Loggin M t formula for its wages and salaries is $2,380 per month plus $231 per

Question

Loggin M t formula for its wages and salaries is $2,380 per month plus $231 per s as 102 births. Tmay planned for activity of 100 births, but the actual level variance for wages and salaries A. $30 F B. $432 U C. $30 U D. $432 F he actual wages and salaries for the month was $25,510. The spending in April would be closest to: Last month, the budgeted level of activity was 1,230 square feet and the actual level of activity was 1,200 square feet. The company's owner budgets for supply costs, a variable cost, at $2.70 per square foot. The actual supply cost last month was $2,690. In the company's flexible budget performance report for last month, what would have been the spending variance for supply costs? A. $67 F B. $550 F C. $631 F D. $81 F 30. Marina Tile Installation Corporation measures its activity in terms of square feet of tile installed

Explanation / Answer

Answer to Question 29.

Spending Variance is the difference between actual result and budgeted results.
Actual Wages and Salaries = $25,510
Budgeted Wages and Salaries = $2,380 + ($231 * 102)
Budgeted Wages and Salaries = $2,380 + $23,562
Budgeted Wages and Salaries = $25,942

Spending Variance = $25,510 - $25,942
Spending Variance = $432 (Favourable)

As, the actual results are less than the Expected Salaries and Wages, therefore Spending Variance is Favourable.

Answer to Question 30.

Spending Variance is the difference between actual result and budgeted results.
Actual Supply Cost = $2,690
Budgeted Supply Cost = $2.70 * $ 1,200
Budgeted Supply Cost = $3,240

Spending Variance = $2,690 - $3,240
Spending Variance = $550 (Favourable)

As, the actual Supply Cost are less than the Expected Supply Cost, therefore Spending Variance is Favourable.

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