Moncrief Corporation Bases Its Budgets on Machine-Hours

question 92

Multiple Choice

Moncrief Corporation bases its budgets on machine-hours. The company's static planning budget for July appears below: Actual results for the month were:
The spending variance for supplies costs in the flexible budget performance report for the month should be:

• A) $30 F
• B) $1,690 F
• C) $1,690 U
• D) $30 U

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Definitions:

Water

Water is a transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's streams, lakes, and oceans, and the fluids of most living organisms.

Ions

Ions are atoms or molecules with a net electric charge due to the loss or gain of one or more electrons.

Carbon Dioxide

Carbon dioxide is a colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air and is absorbed by plants in photosynthesis.

Molecule

The smallest unit of a chemical substance that retains its chemical properties, consisting of two or more atoms bonded together.