Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

7. Johannsen C plus $103 per job plus $23 per meal. A typical job The ompny exp reports. The cos tvit, Jobs and meals, in

image text in transcribed
7. Johannsen C plus $103 per job plus $23 per meal. A typical job The ompny exp reports. The cos tvit, Jobs and meals, in the cost formulas in its formula for catering supplies is $310 per month guests at a corporate function or at a host's home. February to be 28 jobs and 187 meals, but the actual The actual cost for flexible A. $7,495 B. $7.404 involves serving a number of meals to and 192 meals. The company expected its activity in le budget for February would be closest to: catering supplies in February was $7,620. The catering supplies in the C. $7,620 D. $6,960 8. Naval Catering uses measures budeets two measures of activity, jobs and meals, in the cost formulas in its mance reports. The cost formula for catering supplies is $430 per month b plus $10 per meal. A typical job involves serving a number of meals to 12 jobs and 126 meals, but the actual activity was 9 jobs and 124 meals. The plus $99 per jo a corporate function or at a host's home. The company expected its activity in actual cost for catering supplies in March was $2,550. The catering suppies budget for March would be closest to: A. $3,400 B, $2,561 C. $2.550 D. $2,878 9. Dunklin Medical Clinic measures its activity in terms of patient-visits. Last m budgeted level of activity was 1,620 patient-visits and the actual level of activity was 1,540 patient-visits. The cost formula for administrative expenses is $3.20 per patient-visit plus $14,300 per month. The actua budget performance report for last month, the spending variance for administrative l administrative expense was $21,050. In the clinic's flexible expenses was: A.$118F B. $256 F C. $1,566 U D. $1,822 U 10. Brattain Tile Installation Corporation measures its activity in terms of square feet of tile installed. Last month, the budgeted level of activity was 1,230 square feet and the actual level of activity was 1,140 square feet. The company's owner budgets for supply costs, a variable cost, at $2.10 per square foot. The actual supply cost last month was $3,260. In the company's flexible budget performance report for last month, what would have been the spending variance for supply costs? A. $257 F B. S866 U $677 $189 F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social Media Audits Achieving Deep Impact Without Sacrificing The Bottom Line

Authors: Urs E Gattiker

1st Edition

1843347458, 978-1843347453

More Books

Students also viewed these Accounting questions

Question

Are there any questions that you want to ask?

Answered: 1 week ago