Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

site air quality testing services. The company has the following 13 AirQual Test Corporation provides master (planning or static) budget for March Actual Results

image text in transcribed

site air quality testing services. The company has the following 13 AirQual Test Corporation provides master (planning or static) budget for March Actual Results Master Bulg Jobs Revcooc 250 test services $ 13,750 $ 15.000 Mobile lab (Variable costs) $ 7,500 Insurance (Fixed costs) $ 1,600 S $ 12,000 1,000 What is the activity variance in the total costs in March $ 1,900 Favorable B. $ 1.900 Unfavorable $ 2,000 Favorable $ 2,000 Unfavorable $ 3,900 Favorable 14 Larry's Lawns provides edging and trimming services. The company uses two measures of its activity: the number of lawns and the number of hours. Additional Information on costs and level of activity are below Budget for service expenses Fixed Cost per Month $ 6,000 Variable Cost per number of lawns $ 20.00 per number of lawns Variable Cost per Service hour S 15 per service hour Budget Actual Number of Lawns in March 500 550 Number of hours in March 100 90 The company reported $500 unfavorable spending variance for service expenses. What was the actual costs incurred in March? A. $ 17,500 B. S 17,850 C. S 18,000 $ 18,350 $ 18,850

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

Financial Accounting in an Economic Context

Authors: Jamie Pratt

8th Edition

9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292

More Books

Students also viewed these Accounting questions