The Following Data for February Has Been Provided by Gillard

question 104

Multiple Choice

The following data for February has been provided by Gillard Corporation. The budget variance for February is:

• A)$7,440 F
• B)$7,440 U
• C)$1,140 F
• D)$1,140 U

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Definitions:

Standard Cost

A predetermined cost of manufacturing, purchasing, or using a product or service, used in budgeting and variance analysis.