Frosty Snow Removal's cost formula for its vehicle operating cost is $1,900 per month plus $395 per snow-day. For the month of January, the company planned for activity of 14 snow-days, but the actual level of activity was 15 snow-days. The actual vehicle operating cost for the month was $7,550. The activity variance for vehicle operating cost in January would be closest to: O $395 F O $249 U O $395 U O $249 F -

Frosty Snow Removal's cost formula for its vehicle operating cost is $1,900 per month plus $395 per snow-day. For the month of January, the company planned for activity of 14 snow-days, but the actual level of activity was 15 snow-days. The actual vehicle operating cost for the month was $7,550. The activity variance for vehicle operating cost in January would be closest to: O $395 F O $249 U O $395 U O $249 F -

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Description: Frosty Snow Removal's cost formula for its vehicle operating cost is $1,900 per month plus $395 per snow-day. For the month ofJanuary, the company planned for activity of 14 snow-days, but the actual level of activity was 15 snow-days. The actual ve

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 8EB: Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450...

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Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450 hours per the standard cost card. Their employees were paid $15.75 per hour for the month of June. The standard cost card uses $15.50 as the standard hourly rate. A. Compute the direct labor rate and time variances for the month of June, and also calculate the total direct labor variance. B. If the standard rate per hour was $16.00, what would change?
Lesinski Snow Removal's cost formula for its vehicle operating cost is $1,770 per month plus $483 per snow-day. For the month of February, the company planned for activity of 19 snow-days, but the actual level of activity was 24 snow-days. The actual vehicle operating cost for the month was $13,070. The spending variance for vehicle operating cost in February would be closest to: Select one: a. $2,123 U b. $292 F c. $2,123 F d. $292 U
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Dermody Snow Removal's cost formula for its vehicle operating cost is $3,060 per month plus $336 per snow-day. For the month of December, the company planned for activity of 18 snow-days, but the actual level of activity was 20 snow-days. The actual vehicle operating cost for the month was $9,385. The spending variance for vehicle operating cost in December would be closest to:
Dermody Snow Removal's cost formula for its vehicle operating cost is $2,900 per month plus $320 per snow-day. For the month of December, the company planned for activity of 15 snow-days, but the actual level of activity was 13 snow- days. The actual vehicle operating cost for the month was $7,980. The spending variance for vehicle operating cost in December would be closest to:
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