15.)

Sissac Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $450 per month plus $105 per job plus $25 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in May to be 15 jobs and 125 meals, but the actual activity was 9 jobs and 132 meals. The actual cost for catering supplies in May was $4,450. The spending variance for catering supplies in May would be closest to:

$245 F

$700 U

$245 U

$700 F