D. $1,200 E. $2,800 3. Verona Tech is a vocation school. The school bases its bu

Question

D. $1,200 E. $2,800 3. Verona Tech is a vocation school. The school bases its budgets on two measures of activity: number of students and number of courses. The data in its budgetin Variable cost per Variable cost per Fixed cost per month S4.000 $1.000 $2.000 S0 $10 Administrative ex S30 In July, the school budgeted for 300 students and 15 courses. Actual results for the month appear below: Number of Students 280 Number of Courses $4.200 $4,800 wages Course supplies Administrative expenses $8,300 What is the spending variance for course supplies (choose the closest answer)? A. $100 U B. S50 U C. $100 F D. $50 P E $350 F

Explanation / Answer

Course supplies in flexible budget = 1000+(280*10)+(21*50)= 4850 Spending variance = 4850-4800 = $50 F Option D is correct

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