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Chapter 9 Review Guide 4/24/18 This is a suggested review guide. It is not intended to be all inclusive. You should also study the course material covered. Remember - anything in the book or covered in class is fair game! Chapter 9 . Know how to calculate a flexible budget for an item with multiple variables. Given variable and fixed costs for a certain activity level, be able to calculate costs at a different level. . Be able to calculate an activity and a spending variance Ohme Framing's cost formula for its supplies cost is $1,620 per month plus $13 per frame. For the month of April, the company planned for activity of 882 frames, but the actual level of activity was 878 frames. The actual supplies cost for the month was $13,500. The supplies cost in the flexible budget for April would be closest to: A. $13,500 B. $13,027 C. $13,034 D. $13,086 1. 2. Which of the following comparisons best isolates the impact of a change in activity on performance? A. Static planning budget and flexible budget B. Flexible budget and actual results C. Static planning budget and actual results D. Master budget and static planning budget 3. Cadavieco Detailing's cost formula for its materials and supplies is $1,990 per month plus $8 per vehicle. For the month of November, the company planned for activity of 92 vehicles, but the actual level of activity was 52 vehicles. The actual materials and supplies for the month was $2,440. The activity variance for materials and supplies in November would be closest to: A. $320 F B. $286 U C. $320 U D. $286 F