Monday, June 6, 2011

2.The actual amount spent for Material B was

ACCOUNTING

Multiple Choice

Hector’s Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance.

Flexible ------------Variances-------------

Budget Price Efficiency

Material A $20,000 $1,000U $1,200F

Material B 30,000 500F 800U

Material C 40,000 1,400U 1,000F



The actual amount spent for Material B was

a. $29,700

b. $30,800

c. $30,500

d. $30,300


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