Assume that a company provided the following cost formulas for three of its expenses (where a refers to the number of hours worked Rent (fixed) Supplies (variable) Utilities (mixed) Multiple Choice The company's planned level of activity was 2.000 hours and its actual level of activity was 1,900 hours. The actual amount of utilities expense for the period was $1,700. What is the spending variance for utilities expense? $125 U $125F $50 U $ 3,000 $50 F $ 4.000 $ 150+ $0.75q

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Assume that a company provided the following cost formulas for three of its expenses (where a refers to the number of hours worked
$3,000
Rent (fixed)
Supplies (variable)
Utilities (mixed)
The company's planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. The actual amount of utilities expense for the
period was $1,700. What is the spending variance for utilities expense?
Multiple Choice
$125 U
$125 F
$50 U
$ 4.000
$ 150+ $0.75q
$50 F
Transcribed Image Text:Assume that a company provided the following cost formulas for three of its expenses (where a refers to the number of hours worked $3,000 Rent (fixed) Supplies (variable) Utilities (mixed) The company's planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. The actual amount of utilities expense for the period was $1,700. What is the spending variance for utilities expense? Multiple Choice $125 U $125 F $50 U $ 4.000 $ 150+ $0.75q $50 F
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