Moncrief Corporation bases its budgets on machine-hours. The company's static planning budget for July appears below: Budgeted number of machine-hours 1,000 Supplies (@ $8.60 per machine-hour)$8,600Power (@ $8.80 per machine-hour) 8,800Salaries 11,300Equipment depreciation 9,900Total$38,600?Actual results for the month were: Actual number of machine-hours 1,200Supplies$10,290Power$10,860Salaries$11,690Equipment depreciation$9,990?The spending variance for power costs in the flexible budget performance report for the month should be:
A. $300 F
B. $2,060 U
C. $300 U
D. $2,060 F
Answer: C
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