Moncrief Corporation Bases Its Budgets on Machine-Hours

question 226

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 equipment depreciation in the flexible budget performance report for the month should be:

• A) $1,890 U
• B) $90 F
• C) $90 U
• D) $1,890 F

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Definitions:

Poverty Line

The poverty line is a threshold that defines the minimum level of income necessary to afford basic living expenses, varying by country and sometimes within regions of a country.

Typical 10-Year Period

Refers to an average or standard time frame of ten years used for long-term analysis or planning.

Families

Social units consisting of one or more adults together with the children they care for, connected by marriage, blood relation, or other durable ties.

Equality Of Opportunities

The principle that all individuals should have the same chances to pursue their goals and improve their lives, regardless of their background, race, gender, or socioeconomic status.