Answer the following questions using the information below:
Bundaberg Bicycles has prepared the following flexible budget for September and is in the process of interpreting the variances.F denotes a favourable variance and U denotes an unfavourable variance.
$$\begin{array} { l r r r }
& \text { Flexible } & { \text { Variances } } \
& \underline { \text { Budget } } & \underline {\text { Price }} & \underline { \text { Efficiency }} \
\text { Material A } & \$ 20000 & \$ 1000 \mathrm { U } & \$ 1200 \mathrm {~F} \
\text { Material B } & 30000 & 500 \mathrm {~F} & 800 \mathrm { U } \
\text { Material C } & 40000 & 1400 \mathrm { U } & 1000 \mathrm {~F}
\end{array}$$
-The actual amount spent for Material B was:

Question

Answer the following questions using the information below:
Bundaberg Bicycles has prepared the following flexible budget for September and is in the process of interpreting the variances.F denotes a favourable variance and U denotes an unfavourable variance.
 $$\begin{array} { l r r r } 
& \text { Flexible } & { \text { Variances } } \
& \underline { \text { Budget } } &  \underline {\text { Price }} & \underline { \text { Efficiency }} \
\text { Material A } & \$ 20000 & \$ 1000 \mathrm { U } & \$ 1200 \mathrm {~F} \
\text { Material B } & 30000 & 500 \mathrm {~F} & 800 \mathrm { U } \
\text { Material C } & 40000 & 1400 \mathrm { U } & 1000 \mathrm {~F}
\end{array}$$
-The actual amount spent for Material B was:

Quizplus · Accepted Answer

The flexible budget for Material B is $30,000. The actual amount spent for Material B is $300 unfavorable from the flexible budget, which means the actual amount spent is $30,300 (30,000-300 = 30,300). Therefore, the correct answer is D.

Answer the Following Questions Using the Information Below: Bundaberg Bicycles

Answer the Following Questions Using the Information Below:
Bundaberg Bicycles