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Taos Company's cost formula for machine operating costs is $2,850 per month plus $317 per day. For the month of October, the company planned for activity of 16 days, but the actual level of activity was 14 days. The actual machine operating costs for the month was $7,640. The spending variance for machine operating costs in October would be closest to: Multiple Choice O O $282 F $352 U $282 U $352 F A "revenue & spending" variance is $600 favorable for a unit-related cost (e.g. COGS). This may be true due to which one of the following? Multiple Choice using more input quantities than were budgeted selling less quantity compared to the budgeted selling output at a higher selling price than budgeted paying lower prices for inputs than were budgeted Which one of the following statements is correct (true)? Multiple Choice A possible reason for preparing a flexible budget with multiple cost drivers is that an expense may be expected to vary for more than one reason. The principle objective of a performance report is to determine how much compensation is owed to managers. An unfavorable activity variance could result from an inappropriate assignment of labor or machine costs to specific jobs. When using a flexible budget, a decrease in activity within the relevant range decreases the variable cost per unit