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Assume that a company has two cost driversnumber of courses and number of students. The planned number of courses and students were 5 and 100,
Assume that a company has two cost driversnumber of courses and number of students. The planned number of courses and students were 5 and 100, respectively. The actual number of courses and students were 6 and 110, respectively. One of the companys expenses is influenced by both cost drivers and it has a fixed element as well. Its cost formulas are $50 per course, $5 per student, and $1,000 per period. The total actual amount of this expense is $1,880. The spending variance for this expense would be
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