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A planning budget for Clyde's Pies is as follows: Clyde's Pies Budgeting Income Statement For Year Ended 12/31/20 p = 4,250 pies h=5,000 hours $127,500

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A planning budget for Clyde's Pies is as follows: Clyde's Pies Budgeting Income Statement For Year Ended 12/31/20 p = 4,250 pies h=5,000 hours $127,500 Sales ($30p) Expenses Wages Expense ($12h) -60,000 -9,350 -1,000 Supplies ($2.20p) Utilities ($0.20h) Selling and Admin. ($300 + $5h) -25,300 Net Operating Income 31,850 During 2020, Clyde's Pies actually made 5,100 pies and worked 5,900 hours. What amount would be shown for Wages Expense on the Flexible Budget? A. $70,800 B. $61,200 C. $60,000 D. $55.000 A partial planning budget and actual results from Market Works Corp. are given below: Planning Actual u = 1,200 units u= 1,250 units h = 800 hours h = 820 hours Sales ($500) Wages ($12h) Supplies ($0.30u) Maintenance ($400 + $2h) $60,000 $9,600 $360 Sales Wages Supplies $64,000 $10,200 $350 $2,000 Maintenance $2,400 What is the spending variance for Supplies? A. $25 unfavorable B. $25 favorable C. $15 unfavorable D. $10 favorable A planning budget for Clyde's Pies is as follows: Clyde's Pies Budgeting Income Statement For Year Ended 12/31/20 p = 4,250 pies h=5,000 hours $127,500 -60,000 Sales ($30p) Expenses Wages Expense ($12h) Supplies ($2.20p) Utilities ($0.20h) Selling and Admin. ($300 + $5h) Net Operating Income -9,350 -1,000 -25,300 31,850 During 2020, Clyde's Pies actually made 5,100 pies and worked 5,900 hours. What amount would be shown for Supplies on the Flexible Budget? A. $12,980 B. $11,000 C. $11,220 D. $9,350

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