Question: A spending variance is calculated by comparing the: A) The difference between the actual amount of the cost and how much a cost should have

A spending variance is calculated by comparing the:

A) The difference between the actual amount of the cost and how much a cost should have been, given the actual level of activity

B) Planning budget to the felcible budget

C) Planning budget to the actual results

D) Static budget to the actual results

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

A spending variance is calculated by comparing the: Multiple Choice The difference between the acutal amount of the cost and how much a cost should have been, given the actual level of activity....

Q:

1 2 3 4 help Assume that a merchandising company provided the following beginning and ending budgeted balance sheets for a forthcoming month: Assuming the company paid a $4,000 dividend during the...

Q:

Assume the following: The standard price per pound is $3.00. The actual quantity of materials purchased and used in production is 62,200 pounds. The actual purchase price per pound of materials was...

Q:

Assume that a company has two cost drivers--number of courses and number of students. The planned number of courses and students were 5 and 100, respectively. The actual number of courses and...

Q:

I need help with 24,25 Development of the operating budget begins with the Cash budget Sales budget Overhead budget Pro forma budget Julie Finn is preparing the materials purchases budget for the...

Q:

the interrelationships of the variances in a particular chapter, comprehensive coverage of variances in the entire textbook is lacking. In other words, there is typically no discussion of how...

Q:

I need a tutor to double check my work on this homework. Ive already done it but I am afraid to put the answers in because it will say its wrong and make me start a whole new problem with new...

Q:

40 Cost accounting Questions (must be answered in 90 minutes) Please highlight answers in red 1) A "what-if" technique that examines how a result will change if the original predicted data are NOT...

Q:

Question 1 Basic Concepts of Measuring and Assigning Costs Job-order production is characterized by firms that produce customized or built-to-order products . For job-order production systems, costs...

Q:

1- Which of the following statements is true? 1. Fixed costs should usually be included in performance reports because fixed costs are generally controllable. II. Fixed costs should not be included...

Q:

Consider the prediction of annual salary from age alone (as compared to exercise 1, where experience was also used as an X variable). a. Find the regression equation to predict annual salary from...

Q:

In this question you will need to complete the boxes for a T4 for Marijke using some of the following information. Enter your answers in the grid provided below the copy of the T4. This would be her...

Q:

True: The weak - form of the efficient market hypothesis ( EMH ) states that all past trading information is already reflected in stock prices. Therefore, analyzing publicly available information,...

Q:

Youth fitness testing is best applied in: Group of answer choices primary grades intermediate grades junior high school high school

Q:

LO1 Explain how HR determines the federal and provincial employment and labour standards that apply to various workers.

Q:

Define job descriptions and job specifications , illustrating how the two are related yet different.

Q:

What factors need to be considered when redesigning jobs? Of these, which is (are) most important?