Lenci Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance repor During May, the company budgeted for 5,170 units, but its actual level of activity was 5,120 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 0 $0 0 42,200 23,400 $ 65,600 $ 198,510 $ 29,265 $ 80,965 $ 51,905 $ 23,380 Variable element per unit $ 40.30 $ 6.20 16.40 2.00 .90 $ 25.50 Manufacturing overhead Selling and administrative expenses The spending variance for manufacturing overhead in May 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 repor During May, the company budgeted for 5,170 units, but its actual level of activity was 5,120 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 0 $0 0 42,200 23,400 $ 65,600 $ 198,510 $ 29,265 $ 80,965 $ 51,905 $ 23,380 Variable element per unit $ 40.30 $ 6.20 16.40 2.00 .90 $ 25.50 Manufacturing overhead Selling and administrative expenses The spending variance for manufacturing overhead in May would be closest to:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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D1.
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bdhdhdjdjdjjdis plz dont answer current ration in the following: Current Asset $20000., Current Liability $20000