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QUESTION 14 Flexible Budget Activity Planning Variance Budget Gray, Inc. Flexible Budget Performance Report Revenue & Actual Results Spending Variance Client-visits 102 Revenue ($2004) 19,500 Expenses: Wages (550) Utilities ($3.759) 417 Miscellaneous ($500 + $2.50) $ 745.00 85 17,000 $ 4,750 $ 4,250 $ 318.75 $ 712.50 What is the spending variance for utilities (y)? a. $98.25 U Ob.$63.75 U c. $34.50 F d.50 e $34.50 u