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Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Flexible Planning Results Budget Budget Flights (91) 8
Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Flexible Planning Results Budget Budget Flights (91) 8 Students (92) 260 270 Expenses : Administrative expense ($125 + $250q1 + $30q2) $ $ What is the total administrative expense in the planning budget? Multiple Choice O $10,475 O $10,250 O $10,350 O $10,275Assume that a company's planned level of activity is 1,100 hours and its actual level of activity\"' is 1,000 hours. Based on this information, the company's activity\"r variances for its mixed expenses will: Multiple Choice 0 be favorable or unfavorable depending on each expense's cost behavior pattern. all be unfavorable. all be zero. all be favorable. GOO Assume that a company provided the following cost formulas for three of its expenses (where q refers to the number of hours worked): Rent (fixed) $3,000 Supplies (variable) $5.90q Utilities (mixed) $150 + $0.75q The company's planned level of activity was 2,000 hours and its actual level of activity was 1,850 hours. How much supplies expense would be included in the flexible budget? Multiple Choice O $11,800 O $11,215 O $12,685 O $10,915
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