Rients Corporation Is a Service Company That Measures Its Output

question 12

Multiple Choice

Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October.
When the company prepared its planning budget at the beginning of October, it assumed that 39 customers would have been served. However, 44 customers were actually served during October.
-The spending variance for total expenses for October would have been closest to:

• A) $600 F
• B) $9,400 U
• C) $600 U
• D) $9,400 F

Understand the dynamics of bargaining ranges and how they influence negotiation strategies.

Understand the diverse methods for involving communities in decision-making and action planning.

Recognize the importance and application of different brainstorming and idea generation techniques.

Comprehend the role and functioning of parliamentary motions in meetings.

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Definitions:

Ledger

A comprehensive record of all financial transactions that occur in a business, serving as the principal book for accounting and analysis.

Chart of Accounts

A systematic list of all account titles and numbers being used by a company to organize its financial transactions and to prepare financial statements.