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Fancy Nails has an estimated cost for supplies of $0.75 per manicure. June's budget was based on 2,400 manicures and a total cost for supplies of $1,800. June's actual activity was 2,500 manicures. The actual cost of supplies in June was $2,000. Calculate the spending variance for June.

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abiolataiwo2015

Assuming the actual cost of supplies in June was $2,000, the spending variance for June is $125 U.

Spending variance

Using this formula

Spending variance=Flexible budget-Actual activity

Let plug in the formula

Spending variance=($0.75 x 2,500 manicures)- $2,000

Spending variance=$1,875 - $2,000

Spending variance = $125 U

Inconclusion the spending variance for June is $125 U.

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