Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Medlar Corporation's static planning budget for June appears below. The company bases its budgets on machine-hours.

Budgeted number of machine-hours8,900
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.

What should be the spending variance for supplies cost in the flexible budget performance report for the month ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate the spending variance for supplies cost in the flexible budget perfor... 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

Horngrens Financial and Managerial Accounting

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

5th edition

9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292

More Books

Students also viewed these Accounting questions

Question

How do emotions affect peoples relationship with money?

Answered: 1 week ago