Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Results Flexible Budget Planning Budget Flights (q) 52 ? ? Expenses: Wages and salaries ($4,000 + $88.00q) $ 8,450 ? $ 8,400 What is the spending variance for wages and salaries expense? Multiple Choice $176 U $126 F $176 F $126 U
Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Results Flexible Budget Planning Budget Flights (q) 52 ? ? Expenses: Wages and salaries ($4,000 + $88.00q) $ 8,450 ? $ 8,400 What is the spending variance for wages and salaries expense? Multiple Choice $176 U $126 F $176 F $126 U
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 1.5C
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Assume that a company provided the following excerpts of information from its flexible budget performance report:
Actual Results | Flexible Budget | Planning Budget | |||||||||
Flights (q) | 52 | ? | ? | ||||||||
Expenses: | |||||||||||
Wages and salaries ($4,000 + $88.00q) | $ | 8,450 | ? | $ | 8,400 | ||||||
What is the spending variance for wages and salaries expense?
Multiple Choice
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