RelyaTech Corp. is a popular car-wash operation that measures its activity in terms of number of cars washed. Last month, the budgeted level of activity was 1,220 cars washed and the actual level of activity was 1,210 cars washed. The cost formula for the washing expenses is $4.60 per car washed plus $25,000 per month. The actual RelyaTech's washing expense was $24,100. Q) What was the RelyaTech's spending variance for the washing expenses last month?

RelyaTech Corp. is a popular car-wash operation that measures its activity in terms of number of cars washed. Last month, the budgeted level of activity was 1,220 cars washed and the actual level of activity was 1,210 cars washed. The cost formula for the washing expenses is $4.60 per car washed plus $25,000 per month. The actual RelyaTech's washing expense was $24,100. Q) What was the RelyaTech's spending variance for the washing expenses last month?

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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