Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Just need the answer. Gayner Corporation is an oil wel service company hat mescures its ourout by the number of wells serviced. The company has

image text in transcribedJust need the answer.
Gayner Corporation is an oil wel service company hat mescures its ourout by the number of wells serviced. The company has prowided the folowing Swed and varable cost etmates that t uses for budgeting purposes and he actual results of operations for November variable Pixed Actual Elenent Element per Wel1 Total for per Honth Serv Revrenue $4,300 $148,40 ployee salaries and wages Servicing naterials Other expenses $48,900 $1,000 $ 84,000 600 20,200 29,600 30,300 When the company prepared its planning budget at the beginning of November, it assumed that 30 weils would have been serviced However, 34 wells were actualy serviced during November The spending vaniance for "Servicing materiais" for November weuld heve been closest to Muhipie Choice $2200 u $200 U 2 200 $200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Statistics For The Behavioural Sciences

Authors: Joan Welkowitz, Robert B. Ewen, Jacob Cohen

2nd Edition

0127432604, 9780127432601

More Books

Students also viewed these Accounting questions