Moncrief Corporation bases its budgets on machine-hours. The company's static planning budget for July appears below: Actual results for the month were:
The spending variance for power costs in the flexible budget performance report for the month should be:
A) $2,060 F
B) $2,060 U
C) $300 F
D) $300 U

Question

Moncrief Corporation bases its budgets on machine-hours. The company's static planning budget for July appears below:  Actual results for the month were:
 The spending variance for power costs in the flexible budget performance report for the month should be:
A) $2,060 F 
B) $2,060 U 
C) $300 F 
D) $300 U

Quizplus · Accepted Answer

The Answer of Moncrief Corporation bases its budgets on machine-hours. The company's static planning budget for July appears below:  Actual results for the month were:
 The spending variance for power costs in the flexible budget performance report for the month should be:
A) $2,060 F 
B) $2,060 U 
C) $300 F 
D) $300 U

Moncrief Corporation Bases Its Budgets on Machine-Hours