Question
The budgeted amount of salaries expense equals $50,000. Actual salaries during the budget period amounted to $45,000. The variance for salaries expense is equal to:
The budgeted amount of salaries expense equals $50,000. Actual salaries during the budget period amounted to $45,000. The variance for salaries expense is equal to: (LO 4.5)
$5,000 unfavorable
$5,000 favorable
$95,000 unfavorable
$95,000 favorable
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
Financial Accounting Practice And Principles
Authors: Jan Bebbington, M. Richard Laughlin, Robert H. Gray, Gray Dave
3rd Edition
1861527713, 978-1861527714
