Dure Corporation's cost formula for its selling and administrative expense is $24,500 per month plus $1 per unit. For the month of July, the company planned for activity of 7,200 units, but the actual level of activity was 7,160 units. The actual selling and administrative expense for the month was $31,460.The spending variance for selling and administrative expense in July would be closest to:
A. $200 F
B. $240 F
C. $200 U
D. $240 U
Answer: A
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Outplacement counseling programs are
A. university-sponsored executive training programs that require participants to live on campus while completing short, custom-designed courses. B. services in which professionals try to help dismissed employees manage the transition from one job to another. C. long-distance educational programs using instruction via video or audio tapes or computers provided by the company to augment employee skills. D. services rendered to employees to manage drug or alcohol addiction. E. third-party programs to assist employees with their mental health and chemical dependency needs.
Which of the following would be least likely to indicate potential fraud activity?
a. increased borrowing at one specific bank b. increased numbers of short sales by investors c. increased business with related parties d. increased customer appreciation activities
The matching concept supports matching expenses with the related revenues
Indicate whether the statement is true or false
A company has bonds outstanding with a par value of $100,000. The unamortized premium on these bonds is $2,700. If the company retired these bonds at a call price of $99,000, the gain or loss on this retirement is:
A. $3,700 gain. B. $2,700 loss. C. $1,000 gain. D. $2,700 gain. E. $1,000 loss.