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Use the following to answer questions 20-21: Wormy's Catering has two measures of activity, jobs and meals, in the cost formula for budgets and performance
Use the following to answer questions 20-21: Wormy's Catering has two measures of activity, jobs and meals, in the cost formula for budgets and performance reports. The cost formula for catering supplies is $430 per month plus $80 per job plus $14 per meal. The company expected its activity in January to be 20 jobs and 190 in meals, but the actual activity was 21 jobs and 194 meals. The actual cost for catering supplies Act January was $4, 676. What was Wormy's flexible budget for January? A. $4, 826 B. $k, 260 C. $4396 What are Wormys activity variance and spending variance respectively? A. $136 unfavorable and $150 favorable B. $150 favorable and $136 unfavorable C. $136 favorable and $150 unfavorable D. $150 unfavorable and $136 favorable
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