Problem on spending variance for supply costs

Assignment Help Accounting Basics
Reference no: EM13148308

Brattain Tile Installation Corporation measures its activity in terms of square feet of tile installed. Last month, the budgeted level of activity was 1,230 square feet and the actual level of activity was 1,140 square feet. The company's owner budgets for supply costs, a variable cost, at $2.10 per square foot. The actual supply cost last month was $3,260. In the company's flexible budget performance report for last month, what would have been the spending variance for supply costs?

Reference no: EM13148308

Questions Cloud

Social security benefits : I need a thesis for my english paper on argumentative. I am writing on the Social Security benefits. I have gathered research, I will include the history of social security and my thesis should be. Is there a future for social security and/or what wo..
Interpersonal communication : Social media has played a major role in changing the way that we engage in interpersonal communication. as we learned this week communicating through electronic media is referred to as mediated communication.
Two smoothing constants of forecast including trend model : Which of the following is true regarding the two smoothing constants of the Forecast Including Trend (FIT) model (which is also called exponential smoothing with trend adjustment)?
Compute the molality of the ethylene glycol : An aqueous antifreeze solution is 40.0% ethylene glycol, C_2H_6O_2, by mass. The density of the solution is 1.05 g/ml. Calculate the molality of the ethylene glycol.
Problem on spending variance for supply costs : The company's owner budgets for supply costs, a variable cost, at $2.10 per square foot. The actual supply cost last month was $3,260. In the company's flexible budget performance report for last month, what would have been the spending variance f..
How plants and animals are able to meet these challenges : There are many challenges that organisms must meet to survive. Describe two challenges and explain how plants and animals are able to meet these challenges. Be specific about structures (anatomy) involved and molecules (physiology) involved.
Gross income before adjustments : Jeremiah and Megan had the following as income and expenses during the year: What is Jeremiah and Means gross income before adjustments?
Find probability that better walks is on the fourth pitch : That successive pitches are independent of oneanother. Knowing this, the opposing team manager has instructed his hitters to not swing at anything. The better walks on the fourth pitch.
Which type of succession takes longer : Which type of succession takes longer? a) primary succession or b) secondary succession?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journalize the transactions and posting

Journalize the Transactions and Posting  them into ledger and Preparation of Trial Balance.

  Contacting the appropriate vendors

Ellison Inc., a manufacturer of steel school lockers, plans to purchase a new punch press for use in its manufacturing process. After contacting the appropriate vendors, the purchasing department received differing terms and options from each vend..

  Consistency between governmental accounting

It is sometimes said that in debt service funds, the accounting for interest revenue is inconsistent with that for interest expenditure. Explain. What is the rationale for this seeming inconsistency?

  Forecasting-weighted moving average

Using a weighted moving average with weights of 0.60, 0.30, and 0.10, find the July forecast. Using a simple three-month moving average, find the July forecast.

  Can a percent of change be negative

If the current assets in 2010 were 112,004 and in 2009 the current assets were 113,030 the change is -1,026. That would mean the percent of change is -.009%. Is this correct? Can a percent of change be negative? If so, is this the proper way to wr..

  Expecting annual overhead costs

If annual overhead costs are expected to be $750,000 and direct labor costs are expected to be $1,000,000, then:

  Accounts paayable confirmations

Discuss situations in wihc the auditor should use accounts paayable confirmations and discuss wheter the auditor is required to use them.

  What is edward adjusted gross income

Edward operates an illegal drug-running business and has the following items of income and expense. What is Edward's adjusted gross income from this operation?

  Payback period of the project

The annual net operating income from the project would be $135,000, which includes depreciation of $37,000. The scrap value of the project's assets at the end of the project would be $25,000. The payback period of the project is closest to:

  Journalize treasury stock transactions

The shareholders equity section of Rowen Company shows: Common stock $1,500,000; paid-in capital in excess of par value of $1,000,000;

  Capital stock of a danish subsidiary

Bowman Company reported translation adjustments in its stockholders' equity section of $2,000,000. Such adjustments were added to the other items disclosed in Bowman's stockholders' equity.

  Privilege against self-incrimination

Paul-Weiss, which had received copies of these documents from its client, refused to produce them, arguing that it was exempted from doing so by Doe's privilege against self-incrimination. Was Paul-Weiss correct in its assertion?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd