Assume that the amount of one of a companys fixed expenses in its flexible budget is $46,000.
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Question:
Assume that the amount of one of a company’s fixed expenses in its flexible budget is $46,000. The actual amount of the expense is $48,800 and the amount in the company’s planning budget is $46,000.
Calculate the spending variance for this expense.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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