Genito Corporation's Static Planning Budget for October Appears Below

question 185

Multiple Choice

Genito Corporation's static planning budget for October appears below. The company bases its budgets on machine-hours. In October, the actual number of machine-hours was 8,800, the actual supplies cost was $69,450, the actual power cost was $34,190, the actual salaries cost was $86,490, and the actual equipment depreciation was $37,600.
-The spending variance for power cost in the flexible budget performance report for the month should be:

• A) $1,510 F
• B) $2,770 U
• C) $1,510 U
• D) $2,770 F

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Definitions:

Social Relationship

Connections or associations between two or more individuals influenced by social context, including friendships, family ties, and professional interactions.

System of Authority

The organized and structured arrangement of power within a society, where rules and decisions are made.

Ideal Types

A concept developed by Max Weber, referring to an analytical framework that defines the purest version of a social phenomenon, without the influence of external factors.

Max Weber

A German sociologist, philosopher, and political economist known for his theories on the rationalization of society and his analysis of the structure of authority.