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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
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 | |
Salaries | 26,700 | |
Equipment depreciation | 39,160 | |
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:
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