What is the spending variance for utilities

Assignment Help Accounting Basics
Reference no: EM131619540

Problem - Deluca Manufacturing prepared the following cost control report for the prior month:


Planning Budget

Actual Results

Variances

Direct labor hours

30,000

33,000


Direct materials

$45.000

$55,000

$10,000   U

Direct labor wages

$480,000

$520.000

$40,000  U

Maintenance

$125,000

$136,000

$11,000   U

Utilities

$82,000

$86,000

$4,000   U

Rent

$65,000

$65,000

$0

Depreciation

$27.000

$27 000

$0

Total:

$824,000

$889.000

$65,000     U

Direct materials and direct labor wages are variable costs; rent and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $35,000: the fixed component of the budgeted utilities cost is $13,000.

What is the spending variance for Utilities?

a. $6.900 F

b. $6,900 U

c. $2.900 F

d. $2,900 U

Reference no: EM131619540

Questions Cloud

Determining the cross-sectional area : The density of steel is 7860 kg/m3. Note that this value is not the linear density of the cable. At what speed does a transverse wave move along the cable?
What is the value of call option : What is the value of a call option if the underlying stock price is $116, the strike price is $110, the underlying stock volatility is 40 percent,
Identify and describe the stages of team development : How might stronger team skills benefit you? How might you use teamwork skills in your job? Provide specific examples.
What are the events activities and state variables in system : A simulation is to be conducted of cooking a spaghetti dinner to discover at what time a person should start in order to have the meal on the table by 7:00 PM.
What is the spending variance for utilities : Deluca Manufacturing prepared the following cost control report for the prior month: What is the spending variance for Utilities
How many homeless are there in los angeles : How many homeless are there in Los Angeles? Who are they e.g., women, children, families, mentally ill?
Describe how the firm prices its revenues and costs : In terms of currency denomination, describe how the firm prices its revenues and costs. What means do they use to hedge against exchange rate risk?
Compute the average translational kinetic energy of a single : Compute the average translational kinetic energy of a single radon molecule that is absorbed on the surface at room temperature (20° C)?
European put option on stock : A European put option on a stock with 50 days until expiration has an exercise price of $80. The underlying stock is trading at $65 and the risk-free rate is 4%

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a memo to ed

Prepare a memo to Ed including the Benefits and drawbacks of all three forms proposed and your recommendation and rationale for one business form for Ed to choose.

  Find amount of net unrealized losses

The Carrefour Group reports the following description of its financial assets available-for-sale. Assets available for sale are valued at fair value.

  Two months of activity and cost of cleaningmtnce are

two months of activity and cost of cleaningmtnce are production volume for month one is 4000 units and month two 4700

  On march 26 sinker industries received a special order

on march 26 sinker industries received a special order request for 120 ten-foot aluminum fishing boats. operating on a

  June 10 sold obsolete store equipment for 630 cash the

june 10 sold obsolete store equipment for 630 cash. the equipment originally cost 2105 and depreciation to march 31 of

  Basis to the corporation of the property

What gain or loss is recognized by the corporation when it issues its shares to Kyle? What is the basis to the corporation of the property it received from Kyle?

  The appropriation other program costs covers vacation

The appropriation Other program costs covers vacation pay pension and retiree health care benefits and all other program expenditures The city uses the purchases method to record the acquisition of supplies. The year end supplies inventory is consi..

  Apex chemicals company acquires a delivery truck at a cost

apex chemicals company acquires a delivery truck at a cost of 29564 on january 1 2010. the truck is expected to have a

  Essential characteristics that make an item a liability

(a) What are the essential characteristics that make an item a liability? (b) How does one distinguish between a current liability and a long-term liability?

  Prepare the journal entry

On January 1, 2010 (the date of grant), Lutz Corporation issues 2,000 shares of restricted stock to its executives. The fair value of these shares is $75,000, and their par value is $10,000.

  Management is considering purchasing an asset for 51000

management is considering purchasing an asset for 51000 that would have a useful life of 6 years and no salvage value.

  On december 31 2012 flint corporation sold for 100000 an

on december 31 2012 flint corporation sold for 100000 an old machine having an original cost of 180000 and a book value

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