Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Fixed Element per MonthVariable Element per Customer ServedActual Total for OctoberRevenue $4,100$182,900Employee salaries and wages$42,300 $1,300$98,800Travel expenses $700$30,500Other expenses$31,500 $31,900When the company prepared its planning budget at the beginning of October, it assumed that 39 customers would have been served. However, 44 customers were actually served during October.The spending variance for "Employee salaries and wages" for October would have been closest to:
A. $5,800 F
B. $5,800 U
C. $700 U
D. $700 F
Answer: D
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What will be an ideal response?
Formal meetings often use parliamentary procedures to maintain order in the decision making process
Indicate whether the statement is true or false.
Use the function ExpValue, defined below. If you apply this function to the data in the image, where Values = B2:B4, and Weights = A2:A4, what is the value of EV when t=2?
Public Function ExpValue(Values As Range, Weights As Range)
Dim t As Integer, VarCount As Integer, EV As Single
VarCount = Values.Count
EV = 0
For t = 1 To VarCount
EV = EV + Values(t) * Weights(t)
Next t
ExpValue = EV
End Function
a) $25
b) $50
c) $125
d) $225
e) $250