The spending variance for Employee salaries and wages for March would have been closest to:A) $3,300 UB) $3,300 FC) $300 UD) $300 F

Question

Jaime Salinas · Accepted Answer

Final Answer : C, Explanation :  The spending variance is calculated by subtracting the budgeted amount from the actual amount spent. Since it isn't specified and we don't have enough information on what the budgeted amount is, we will compare the actual amount spent in March with the amount spent in February.Actual spending in March for Employee salaries and wages = $32,000Actual spending in February for Employee salaries and wages = $31,700Therefore, the actual spending in March is $300 more than the actual spending in February. Since we are comparing actual amounts, any increase in spending is considered unfavorable or unfavorable. In this case, the increase in spending is unfavorable, so we have a variance of $300 U (unfavorable).Therefore, the best answer choice is C) $300 U.

The spending variance for "Employee salaries and wages" for March would have been closest to:

A) $3,300 U
B) $3,300 F
C) $300 U
D) $300 F

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Learning Objectives

Related questions

The spending variance for "Employee salaries and wages" for March would have been closest to:A) $3,300 UB) $3,300 FC) $300 UD) $300 F

Definitions

Learning Objectives

Learning Objectives

Related questions

The spending variance for "Employee salaries and wages" for March would have been closest to:

A) $3,300 U
B) $3,300 F
C) $300 U
D) $300 F