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A company's cost formula for its salaries and wages cost is $2,850 per month plus $317 per job. For the
month of February, the company planned for activity of 16 jobs, but the actual level of activity was 14
jobs. The actual salaries and wages cost for the month was $7,640. The spending variance for salaries
and wages cost in February would be closest to:
$352 F
$352 U
O $282 F
$282 U

Respuesta :

adioabiola

The spending variance for salaries and wages cost in February would be closest to; $282 F.

What is the spending variance in February?

The spending variance as the name implies is the difference between the budgeted cost and actual cost paid for an item. It therefore follows from the definition above that for the month of February;

Spending variance = $7,640 - (2850 + (16×317))

Spending variance = $7,640 - (7922)

Spending variance is therefore; $282 F.

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