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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 $42 per course and $6 per student. The total cost included in the planning budget for this expense would be: Multiple Choice $1,010 O $910. $810 $710. Assume that the amount of one of a company's fixed expenses in its flexible budget is $46,000. The actual amount of the expense is $50,400 and the amount in the company's planning budget is $46,000. The spending variance for this expense is: Multiple Choice $8,800 U. O $4,400 F. $0. O $4,400 U. 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 $42,000 and the amount in the company's planning budget is $42,800. The activity variance for this expense is: Multiple Choice o $1,400 F. $1,400 U. $2,800 F. $2,800 U
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