Diemert Corporation Bases Its Budgets on Machine-Hours

question 192

Multiple Choice

Diemert Corporation bases its budgets on machine-hours. The company's static planning budget for June appears below:

Actual results for the month were:




-The spending variance for supplies costs in the flexible budget performance report for the month should be:

• A)$5,180 F
• B)$2,420 U
• C)$5,180 U
• D)$2,420 F

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Definitions:

Table Datasheet View

A data presentation style in database software that arranges information in a grid of rows and columns, akin to a spreadsheet layout.

Currency Field

A specialized field in databases or spreadsheets formatted to display and calculate financial data in the currency format.

Total Row

A row in a spreadsheet or database table that automatically calculates and displays the sum or another statistical measure of data in columns.

Average

A statistical measure that represents the central or typical value in a set of data, calculated by dividing the sum of all values by the number of values.