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Assume that a company has two cost drivers-number of courses and number of students. The planned number of courses and students were 5 and 100,
Assume that a company has two cost drivers-number 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 company's expenses is influenced by both cost drivers. Its cost formulas are $43 per course and $7 per student. The total cost included in the flexible budget for this expense would be: Multiple Choice $870. $928. $1,028. $1,128 Assume that the amount of one of a company's variable expenses in its flexible budget is $40,000. The actual amount of the expense is $43,600 and the amount in the company's planning budget is $44,000. The spending variance for this expense is: Multiple Choice $3,600 U. $3,600 F. $7,200 F. $7,200 U
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