Question
Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Results Flexible Budget Planning Budget Courses ( q
Assume that a company provided the following excerpts of information from its flexible budget performance report:
| Actual Results | Flexible Budget | Planning Budget | |
|---|---|---|---|
| Courses (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
$1,125 F
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
3rd Edition
0139488944, 978-0139488948
