Chapter 9

Question 1

Estimates of what revenue and costs should have been based on the actual level of activity are shown on the ————- budget.

Answer 1

Flexible

Question 2

Fancy Nails has an estimated cost for supplies of $0.75 per manicure. June’s budget was based on 2400 manicures and a total cost for supplies of $1800. June’s actual activity was 2500 manicures. Total cost of supplies in June was $2000. Calculate the spending variance for June.

Answer 2

-