Question
Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Results Flexible Budget Planning Budget Flights ( q
Assume that a company provided the following excerpts of information from its flexible budget performance report:
| Actual Results | Flexible Budget | Planning Budget | |
|---|---|---|---|
| Flights (q1) | 8 | ? | 9 |
| Students (q2) | 260 | ? | 270 |
| Expenses: | |||
| Administrative expense ($125 + $250q1 + $30q2) | $ 8,900 | ? | $ ? |
What is the administrative expense activity variance?
Multiple Choice
-
$550 F
-
$225 F
-
$1,575 F Incorrect
-
$1,125 F Incorrect
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Materiality In Financial Reporting An Integrative Perspective
Authors: Francesco Bellandi
1st Edition
178743737X, 9781787437371
