Lightsey Natural Dying Corporation measures its activity in terms of skeins of yarn dyed. Last month, the budgeted level of activity was 14,800 skeins and the actual level of activity was 15,100 skeins. The company's owner budgets for dye costs, a variable cost, at $0.51 per skein. The actual dye cost last month was $8,660. In the company's flexible budget performance report for last month, what would have been the spending variance for dye costs?

A. $1,112 U
B. $959 U
C. $153 U
D. $172 U


Answer: B

Business

You might also like to view...

The three Vs are considered a defining feature of big data. Which of the following is the best definition of the term big data?

A. Variety, visibility, & valuation. B. Volition, veracity, & velocity. C. Volume, velocity, & variety. D. Volume, variability, & veracity.

Business

______ is the process of giving employees feedback and referring employees with problems that cannot be managed within the work structure to the organization’s employee assistance program.

A. Coaching B. Management counseling C. Progressive discipline D. Gross negligence

Business

A bond sells at a discount when the:

A. Contract rate is above the market rate. B. Bond has a short-term life. C. Bond pays interest only once a year. D. Contract rate is below the market rate. E. Contract rate is equal to the market rate.

Business

The use of the Pearson correlation coefficient assumes the variables have a normally distributed population.

Answer the following statement true (T) or false (F)

Business