Groupe Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $36,210 per month plus $2,052 per flight plus $1 per passenger. The company expected its activity in October to be 81 flights and 231 passengers, but the actual activity was 80 flights and 236 passengers. The actual cost for plane operating costs in October was $196,000. The activity variance for plane operating costs in October would be closest to:

Metcalf Manufacturing Company has established direct labor standards of 1.0 hour at $15.25 per hour for a product it makes. During December, the company made 5,500 units of that product. Direct labor used was 5,400 hours, and workers were paid $16.25 per hour. Which of the following is true?       The labor efficiency variance is $5,400 favorable.   The labor efficiency variance is $5,400 unfavorable.   The labor efficiency variance is $1,525 favorable.   The labor efficiency variance is $1,525 unfavorable.

J&J Co. provides house cleaning services. The company uses the number of jobs to measure activity. At the beginning of March, the company budgeted for 60 jobs, but the actual number of jobs turned out to be 70. Wages and salaries expense is a mixed cost. Supplies expense is a variable cost. Transportation expense is a fixed cost. Here is a report comparing the actual vs. budgeted revenues and costs for the month of March:   What is the amount of Supplies Expense in the Flexible Budget?

Your Company’s cost formula for its wages and salaries is $2,500 per month plus $475 per unit sold. For the month of May, the company planned for activity of 120 units, but the actual level of activity was 115 units. The actual wages and salaries for the month was $56,850. What is the spending variance for wages and salaries in May?     $2,650 F                 $  275 F     $  275 U     $2,650 U

Kennedy Inc. has the following data for its operation in August:             Increase in direct materials inventory   100 Sets   Direct materials purchased (AQ)   1,600 Sets   Finished goods manufactured   700 units   Direct materials purchase-price variance $ 576 Favorable   Budgeted         Finished goods to manufacture   800 Units   Direct materials purchases   2,000 Sets   Direct materials per unit of finished goods   2 Sets   Direct materials price per set (SP) $ 4.70         What was the direct materials usage variance in August, rounded to the nearest dollar?   Multiple Choice   $705 favorable.   $940 unfavorable.   $470 unfavorable.   $705 unfavorable.   $235 unfavorable.

Canniff Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $56,760 per month plus $2626 per flight plus $9 per passenger. The company expected its activity in February to be 63 flights and 262 passengers, but the actual activity was 62 flights and 263 passengers. The actual cost for plane operating costs in February was $220,700. The plane operating costs in the planning budget for February would be closest to:

Lenci Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 5,100 units, but its actual level of activity was 5,050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Actual results for May: Revenue Direct labor Direct materials Fixed element per month 41,500 22,700 $ 64,200 $ 197,810 $ 28,565 $ 80,265 $ 47,905 $ 22,680 $0 $0 0 Manufacturing overhead Selling and administrative expenses The spending variance for direct materials in May would be closest to: Variable element per unit $ 39.60 $ 5.50 15.70 1.30 0.20 $ 22.70

Canniff Air uses two measures of activity, flights and passengers, In the cost formulas In Its budgets and performance reports. The cost formula for plane operating costs Is $57,060 per month plus $2,638 per filight plus $8 per passenger. The company expected Its activity In February to be 69 filghts and 274 passengers, but the actual activity was 68 flghts and 275 passengers. The actual cost for plane operating costs in February was $237,330. The plane operating costs In the planning budget for February would be closest to: Multiple Cholce $241,274 $239,968 $238,644 $237.330

Chhom Corporation makes a product whose direct labor standards are 0.8 hours per unit and $31 per hour. In November the company produced 7,500 units using 5,500 direct labor-hours. The actual direct labor cost was $115,500.   The labor efficiency variance for November is:

For the month of April, Turing Ltd reported the following variances: £ Sales price Direct materials price Direct labour rate Direct labour efficiency Fixed overhead spending Direct materials usage 3,000 (A) 600 (F) 800 (A) 1,000 (F) 900 (A) 400 (A) Sales volume 2,000 (F) The original budgeted operating profit for the month was £26,800. What was the actual operating profit for the month of April? (Enter your answer as an integer.)