Answer the following questions using the information below:
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.

-The actual amount spent for Material B was:
A)$29,700
B)$30,800
C)$30,500
D)$30,300

Question

Answer the following questions using the information below:
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.
 
-The actual amount spent for Material B was:
A)$29,700 
B)$30,800 
C)$30,500 
D)$30,300

Quizplus · Accepted Answer

The flexible budget for Material B is $31,000 and the actual amount spent is given as an unfavorable variance, which means it is less than the flexible budget. The only option that is less than $31,000 is D) $30,300.

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