Question
Medlar Corporation's static planning budget for June appears below. The company bases its budgets on machine-hours. Budgeted number of machine-hours$8,900 Supplies (@ $2.20 per machine-hour)19,580
Medlar Corporation's static planning budget for June appears below. The company bases its budgets on machine-hours.
Budgeted number of machine-hours$8,900
Supplies (@ $2.20 per machine-hour)19,580
Power (@ $3.80 per machine-hour)33,820
Salaries26,700
Equipment depreciation39,160
Total$119,260
In June, the actual number of machine-hours was 9,300, the actual supplies cost was $19,760, the actual power cost was $35,720, the actual salaries cost was $27,130, and the actual equipment depreciation was $39,430.
The spending variance for power cost in the flexible budget performance report for the month should be:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started