $47,540 B) $48,448 C) $47,498 D) $47,660 11. Cardero Midwifery's cost formula for its wages and salaries is $2,280 per month plus $348 per birth. For the month of August, the company planned for activity of 118 births, but the actual level of activity was 116 births. The actual wages and salaries for the month was $44,120. The wages and budget for August would be closest to: A) $44,881 B) $44,120 C) $43,344 D) $42,648 salaries in the planning 12. 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 A) $324 U B) $30 F C) $324 F D) $30 U 13. Taussig Snow Removal's cost formula for its vehicle operating cost is $1,880 per month plus $394 per snow-day. For the month of February, the company planned for activity of 13 snow-days, but the actual level of activity was 14 snow-days. The actual vehicle operating cost for the month was $7,250. The activity variance for vehicle operating cost in February would be closest to: A) $394 F B) $248 U C) $394 U D) $248 FExplanation / Answer
10. Wages and salaries in the flexible budget= Budgeted cost at actual activity= Fixed cost +Variable cost per activity*actual acivity= 2140+ 454*100= 47540
Option A is correct
11. Wages and salaries in the planning budget= Budgeted cost at planned activity= Fixed cost +Variable cost per activity*planned acivity= 2280+ 348*118= 43344
OptionC is correct
12. Activity variance= Standard variable rate*(Actual activity -Planned activity) = 6*(856-861) = -30= 30U
Option D is correct
13.
Activity variance= Standard variable rate*(Actual activity -Planned activity) = 394*(14-13) = 394= 394F
OptionA is correct
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