36 9 Smith LLC is an ollfield service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates used for budgeting purposes. Variable Fixed Element per Variable Element Element Per Month per Well Serviced Number of Servicing Days Revenue $1,000 $140 Employee salaries and $56,400 $900 wages Servicing materials $200 $20 Other expenses $15,400 $800 When the company prepared its planning budget at the beginning of December, It assumed that 34 wells would have been serviced over 25 days. However 32 wells were actually serviced during the period over 30 days. The actual employee salaries and wages were $86,000. What is the spending variance for employee salaries and wages? 2 in $1,200 F $1,000 F $800 U $800 F the following fixed and variable cost estimates used for budgeting purposes. Variable Fixed Element per Variable Element Element per Month per Well Serviced Number of Servicing Days Revenue $1,000 $140 Employee salaries and $56,400 $900 wages Servicing materials $200 $20 Other expenses $15,400 $800 When the company prepared its planning budget at the beginning of December, it assumed that 34 wells would have been serviced over 25 days. However 32 wells were actually serviced during the period over 30 days. Actual results were servicing material costs of $ 6,800. What is the spending variance for "servicing materials"? 200 U 300 F 500 F 200 F 16 Smith Well Servicing Company had its accountant gather the following information at the end of the period. What is the Total Variance for "Employee wages & salaries"? 89 Actual Results 2 Revenue Employee salaries and wages Servicing materials Other expenses Net Operating Income Planned $153,000 $87,000 $23,800 $35,400 $6,800 Flexible $144,000 $85,200 $22,400 $35,400 $1,000 $ 155,000 $86,000 $23,000 $30,000 $16,000 45 $1800 U 48 O$1000 U $1000 F $1800 F Smith Well Servicing Company had its accountant gather the following information at the end of the period. What is the Revenue Variance for "Revenue"? Revenue Employee salaries and wages Servicing materials Other expenses Net Operating Income Planned $153,000 $87,000 $23,800 $35,400 $6,800 Flexible $144,000 $85,200 $22.400 $35,400 $1,000 Actual Results $155,000 $86,000 $23,000 $30,000 $16,000 $9,000 U $9,000 F $11,000 U $11,000 F