Skoff Corporation Is a Shipping Container Refurbishment Company That Measures

question 156

Multiple Choice

Skoff Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March.
When the company prepared its planning budget at the beginning of March, it assumed that 35 containers would have been refurbished. However, 32 containers were actually refurbished during March.
-The spending variance for "Refurbishing materials" for March would have been closest to:

• A) $2,200 F
• B) $400 F
• C) $400 U
• D) $2,200 U

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Definitions:

Lorenzo Ghiberti

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A French abbot of the 12th century known for his role in developing Gothic architecture, especially through his work on the Basilica of St. Denis.

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An Italian painter, architect, and writer known for his biographies of Renaissance artists in "The Lives of the Most Excellent Painters, Sculptors, and Architects."

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